Content Rating 4+
1 / 5
Compound Interest Calculator F
Finance, Business IOS
What is Compound Interest? Interest added to the principal money so that you can also gain interest on the principal and added amount. You may use this concept to stay on top of your saving or retirement plans. It is never too late to start earning some real money!
For example, if you put $50 in your savings account every month, and this savings yields 10% annually. After 30 years, you will have invested $18,000. How much money you think you will you get? $30,000? $50,000? Nope! You will end up with a huge sum of $113,024 (more than 6 times the amount you had put down).
Our application allows you to calculate and plan out both long term and short term savings. Just imagine how rich you can become if you start right now.
- Calculate future value of your investment using compound interest formula
- Multiple options for contribution frequency (monthly, quarterly, semiannually, annually)
- Display table view right under result
- Formulas included in case you forgot
iPhone X Bugs Fixed