Compound Interest - Compounder 1.3.0
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Paid Version
Publisher Description
Have you ever wondered what your money could be worth in 30 years if you saved it instead of spent it? Compound Interest answers that question by helping you calculate what your money could be worth if you saved it or invested it over time.
Imagine you started saving for retirement when you're just 15 instead of 40. Put away $100 bucks a week with 7% returns. By the time you hit retirement age you'd have over 2 million dollars stashed away. You might ask yourself: how, doing the quick math that's only saving $260,000? Well, that is where compound interest comes into play. Even though you only earned and saved a little over $250,000 you gained over $2,000,000 in compound interest. Pretty cool right?
Already have an end goal in mind? Instead solve for contribution amount, return rate, or length. Want to retire with $5,000,000 but aren't sure how much you need to be saving each month to reach that goal? Switch the mode to solve for contribution amount and it will automatically calculate that number.
So check out this awesome compound interest calculator that lets you see your gains broken up by year with a cool interactive graph, multiple tabs, and light/dark themes.
Notable Features:
- The ability to create additional tabs to allow you to calculate as many sets of data and outputs as you want.
- Ability to solve for different values like total amount, length, contribution amount, or the return rate you might need to achieve your goals.
- Tab References: You can now reference one tab's total balance in another's initial balance. This is great for scenarios where you want to change the contribution amount or return rate in future years. For example, you can now experiment with the scenario of contributing $500 for 10 years followed by $0 for the next 10 years, and see the effects of compound interest over a 20 year time period. To reference another tab just tap into the starting balance and you'll see a toolbar above the keyboard with tabs that can be referenced.
- See data broken out by each year it's being compounded.
Apr 6, 2022
Version 1.3.0
Tab References:
You can now reference one tab's total balance in another's initial balance. This is great for scenarios where you want to change the contribution amount or return rate in future years. For example, you can now experiment with the scenario of contributing $500 for 10 years followed by $0 for the next 10 years, and see the effects of compound interest over a 20 year time period. To reference another tab just tap into the starting balance and you'll see a toolbar above the keyboard with tabs that can be referenced.
Negative Return Rates and Contributions:
You can now invert your return rate or contributions to make them negative.
More Tabs:
There's no longer a limit on how many tabs you can add.
Customize Currency Symbol:
It's now possible to choose a different currency symbol than the symbol defined by your device's region. Head to the settings menu to see the options.
About Compound Interest - Compounder
Compound Interest - Compounder is a paid app for iOS published in the Accounting & Finance list of apps, part of Business.
The company that develops Compound Interest - Compounder is Micah Wilson. The latest version released by its developer is 1.3.0.
To install Compound Interest - Compounder on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2022-04-06 and was downloaded 2 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Compound Interest - Compounder as malware if the download link is broken.
How to install Compound Interest - Compounder on your iOS device:
- Click on the Continue To App button on our website. This will redirect you to the App Store.
- Once the Compound Interest - Compounder is shown in the iTunes listing of your iOS device, you can start its download and installation. Tap on the GET button to the right of the app to start downloading it.
- If you are not logged-in the iOS appstore app, you'll be prompted for your your Apple ID and/or password.
- After Compound Interest - Compounder is downloaded, you'll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished you can tap on the OPEN button to start it. Its icon will also be added to your device home screen.
