This savings calculator helps to find out how much interest you will get when you invest your money over a given period of time with a fixed interest rate. It calculates the compound interest which means it assumes you reinvest the interest after each year (or just leave it in the bank account). So you will profit from the interest you earn on interest you already got.
You can calculate any value in the interest equations, so that you can find out how much interest rate or how many years are necessary to reach a certain goal. As well you can find out how much money you need to start with. This is perfect for doing "what-if" analysis.
- iPad multitasking (split view) support
Ratings and Reviews
I really like it quick to the point as to how money will grow. The only downside it it is so small with no way to enlarge it. You almost have to use a stylus pen to enter
This ap is not worth .99!!! It's hard to change the numbers and really offers no substance. Don't waste your money. I wish I could get mine back. I would have added another $ to my savings!!!!
It would have been nice to have an option to calculate earnings if you were depositing a fixed amount every month/year.
With Family Sharing set up, up to six family members can use this app.