Screenshots

Description

This is an easy to use financial calculator with three different tabs, all slightly differently configured. There are no number buttons or settings. You simply drag a bunch of sliders around, and watch as your monthly instalment for car finance or home loans gets recalculated, as well as the graphs demonstrating the payment down of capital and total interest. The retirement calculator allows you flex many different parameters relating to savings towards retirement, including your current age and the age at which you plan to retire, as well as your real salary increases and real investment return. You can see how these and other parameters like your current savings, will affect how much you have at retirement as a multiple of your salary at retirement. You can also see a full payment or savings schedule, and each calculator has its own help / info screen. The app also includes force touch from the home screen, as well as for peeks and pops from within the app, utilising the latest iPhone and iPad features.

What's New

Version 2.0

Added a Living Annuity calculator, and made a couple of cosmetic changes.

A Living Annuity is a life wrapper that allows you to draw an income (within limits from 2.5% to 17.5%) from your savings annually. The question most people wonder about, is how much to draw, and how this will impact on how long their savings will last. This calculator will calculate this under certain assumptions, which includes the initial savings and income, along with an assumption for the rate of return expected on the investment. It therefore assumes that this rate of return is earned every year, whereas the reality is that investing is a risky enterprise and returns achieved are stochastic (random). There are many other complexities related to investing, so please use this as a tool to understand the relationship between the variables and assumptions, and not to make investing decisions. Always seek investment advice before investing.

Information

Seller
Joao Frasco
*WEA.AppPages.Size*
11.7 MB
Category
Finance
Compatibility
Requires iOS 11.0 or later. Compatible with iPhone, iPad, and iPod touch.
Languages
English
Age Rating
Rated 4+
Copyright
Copyright © 2018 Joao Frasco. All rights reserved.
Price
$1.99

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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