Compounder
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Compounder
Compounder

Compounder

Interest Calculator

Developer: James Bevins
App Size: 24.5 MB
Release Date: Jul 31, 2018
Price: FREE
4.8
2557 Ratings
Size
24.5 MB

Screenshots for App

iPhone
iPhone X
More Screenshots for iPad
Compounder, allows you to calculate compounding interest quickly. What exactly is compound interest?
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

For example, if you start with $1000 in your savings account and each month you contribute $500 at 11% interest annually. After 40 years, guess how much the account will be worth. The answer, $4.38 Million! You're only putting in $500/month(the average car payment in America) at just 11% interest(Same interest the S&P 500 has averaged over the past 90 years).
You don't have to be some big Wall Street broker to become a millionaire.
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Compounder 1.5 Update
Aug 15, 2019 Version History
What's new in software version 1.5? + In version 1.3 there was an incorrect calculation that occurred when compounding the initial capital investment with no additional payments. Version 1.5 fixes this issue.+ Interface Improvement for the iPhone XR and iPhone XS Max. + New touch bar that controls the "compound frequency" improves the user experience. If you are enjoying the software update, please leave a review on the App Store.

~James Bevins
More Information about: Compounder
Price: FREE
Version: 1.5
Compatibility: Requires Requires iOS 10 or later
Size: 24.5 MB
Genre: Finance
Release Date: Jul 31, 2018
Last Update: Aug 15, 2019
Content Rating: 4+
Developer: James Bevins
Language: English -


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