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Simple and compound interest
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Version :1.1.3
Size :28.25Mb
Updated :Aug 11,2021
Developer :Mob Apps
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Here are three topics related to math and finance, with questions to ask you: 1. What is the formula for calculating simple interest, and how does it differ from compound interest? 2. Can you explain the difference between annual percentage rate (APR) and annual percentage yield (APY) in interest calculations? 3. How do you calculate the future value of an investment using the compound interest formula, and what are some real-life applications?
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Description
Discover the magic of compound interest with this app. Calculate COMPOUND and SIMPLE interest with ease. Ideal to simulate investments in savings, among others. Save your simulations for later analysis. Create your account on the app and have access to your data saved on any device. Track the monthly performance of your simulation. Perfect for simulating the final value of a fixed interest investment. Enter the initial amount (what you already have), the monthly amount (how much you want to deposit each month), the interest rate and the period (total number of months) and find out the final amount accumulated through the compound interest.
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