Compoundee app review: a simple yet effective compound interest calculator

Introduction

What we have here is a simple yet effective compound interest calculator for your iPhone and iPad that you can use to quickly and easily figure out not just your interest by also as a handy loan repayment calculator with a little know-how.

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This app makes a fairly decent addition to the Finance category of the App Store, and is definitely one of the more consistent developments of its kind that I’ve come across so far this year.

I won’t pretend to understand every single term used in this app because I’ve never really been particularly involved in savings or taking out loans, but I really like how everything is laid out and would definitely recommend checking it out if you need a tool like this.

Easily Calculate Compound Interest

Compoundee is a great app which features a fairly generic and user-friendly interface which is absolutely ideal for calculating compound interest and storing a record of your calculations on an ongoing basis for easy future reference.

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This app provides full support for amounts adjusted for tax and inflation, so you can easily see what you’ll be left with after Mr. Taxman has taken his slice of the pie.

 

Doubles Up as a Loan Payment Calculator

One thing I think is very cool is that the developer has also instructed that you can use this app as a loan payment calculator be selecting the Deposits tab and entering your total as 0. I really like that they’ve done this because they could just as easily marketed a loan payment calculator as a separate app!

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What’s more, you’ll find all of the usual features that you’d expect from a utility of this kind, including passcode protection, a Bookmarks list for your favorite calculations, and the ability to export your records via email for sharing with others.

 

Pros & Cons

Pros

• Utilize a simple yet effective compound interest calculator
• Use as a loan payment calculator be selecting the Deposits tab and entering your total as 0
• Easily access a history of your recent calculations for quick reference
• Provides support for amounts adjusted for tax and inflation
• Includes full support for very large sums of money and periods of up to thousands of years
• Share your records with others online via email
• Add your most frequently used calculations to your Bookmarks list for quick and easy future reference
• Keep your records safe and secure with passcode protection

Cons

• There is nothing negative to say about this app

 

Final Words

Compoundee is a great iPhone and iPad app which definitely receives a strong recommendation from me.