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.
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.
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.
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.
Compoundee amortization tables
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!
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.