Compound Interest Calculator With Annual Addition
How interest is compounded can significantly contribute to the amount saved over time . The more interest is compounded, the more wealth is accumulated over time. This calculator demonstrates how to put compound interest to work, and how interest can really add up and make your money work for you! You may use this concept to stay on top of your savings or retirement plans. It is never too late to start earning some real money!
It has the following financial features:-
• Unique feature of Annual Addition - Unlike other compound interest calculators this app has a unique feature of Annual Addition which can help you calculate the performance of your Mutual Funds, Sytemic Investment Plans (SIP), Public Provident Funds(PPF), Goal Achieving, Retirement Planning, Life Insurance Corporation Investments (LIC) , Banking, Compounding, Recurring Deposit etc.
• Compounding Multiple times a year –You can set Interest amount to be compounded yearly, monthly, weekly or daily as per your convenience.
• Calculates future value of your investments – It Calculates future value of your investments using compound interest formula
• Usefull for All - No prior finance knowledge required .
• Used for investments, financial planning, budgeting, retirement planning, Mutual fund Analysis, Systemic investment plan (SIP) calculations, Fixed deposit calculations, accounting, studies, research etc.
• App is generic and it is suitable for individuals, financial planners, accountants, brokers, students, research analysts of all Countries and for all currencies .
In finance, compound interest means the interest you earn every year is added to the principal so that your balance can grow at a very fast rate.
Compound Interest Calculator is an essential tool to manage your personal finances or your daily official calculations. Download it and give it a try!
The results provided by this calculator are intended for illustrative purposes only.This calculator is not intended to offer any tax, legal or financial advice and does not assure the availability of your eligibility for any specific product . For any practical use please consult your Financial Advisor.
Category : Finance
Reviews (30)
Be warned: This app is the ugliest looking thing on God's natural Earth. And utterly useless when working with larger sums. The app just friggin crashes. Constantly. Inefficient and resource-hungry, it looks like it was designed by a 12 year old using Visual Basic, and any serious person with a professional mindset would do will to avoid this rinky-dink gadget.
Well....I was looking for something as such on internet...but pathetic and repetitive websites ...this app is definately something that everyone who is looking to invest in some investment plan(where he keeps on paying premium annually) or something like ULIP will be able to get his desired understanding of the interest earned.
If you want to compound yearly it works. If you want to compound monthly, it does not work properly. The same for daily.
It is an Intrest Calculator aap, why is it asking permission for Media,Photo,Files?... #Alert
Excellent application. Easy to use and provides a simple solution to a complex algorithm.
It helps me alot when my friend archita is helping me with some work!!!! Thnks aalot fir this app i loved it alot!😊
sooo simple.plz dont change the interface.plz add copy function for the result.so we can long press on result box n copy the value in it.
Does what it says, but disappointing that it only has option for annual contributions, instead of monthly.
Excellent App and have been using it for a long time now...very handy and useful!
Please add monthly addition option alongwith annual addition, it will make app effectively useful.
useless when working out large sums less than 12 months and multiple timed ads
Only addition per year.. No monthly option
failed to fit on my phone. not even close
It is very helpful in day to day life!! Enjoyed using it😊
very nice app. gives accurate answers
a very helpfull app......Loving it 😍😊😊
Wow this is so cool!
gives accurarte answers
I used it. It worked.
Best app
This app is just magical it made my calcuations soo easy and i recommend to all banker n CA to use it . It even saved my time . Wonderful job 👍👍👍👍 KEEP MAKING MAGICAL APP
It's an awesome App very helpful. Amazing job Archita
Awesome and a very simple to use calculator with highly easy interface to use.. Great job..
Excellent app. Very efficient and fully functional. Saves a lot of time and is a splendid innovation.
Very useful for one time investment paired with annual additions
GRT job this real digital India Congrats Archita
Congrats Archita Gr8 App. Very simple to use.
It's a very relevant app for future investment planning
Excellent app....very useful for mba students....and I personally use this app every so often ....and I think this is a great app ...
Application is very simple and straight forward. Does what it says. I would make a suggestion. Add the ability to see the compounded data in tabulated form, similar to an amortization table, based on years to retirement, monthly contributions and compound interest interval this way people are able to see the changes overtime.