Compound Interest Calculator
Alex Wei
February 23, 2014
Finance, Mac App
174 Views
Summary
Compound Interest Calculator – Compound interest meaning that the interest you earn each year is added to your principal, so that…
Info.
- License$4.99
- version1.0
- File Size0.8 MB
- RealeseFeb 22, 2014
- DeveloperRen Xiufang
- O.S.Mac OS X 10.7 or later, 64-bit processor
Description
- Compound interest – meaning that the interest you earn each year is added to your principal, so that the balance doesn’t merely grow, it grows at an increasing rate – is one of the most useful concepts in finance. It is the basis of everything from a personal savings plan to the long term growth of the stock market. It also accounts for the effects of inflation, and the importance of paying down your debt.| | Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be principal is called compounding.| | My comp…… | More…
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2014-02-23
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