Interest Calculator and Tools [Finance] App Description & Overview
What is interest calculator and tools app? This app allows you to obtain simple and compound interest.
Simple interest is the one that results when the interest generated in the time that an investment lasts is due only to the initial capital. It is normally used for short-term operations (less than a year).
With this application we can calculate the initial capital, the final capital, the time, the interest rate or the interests of a simple interest operation.
Example: Calculate the value of the interest that we have to pay to return 10,000 euros at 5% per year for 5 months.
Result: 208.33 euros.
It is the interest rate that takes into account the initial capital and the accumulated interest to calculate the interest of the following period.
This calculator allows you to calculate the initial capital, final capital, the interest rate or the period necessary for a specific situation. Periodic contributions at the end of each period can also be considered.
Interest Calculator also brings some extra tools for you.
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