Capital: Compound Interest app for iPhone and iPad
4.6 (
6656 ratings )
Business
Finance
Developer: Dmitriy Antoniuk
Free
Current version: 1.5, last update: 4 years agoFirst release : 01 Aug 2018
App size: 9.47 Mb
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.