Compoundee is a compound interest calculator for your iPhone and iPod Touch. Now you can quickly figure out what you have to invest, and for how long you have to invest it without having to go to the back and ask. . .and without having to do complicated tasks with a standard calculator.
Compoundee lets you set the rate, duration, deposits, and principal of any future investments that you’re planning. All you have to do is call up your bank and find out what kind of rate that you get for a savings account, then you can do the rest right from your device.
Calculator applications have become a highly flooded market in the App Store. A developer is gonna have to do something special to stand out in the crowd. While this application is very detailed and full of specific settings to customize, I don’t think it really lives up to the expectation that some customers have in a $1 iPhone app.
However this would be the ideal application for a banker, or someone that works with investing money. Although I would imagine a calculator like this is readily available on the computer that someone at a bank uses, maybe it would be useful on the go. I know I get asked to fix computers all the time(from friends and family), maybe the same happens to people who work with saving accounts?
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