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- Million Calculator Vs. Calculator: Compound Interest
Million Calculator vs. Calculator: Compound Interest Utilizzo e statistiche
You have already wondered how long you will reach your first million, haven't you?
How much will it be necessary to invest to reach that amount? Is it possible to reach that value one day?
With the Million Calculator app it is possible to calculate exactly how long you will get your first million.
How does it work?
The calculator works in a very simple way. Just enter the initial investment, the deposit value that will be contributed monthly, the monthly interest and inflation. At the end of the calculation, the number of years and months until you reach the amount of one million will be displayed.
The application also provides an income table, where it is possible to check, month by month, the evolution of investments and the interest accumulated during the period.
This app was developed with the aim of helping those who plan to save money and are starting to educate themselves financially.
Enjoy the app and good investments!
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Compound interest is a method used to calculate interest on an investment. It involves adding together the principal amount and the previously generated interest to determine the next interest payment. Unlike simple investments that earn a fixed amount of interest each time, compounding investments accumulate more and more interest, resulting in exponential growth of your assets over time.
- App Store di Apple
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Million Calculator VS.
Calculator: Compound Interest
12icembre d, 2024