About Pocket Interest Rate
Do you want a powerful tool to help you make important financial decisions quickly and save you valuable time? Do you get confused by financial jargon related to loans and savings? If the answer to either of these...
Do you want a powerful tool to help you make important financial decisions quickly and save you valuable time? Do you get confused by financial jargon related to loans and savings? If the answer to either of these questions is yes, then this app is for you!
This free app is a collection of 6 powerful tools which calculate everything involving interest rates, ranging from time it would take to fully repay a credit card debt to an amount accumulated in a savings account over time. The following tools are included:
Interest accumulation - calculates the amount accumulated over specified time with specified compound interest.
Interest rate calculation - calculates interest rate of accumulated amount.
Fixed instalments - calculates interest rate of a loan payable by fixed instalments, such as car finance or mortgage.
Flexible loan repayment - calculates time it would take to clear a flexible loan, such as credit card, if borrower would chose to pay in regular instalments of the same amount.
Student loan - specialist tool that calculates time it would take to repay a student loan. This is based on the UK system.
Tax on savings - calculates amount accumulated in savings while taking income tax into account.
Most of these tools can be adjusted for inflation, so the answers would be given in today's money. As an added bonus, the app also comes with a glossary which contains brief definition of the most commonly used financial terms, such as APR and consumer price index
Previous Versions
Here you can find the changelog of Pocket Interest Rate since it was posted on our website on 2019-11-06 22:05:21.
The latest version is 4 and it was updated on 2024-04-22 16:49:19. See below the changes in each version.
Pocket Interest Rate version 4
Updated At: 2015-03-22
Changes: Updates app's look and feel
Disclaimer
Official Google Play Link
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