iPhone App Giveaway: Compound Interest Calculator

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A company contacted me to see if I wanted six free coupon codes for their compound interest calculator iPhone app. It seemed like a win-win, they get publicity and readers get some free stuff. Also, I could actually try it out since I have an iPod Touch. (I got nothing else.) If you have iTunes, read about the app here.

Quickie Review
The calculator does what it says, it calculates compound interest for you based on your inputs of starting amounts, additional deposits, time, interest rates, and compounding frequency. You can find out how much you’ll save by putting away $50 a month for 20 years, or make sure your online savings account is paying you the right amount of interest.

Honestly, I thought that something like this would be free, as you can find something equivalent for free on the internet at hundreds of sites. However, I know it does take time and effort to make a pleasant-looking and bug-free iPhone app. It does have that iPhone “slick” feel. Some pretty graphs would have made it a more complete package.

The retail cost is $2.99. I would never pay that much money for this, but then again I’ve never paid for any iPhone/iPod Touch app so far. I looked, and there was no equivalent app that was free. There were a few for 99 cents that were close but still lacked a few of the features on this app.

Giveaway
If this sounds interesting to you, just leave a comment with a valid e-mail below by Noon Pacific on February 2nd. Name not necessary. I’ll randomly pick 6 winners to get a promo code that will let you download it from the Apple App Store for free.

(Udpate: The 6 winners have been contacted. If there are some no-shows, I’ll redraw in a week.)

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Comments

  1. I’m never first for giveaways haha. Sounds interesting..count me in. Thanks!

  2. Looks like a good app to use to teach the kids the power of saving money by making regular bank deposits. Hope I win!

  3. Sign me up!

  4. I think this would be a handy tool on the go

  5. Sounds like a useful app to show the man in the street the huge impact the Eighth Wonder of the World can have!

  6. A simple time value of money app looks interesting.

  7. Is that an actual screenshot? How does $1000 x 4 additions/yr x 50 yrs = $150,000 in additions?

  8. Seems like a useful app.

  9. I use an amortization app. and find it very helpful to easily figure mortgage costs. This one look pretty good.

  10. Cool app!

  11. Please send me free promo code.

  12. count me in for this 1.

  13. Did you say “Free App”! sounds good and a nice looking app. Count me in as well.

  14. Exactly what I want. Just too cheap to pay for it. Thanks.

  15. Looks pretty interesting. I’d like to play around with it for a bit…count me in 🙂

  16. This looks great

  17. I’d try it out. Seems weird that there isn’t something like this out there for free though.

  18. I’d love to win this app!

  19. Coutn me in . Thanks! 🙂

  20. Looks great. Thanks

  21. Well, that’s an app worth checking out. Thanks!

  22. I’d like to have this one!

  23. Count me in also.

  24. count me in please.

  25. Please send me one!

  26. Rob Shemeley says

    I’ve actually needed to do this calculation more than once while not at my computer (mostly when teaching people how money works!) This app would be helpful!

  27. Will be happy to get this one.

  28. Sounds cool! I want one!

  29. Please count me in for one. It appears like a useful tool.

  30. count me in!

  31. My wife and I are always trying to calculate compound interest on her normal iPhone calculator or on my desk calculator when trying to figure out which investment would best suit our needs. This app would save us lots of time and confusion when calculating numbers. Thanks for the opportunity to get this app for free.

  32. I’ll give it a whirl. Thanks!

  33. Include me for this one! thanks.

  34. Sounds great!

  35. Looks like a neat way to demonstrate the power of compound interest – I love walking people through a look at what can happen when you save $ on a consistent basis, especially when you start early in life. Anyone hear ever read “The Wealthy Barber” by David Chilton? Great simple read with the same principle…

  36. I`m in, weeeeeeeeeee something for free

  37. I’m in.

  38. Would love to give it a try.

  39. Good luck to me!

  40. I’d love to have it on my ipod touch. Put me in the drawing. Thanks.

  41. First thing that popped in my head when reading the post was the book The Automatic Millionaire and the “latte factor” it talks about. It seems like a decent application for the iphone because browsing to bankrate.com or some other online calculator on your iphone could be more difficult than just using the dedicated app. I could see myself using it if finance discussion occurs at a bar or gathering of friends.

  42. I’m feeling lucky today

  43. Sign me up!

  44. I’d like to give a test. Thanks!

  45. Sounds worth getting for free.

  46. Mario Brothers says

    I want in.

  47. Dean Stevenson says

    I can’t do those computations in my head so count me in!

  48. Josh Miller says

    I would like this

  49. I’d like to try it

  50. I’m interested. And I’m often surprised at which apps developers decide to charge more than 0.99 for. Hmm, according to App Shopper it went from 0.99 to 2.99 on 15 Jan.

  51. Google Android rules!!!!!!!!

  52. I might actually use an App like that – count me in.

  53. Count me in – looks useful!

  54. I would love to get the promo code. thanks!

  55. Looks useful

  56. Looks like a winner.

  57. Looks useful

  58. Sounds useful, count me in for the drawing.

  59. Though it never hurts to try, I rarely, if ever, win anything. Even with odds this good. LOL

  60. Looks like a simple but useful app. Thanks for offering the drawing.

  61. Sounds like a great program.

  62. Sarah G.M. says

    Great websiteblog! Love how it keeps you honest. We don’t have a car payment..but we still have a home mortgage, 2 kids and someday college. You remind me of Cornelius Vanderbilt or John D. Rockefeller…they always knew their networth, daily, down to the penny. Thus, part of how they attained their wealth. You probably know about MINT.com? Great way of tracking expenses, categorizing. Intuit is supposed to combine their app with it to fully complete it. Would LOVe to win the app as compounding our friend, no? Have a good one!!
    -Sarah

  63. Me too!

  64. IN

  65. Pick me !

  66. Sweet…count me in.

  67. Oops! Hook me up!

  68. Looks good, count me in.

  69. Would love a free code. This makes me think I should (a) write something like this for the app store and (b) send any financial apps I have your way for review/promotion. Thanks for the great blog!

  70. For free, why not…

  71. pl. count me in.

  72. Me too! 🙂

  73. I never won a super lotto!

  74. Sign me up! Although it it a bit humbling, the best part of this is the adjustment for inflation.

  75. I’ve got the touch also, I’m in.

  76. Nice app.

  77. Not that it would be great for calculating interest for myself, but it would be great to check my finance homework. 🙂

  78. Sound’s good, I’d take it!

  79. I like it!

  80. Sign me up, this will work for a variety of things that I’m looking at. It’s surprising someone hasn’t come up with this before, it’s pretty handy.

  81. Looks nice! I’m up for it.

  82. I would give it a try!

  83. Looks pretty neat

  84. sign me up

  85. Let me see my Luck..!

  86. im in.

  87. Count me in.

  88. Due to the nature of work I do, I’ve already tried several apps that attempt to do this and didn’t really like them. I usually try to get apps that are not very expensive, so I don’t know if there might something more expensive out there that does the job well. Hopefully this app is user friendly and would love to use it, it help me in my day to day activities and I would save some money as well. Navigating through some websites is also not that easy in an iPhone so an app is the only way to go with this. Anyway, it is almost time for the deadline, so thanks for the opportunity and good luck to all!!!

  89. Sounds like a perfect ap, especially since I’m starting to save for my new babies college tuition!

  90. I am in!

  91. I would love to try it!!

  92. Please send the app to me. Thanks!