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Rule Of 72

Rule Of 72
  • #: 133274
  • Price: free ($0.00) In Apple Store
  • Category: Finance
  • Updated: 2011-02-23
  • Current Version: 4.02
  • 4.02
  • Size: 0.80 MB
  • Language: English
  • Seller: JBMJBM, LLC
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 4.0 or later.
  • © JBMJBM, LLC
  •  Add to Favorite apps

 

Description

Do you ever wonder how long it will take to double your money on your investment? Well if you do, then this is the app for you!

This app allows you to input the rate of return or interest rate on your investment and it will calculate how long it will take to double your money.

You can also do the reverse, enter the number of years and it will calculate the rate of return you will need to double your money for the given years.

Here are a few examples...

A 15% rate of return on your stock portfolio will take 4.80 years to double your money.

The 1% interest rate you are getting on your money market funds will take 72 years for you to double your money!

If you want to double your money in 20 years, you will need a return of 3.6% over those 20 years.

What's New in Version 4.02

Fixed Misc Item Error in Ads.

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The information may be outdated (2011-04-14 22:18:17). For actual information go to iTunes

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