Interest Calculator

Interest Calculator is a lightweight and easy to understand piece of software designed to serve a series of basic needs in what concerns financial calculations, enabling you to determine maturity amounts for recurring deposits or compound interest loans, as well as the value of EMI.

The application features a very simple and straightforward user interface, being split into three main tabs, each with distinct functionality, yet similar appearance.

As such, you can switch between ‘Recurring Deposit’, ‘Compounding Interest’ and ‘EMI Calc’, depending on your current needs, and quickly learn the results of the calculation.

Using the ‘Recurring Deposit’ component, you can learn the maturity amount, specifically how much money you will be receiving at the end of a fixed period of time (years), if you deposit the same sum every month, also taking into account a yearly interest rate that can be calculated monthly, quarterly or half-yearly.

At the same time, the ‘Compounding Interest’ section allows you to determine the total sum you will be able to obtain if you deposit a given amount of money for a fixed period, on the basis of a yearly interest rate.

With the help of the ‘EMI Calc’, you can find out the total amount of the equated monthly installments you will be required to pay or obtain, if you have loaned someone money for a lengthy period of time.

However, the calculations are all performed based on non-adjustable formulae, so aside from the preset initial values, there is nothing you can customize about the operations. Similarly, none of the obtained results can be saved or exported to a file.

In closing, Interest Calculator is a practical and user-friendly program that can be used for simple financial calculations, enabling even the less business-savvy to determine how much money they owe or should obtain.