Free Investment Calculator is a financial application created to help you gain a certain degree of foresight before you get to invest your money. Using this piece of software you are able to calculate interest based on various conditions and get a better idea of the outcome.
Its interface is very well designed and structured. All the parameters that influence the analysis are inserted in custom fields in one side of the application while the other is dedicated to displaying the results and other information. As far as comprehensibility goes, Free Investment Calculator really stands out, it certainly can be used by anyone with basic computer skills.
To allow you to calculate investments and their interest, the application enables you to enter initial deposits, regular ones and choose the deposit and compound frequencies. Deposits can be daily, weekly, monthly, quarterly and annually while compound frequencies can be continuous, monthly, quarterly and annually.
You can also set the inflation rate and have the application compare your strategy with an alternative one. For the alternative you can set its regular deposit, compound frequency even set it to start a few years later.
Based on the number of years you set for the investment plan, Free Investment Calculator displays a graph that displays your savings across that time period. The graph shows you the initial deposit, regular deposit and total interest. You can also view a pie chart representation of your strategy, as well as tabular data. For both the pie chart and tabular data viewing modes, you can toggle to compare your strategy to the alternative one.
In conclusion, Free Investment Calculator is a very well put together application that can help you get a better understanding of how an investment can turn out. There is though one major setback to it. It doesn’t give you the possibility to save the obtained information. Not even in a simple TXT file.
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