What is: Interest rates are money you are given for lending someone (eg. a bank) your money. Interest rates are usually given as a percentage of the amount you loan to others.
Say you have 1000, that you place on a bank account. The current interest rate is 5%. At the end of a year, if you have had the same amount of money in the bank, you'll receive 50 in interest from the bank, so that you now have a total of 1050.
In the above example it is easy to calculate the interest. But what if you have many bank accounts, and you have a lot of transactions. Can you follow and trust the interest rates that you bank is giving you ? - Wouldn't it be great to have a free to try interest calculation software tool to help you check the interest calcualtions and see if your bank is right ?
And if you invest, do you know if you are doing better than if you just placed the money in the bank, earning a solid interest rate ?
By using Amateur Invest you can look your bank over the shoulder, and actually check, that you are given the correct interest. This is possible because the software package contain an interest calculation mechanism. And you can also see if your investments gives a higher return, than the interest rate you are given by your bank.
- software for interest rate calculation.
By downloading Amateur Invest you can try the best free private easy program tool package out, manage your personal finances, and see the many features. - No obligations or strings attached! - But if you like to register the best, easy to use and free to try "interest-rate" software program, you can do it from here.
Disclaimer: The term Amateur is not used to insult anyone. It is used about people that does not invest for a living, and as such does not sit around watching the investment markets all their time. People like us also need access to tools and independent information to help us make the most of our hard earned money.
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Page update: 2015-03-15, 13:49:44:053