Soulver 3 for Mac
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Compound Interest & Loans
Common financial functions

Compound Interest

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$1,000 after 3 years at 7% | $1,225.04
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By default the compound interest function assumes a yearly compounding interval. You can also specify a monthly compounding interval:
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$1,000 for 3 years at 7% compounded monthly | $1,232.93
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Present Value of Future Money

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present value of $1,000 after 20 years at 10% | $148.64
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Mortgage/Loan Repayments (Principal + Interest)

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monthly repayment on $10,000 over 6 years at 6% | $165.73
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annual repayment on $10,000 over 6 years at 6% | $1,988.75
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total repayment on $10,000 over 6 years at 6% | $11,932.48
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Mortgage/Loan Repayments (Interest Only)

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monthly interest on $10,000 over 6 years at 6% | $26.84
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annual interest on $10,000 over 6 years at 6% | $322.08
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total interest on $10,000 over 6 years at 6% | $1,932.48
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For an amortizing loan, the monthly interest decreases over time as you pay off the loan's principal. Typically an amortization table is used for details about what you'll pay in a given month. The monthly interest function in Soulver indicates the average monthly interest paid over the lifetime of the loan.

Return on Investment (ROI)

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$500 invested $1,500 returned | 2x
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annual return on $1,000 invested $2,500 returned after 7 years | 13.99%
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Last modified 2mo ago