From Media Freeware:
Free Interest Calculator is a financial desktop application with great features presented by Free Payment Calculators. It's an application for those who want to deposit their money. Its job is to calculate the interest of money deposit. In the Initial Deposit text box you enter the amount you want to deposit. There is a text box for a regular deposit which means how many additional money you can deposit based on a regular manner such as weekly, monthly, yearly. you can specify the rate of interest in percent. This way you can calculate your interest based on the bank in which you are going to deposit you money. There is a very interesting feature which calculates your Compound Interest. As you know Compound Interest is interest which is added to the main deposit. In other words, the interest earns interest. For example an account with $1000 initial deposit and 20% interest per year would have a balance of $1200 at the end of the first year, $1440 at the end of the second year, and so on. You can change the compound frequency too. Another feature is that you can continue with an alternate deposit which is shown next to your main strategy on the graph. The graph shows you all your info with different colors to analyze it better. Some key features of Free Interest Calculator are: A great interest calculator for your deposits; Compound Interest calculation; Two separate strategies; Show the results on the graph for better comparison; Very simple and easy to use.