5 ms·

Does anyone know of any free/open source software that calculates compounding interest on accounts?

• stevezsa8 7y ago
  Any spreadsheet software will do this. =money_in_account*(interest_rate/12) I would advise to start with a spreadsheet and then move to custom accounting software after you are used to keeping track of numbers.
  • N_trglctc_joe 7y ago
    That formula won't work with compound interest. I'm not sure if most spreadsheet packages have an exponential function, but the formula should be money_in_account * exp( interest_rate/12 )
  • faitswulff 7y ago
    Hmm, I suppose spreadsheets would work, but I'd like if there was something with a friendlier interface for seeing how much someone owes me after a certain time, and with partial payments.
• smichael 7y ago
  There's http://hackage.haskell.org/package/hledger-interest http://hackage.haskell.org/package/hledger-interest, a hledger addon.