Future Value of Money Calculator

• This app calculates both Simple Interest and Compound interest of money.

Formulae

• Total amount (Simple interest) = (Principle * interest(%) * time(years)) + principle
• Total amount (Compound interest) = Principle(1 + interest(%))**time(years)

Live link

• https://fv-calculator.netlify.app/

Note

• To try new values, clear output to refresh the app.
• When you update values, change Calculation type to Choose then select your preferred calculation so that the system can pick up the updated values.

Contribution

• This project is open-source and invites contributers to make it better.

  Bug Fix

  • The functionality is on the calculation type input onChange function.
  • This makes it challenging to update values and do another calculation
  • You need to first clear output and input new values afresh
  • If you can move it to the main onSubmit function and keep the functionality working, this problem will be solved.

Development

In the project directory, you can run:

npm install

npm start

Runs the app in the development mode.
Open http://localhost:3000 to view it in your browser.

Author

David Nene - Msc. Data Science Student - Strathmore University

Supervisor

Dr. Jackson Idi Mdoe - Foundations in Finance and Economics Lecturer - Strathmore University

Date

10/Sept/2023