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iTarget

iTarget
  • #: 170202
  • Price: $1.99 In Apple Store
  • Category: Business
  • Updated: 2010-06-29
  • Current Version: 1.1
  • 1.1 (iOS 4.0 Tested)
  • Size: 0.20 MB
  • Language: English
  • Seller: Chris Wood
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.0 or later
  • © 2009 Chris Wood
  •  Add to Favorite apps

 

Description

itarget is an earnings or growth planning tool. You set your target amount and your timescale, and it produces a clear outline showing what you need to achieve and when.

The calculation is based on a steady growth formula (known as compound growth), meaning you have a fixed yearly growth rate (see the screenshots for an example).

It's easy to use - you just enter your current and target amounts, and specify when you want to earn it. Your plan is then calculated, and displayed as a table.

The plan can also be emailed (in printer friendly black and white) with a single touch.

Why compound growth?

Compound growth is the best way to plan your targets, here's an example showing why:

Say you earn $10, 000 and your target is $50, 000 in 4 years. Without compound growth you need a $10, 000 pay rise every year, so in year 1 you need a hard-to-achieve 100% pay rise. In year 4 you go from $40, 000 to $50, 000 - only a 25% increase, so your growth has slowed right down.

With compound growth, you need an increase of 49.53% every year. This means steady growth, and much easier planning!

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The information may be outdated (2011-04-21 10:55:01). For actual information go to iTunes

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