FinancesOSX - 2.2

FinancesOSX (Universal) calculates the value of any one of five parameters for five types of financial calculations: Loans, Investments, Deposits, Withdrawals and Inflation ... given values for the remaining four parameters. An amortization table is provided for loans.

Loans are the conventional installment loans with an initial loan amount to be paid back in regular payments over a fixed period of years at a specific interest rate.

Investments are an initial lump sum that grows over a period of years at a fixed rate, as in the case of investing a lump sum from an inheritance or winning the lottery.

Deposits are regular periodic deposits of a fixed amount into an account that grows at a constant rate over a fixed number of years, such as an investment club or a regular savings plan.

Withdrawals determine how long you can take a periodic fixed amount from an initial lump sum investment at a fixed growth rate before the account is totally depleted, answering the question 'How long will my life-long savings last after I retire?'

Inflation shows the effect of inflation on the purchasing power of a future $ amount in today's $ after a number of years at a estimated annual inflation rate. This provides some perspectives on the question 'What lifestyle will my accumulated savings support at some point in the future?' by bringing the future $ amount back to today's equivalent $ in the context of today's prices.


What's new in this version:

* Added calculation of the effective interest rate when prepaid interest (points) are charged for loans. Points are expressed as a percentage of the original loan amount.
* Added summary rows to the amortization table.The starting payment (row) and the number of payments for each summary are set in the {Preferences ...} menu.
* Made minor improvements to the interface and error trapping.


Website
Download FinancesOSX