Bob's Calculator Version 2.0 Updated: 2005.02.01  
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The financial screen allows a variety of financial calculations. This screen is operational only for registered versions of Bob's Calculator.

Main screen
Overview
Time value of money
Amortization list
Compound interest
Cash flow
Bonds
Depreciation
Annual depreciation list
Financial 'quick' buttons

Time Value of Money: Often used to calculate mortgage payments, etc, where periodic payments are made over time. In the example above, it was requested to calculate how many years it would take to repay a $100,000 mortgage, at 4% interest, if you make $1500 biweekly payments. The result is 2.71 years.

The periodic interest rate can be calculated by simply dividing the annual interest rate by the payments / yr, or by using a continuous interest calculation. You can select if the first payment happens at the beginning of the first period, or at the end.

Tap the 'Show' button to display a list of payments, including principal, interest and the balance owing.



(c) 2005 RarM_Software