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

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.
- A solution can be found for any field except for the 'Total' field.
- Select which field to solve by tapping the left or right margin
of the screen. Alternatively, use the up/down button to scroll through
the solve field options. Arrows in the margin will indicate which
field will be recalculated.
- Fill in values for all fields except the selected field.
- Tap the 'Solve' button to recalculate the selected field.
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