Financial Solutions | Panload

Financial Solutions by Devoe Technologies, LLC

Financial Solutions is a Time Value of Money program with the most commonly used equations for financial calculations.

The application has 11 Equations:

•Future Value of an Investment

•Future Value of Deposits

•Regular Deposits

•Regular Withdrawals

•Initial Investment

•Minimum Investment

•Regular Payment on a Loan

•Principal on a Loan

•Term of a Loan

•Nominal Interest Rate

•Effective Interest Rate

 

If you wanted to determine your monthly payment for a car costing $19,000.00, you would use the Regular Payment equation.

Entering the data:

Principle: $19,000.00 (cost of the car)

Interest Rate: 5%

Payments per year: 12

Number of years: 5

Payment: $358.55

 

You and your wife are expecting and you want to set up a budget to determine how much money you would need to save every month over the next 18 years to yield $60,000.00 for your child's education.  Using the Regular Deposits equations you enter:

Future Value: $60,000.00 (assume cost in 18 years)

Nominal Interest Rate: 1.5%

Deposits Per Year: 12

Number of Years: 18

Deposits: $242.13