The latest version of MoneyToys™ Free Loan Calculator is new available for download from MoneyToys.com.
Version 5.0 adds the ability to calculate and compare two loans at once. For more information or to download this free, Windows-based loan calculator, visit the Free Loan Calculator web page at MoneyToys.com.
For more information: MoneyToys.com Free Loan Calculator
Wheatworks is pleased to announce an update to Discounted Cash Flow Analysis Calculator, a DCF calculator for Win 2000, XP and Vista, which performs quick, comprehensive, simultaneous analyses of 14 different cash flow series. It automatically displays cash flow analysis results for 5 different discount rates for each of the 14 cash flow series. A single license for Discounted Cash Flow Analysis Calculator is available for $69.95 USD. Discounts are available for multi-user licenses.
For each of the 14 series’ five discount rates, Discounted Cash Flow Analysis Calculator calculates: Net Present Value NPV, Net Future Value NFV, Net Uniform Series NUS, Modified Internal Rate of Return MIRR, Present Worth Cost, Present Worth Revenue, Benefit/Cost Ratio and Present Value Ratio.
Calculate the following results for each of 14 cash flow series: Initial Investment, Smallest Cash Flow, Largest Cash Flow, Cash Flow Range, Average Cash Flow, Number of Cash Flows, Undiscounted Sum of Cash Flows, Internal Rate of Return IRR and Undiscounted Payback Period.
Learn more and download a fully-functional trial version of Discounted Cash Flow Analysis Calculator at http://www.DiscountedCashFlowAnalysis.com
Wheatworks has just posted a Glossary of Cash Flow Analysis Terms to the web site for Discounted Cash Flow Analysis Calculator.
This glossary of financial terms related to cash flow analysis is offered to assist users with understanding the results calculated by Discounted Cash Flow Analysis Calculator. While you may find a more expansive financial glossary on the internet, this collection of financial terms focuses on those related cash flow analysis.
More later, but in addition to the glossary of cash flow analysis terminology, Wheatworks has also just updated Discounted Cash Flow Analysis Calculator version 2.0. Additional information will be available here on the blog in a few days.
There are two ways to create an amortization schedule: the hard way and the easy way.
LoanSpread.com has the detail of both methods.
Here’s a graphic introduction to the hard way:
Here’s a screenshot of the easy way:
And here’s where the button lives:
Free Pay Down Debt or Invest Calculator
Maybe you received a tax refund. Perhaps it was a gift from family. However it arrived, you received a windfall! Now what?
Is it better to pay off (or pay down) debt? Or should you invest the money? Or even more basic, should you tuck it away into an emergency fund?
Anytime you have extra income, you must ask the important question, “What’s the best thing to do with this money?”
First, if you do not have an emergency fund consider saving the extra money. The current economic environment surely dictates that you have an emergency fund if possible.
Second, (only after you have an emergency fund) consider whether to pay off debt or invest the windfall.
Wheatworks Software has released a Free Pay Down Debt or Invest Calculator which shows you the impact of your decision over a ten year period. This Windows®-based freeware may be downloaded from http://wheatworks.com/pdisetup.exe.
Remember, you should always consult your own financial advisor before making important financial decisions.
The Library of Financial Equations at Math4Finance.com has grown this evening with the addition of the formula to calculate the present value of a growing annuity with continuous compounding.
Math4Finance.com is Wheatworks Software’s website for all things related to financial math.
And if you’re curious, here’s the formula:
Learn more at Math4Finance.com.
“Rick, how do you know Wheatworks Software’s financial calculators are accurate?”
Elementary school students are taught the importance of checking and double-checking their math. It’s easy when the problem is “2 + 6″, but how does one double-check the results of an algorithm designed to calculate the modified internal rate of return for a 30 year series of monthly cash flows?
Very tediously …
Here’s how it’s done at Wheatworks:
The initial calculation routine is drafted in pseudocode that lays out the general algorithm for a particular mathematical formula. This pseudocode is then fleshed out into Object Pascal.
A large set of example problems is created with an eye towards covering all the possible variations the algorithm is expected to accomodate. These problems are designed to address positive, negative, zero, and out of range variables.
Each of the problems in the example set is solved using one of my favorite toys/tools… an HP hand held calculator. An assortment is scattered across my desk as I write this post; a 19Bii, a 12C, an 18C, a 10Bii and a 17Bii. (More about these in a later post)
Next the algorithm is tested against the known results of the example set and tweaked until the algorithm’s results match the known results as generated by an HP.
After the algorithm has passed the example set a program is created for the algorithm that reads in a larger set of problems from a test file containing problem sets of variables with their expected results as determined using the HP handheld.
The test program generates an answer for each problem in the test file and exports the problem variables, expected answer and calculated answer to a results file. Calculated answers that differ from a known answer identify errors in the algorithm which is then tweaked until the calculated answers are accurate.
After the testing is completed (no errors are generated) the algorithm is placed in our library of financial algorithms and is available for use in Wheatworks’ financial calculators for Windows and our MoneyToys(tm) calculators for the web.
People enamored by one of our financial calculators will occasionally ask about the mathematical formulas used to calculate the results generated by the calculator they use. We’ve created a resource on our web site that provides the mathematical formulas for some of the more common requests.
Visit our Financial Formulas page at: www.wheatworks.com/formula.htm
Currently, you’ll find the formulas for:
Future Value of Cash Flow Series,
Net Present Value of Cash Flow Series,
Present Worth Cost of Cash Flow Series,
Present Worth Revenue of Cash Flow Series,
Future Value of Single Sum,
Future Value of Annuity,
Future Value of Annuity Due,
Present Value of Single Sum.
If you would like information about a formula that’s not currently listed on our Financial Formulas page, ask us. We’ll be happy to provide it!
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