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Financial Solutions

Financial Solutions by Devoe Technologies, LLC

Financial Solutions by Devoe Technologies, LLC

Financial Solutions

by Dana Devoe
Financial Solutions
Financial Solutions
Financial Solutions

What is it about?

Financial Solutions by Devoe Technologies, LLC

Financial Solutions

App Details

Version
1.3
Rating
NA
Size
5Mb
Genre
Finance Business
Last updated
May 22, 2017
Release date
December 9, 2010
More info

App Store Description

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

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