Screenshots

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

What's New

Version 1.3

Update to the latest iOS version.

Ratings and Reviews

Missed Opportunity

Ghjkl56

This could be a good app if it offered NPV (Net Present Value), SIR (Savings to Investment Ratio) and AIRR (Adjusted Internal Rate of Return) calculations. As is, it's not worth $0.99; with the above calculations added, it would be worth $1.99.

Nice

Hustonj90

Nice app

Information

Seller
Dana Devoe
Size
5.9 MB
Category
Finance
Compatibility
Requires iOS 9.1 or later. Compatible with iPhone, iPad, and iPod touch.
Languages
English
Age Rating
Rated 4+
Copyright
© 2010 Dana L. DeVoe
Price
Free

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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