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1992-08-15
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Known Bugs:
At this time (08/15/92) there are no known bugs in SolveIt!.
{******************}
ADDITIONS/CORRECTIONS TO THE 4.1 USER'S GUIDE
8/11/92
PAGE 2 Installing SolveIt!
Ignor ALL directions for installing SolveIt! found in the manual.
Rather, read the updated instructions found in README.COM.
3/22/91
(page numbers will vary slightly between printed manual and on disk manual)
PAGE 21 (A MORE DETAILED EXPLAINATION)
"FINANCE:Annuity Payout or Time to Withdrawal"
Ver 4.23 corrects a problem (bug!) that was discovered in earlier
versions. In the past, the "BALANCE IS STILL GROWING" message would be
displayed if the interest for the first period was greater than the initial
amount withdrawn. The problem was, that this algorithm did not allow for the
effects of inflation. That is, while the initial withdrawal may have been
less than the interest earned in the first period, it would be quite
possible that due to an increase in the withdrawal amount to offset the
effects of inflation, that the balance would not be growing in later
periods.
In version 4.23 and beyond, you will only see the "BALANCE IS STILL
GROWING" message if the amount left in the annuity is greater on the 480th
period than it is on the 479th period.
We suggest that you examine a "TIME TO WITHDRAWAL SCHEDULE" for more
details. (Us the <Alt><S> key combination to send the schedule to a file,
the printer or the screen.)
PAGE 88
"At this point, while he is on the..."
The manual is not clear about how the copy feature is used. Mr.
Smart must copy the extra payments from period 1 to period 156. This may
require you to change the value in the Copy From field.
"To summarize the details of the savings..."
You must press <S> NOT <F10> as the manual says. Also, to get an
accurate answer with regards to the total dollar amount of the extra
payments. You must enter the Extra Payment/Deposit window and zero out all
of the extra payments that were made AFTER period 156.
PAGE 101 (MORE DETAILED EXPLAINATION)
"Out-of-Range"
Specifically with regards to the TIME TO WITHDRAWAL routine, the
"Out-of-Range" message may also indicate that the duration of the annuity
exceeds 480 periods. (The other case when you will see this message is when
the amount returned exceeds $99,999,999.) You may print or save an ANNUITY
SCHEDULE if you want details beyond the 480th period.