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- New Features Found in SolveIt! version 4.2
-
- This describes SOME of the NEW FEATURES found in
- version 4.x that were not in version 3.0/3.1.
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- In general there is a new user interface. You can now go back and edit any
- input values prior to the calculation being made. Also, the help system is
- MUCH more detailed. There is a separate help window for each and every
- input. The help system also discusses financial concepts. (The interface
- change was made with 4.0)
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- Where applicable SolveIt! now supports up to 8 payment and 8 compounding
- periods. Payment and compounding can be set separately. Periods supported
- are: Daily, Weekly, BiWeekly, Monthly, Quarterly, Semi-Annually, and
- Annually. (The Interest Due Routine also supports simple interest and
- continuous compounding.)
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- In the loan routines, you can select Payment in Arrears (normal) or Payment
- in Advance (lease).
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- The amortization table supports Normal, Rules-of-78's, U.S. Rule, Interest
- Only and Fixed Principal loans.
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- The table shows totals for the year (either calendar or fiscal) as well as
- totals from the origination date of the loan.
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- The user can set the payment to be any amount. This allows a schedule with a
- balloon payment to be produced.
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- Random extra payments of different amounts can be applied to principal on
- any payment due date.
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- There is a summary window that will summarize the loan to any payment period.
- This summary will show the interest saved as the result of extra payments.
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- There are now schedules for future value, present value and annuity payout.
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- Interest rates may be adjusted on any payment date (loans) or any deposit
- date (Future Value).
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- The deposits amounts can be adjusted in the future value schedule and
- present value of a series.
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- In the annuity withdrawal routine, the withdrawals can be automatically
- increased by an inflation factor. This is appropriate when planning for
- retirement income and you wish to keep the same purchasing power throughout.
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- Schedules can be saved as a text file so that you can later edit the results
- (bold face etc.) or load them into your word processor to include in a report.
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- ****************
- Version 4.2 added the Bond Routines i.e. Yields and Values. These routines
- are unique when compared to other bond calculators in that they allow you to
- optionally factor in taxes and/or inflation.
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- ****************
- Pine Grove Software Toll Free in the US: 800-242-9192
- 23 Flower Hill Drive, Ste 1600 All Areas: 609-730-1430
- Trenton, NJ 08638-1203 FAX: 609-730-1530
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