The Value of Money

The Value of Money is a suite of financial tools to enable you to make good decisions about your money. Here are its features: General Equivalence Home Mortgage Loan Auto Loan Lease Credit Card Debt General Amortized Loan Bonds Depreciation Investment Rate of Return The General Equivalence option allows the user to solve for relationships Between time and Interest rate given a selection of different combinations of variables; Present Value, Future Value, and Payment Amount. Also, Linear Gradient and Geometric Gradient values are available for more Complex solutions. The Home Mortgage Loan option allows the user to find the payment amount per interest period given the Home Price Minus the Down Payment, which is considered to be the principal of the loan. Different loan types to calculate monthly payment include several Adjustable Rate Mortgage (ARM) terms and the traditional fixed rate method. An amortization table is created and can be saved for future reference. The Auto Loan option works in a similar manner to the Home Mortgage Loan option by creating an amortization table based on loan term and interest rate. By selecting the Loan vs. Lease option under the View menu selection at the top, the Present Value of the lease terms can be compared to that of an Auto Loan