Calculate Loan, Lease, Savings, APR/APY and Appreciation in one application. Buy and Save on Loan and Lease decisions.
Weekly/Bi-Weekly/Monthly/Quarterly/Semiyearly and Yearly payments. Amortization can regenerated based on Accelerated (Fast) Weekly or Bi-Weekly payments. Payment to principal (Extra Payment) also can be included and generate updated Amortization schedule.
Calculate the no of payments (term) for the given Loan Amount and Payment amount.
Calculate Loan Amount:
Calculate the Amount can be borrowed for the given Payment Amount and Term.
Multiple loan scenarios can be saved and compared side by side.
Calculate monthly Lease payment and compare multiple saved Lease scenarios. View payments broken down to Sales/Usage tax, Lease Fee, Depreciation Fee, Money Factor etc.
Calculate value of current savings in future. Accepts initial deposit amount, Term Deposit (periodic deposit) and Term.
Calculate required Term Deposit to reach the Savings Goal.
Calculate Initial Deposit required to reach the Goal.
Calculate Present Value of Future Value and Annuities.
Except Present Value all other calculations can be compared with one another. Interest compounding frequency, Term deposit Interval (Period), Annuities (Term Deposit) is end of term or beginning of term can be changed. Tax rate can be calculated in all of the savings calculations. This way you can see the effect of Tax on your savings.
Calculate APR / APY for the given APY / APR and Interest Rate Compound frequency.
not tested on WM5, feedback is appreciated