Financial Solutions 4+

• Free

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

This app has been updated by Apple to display the Apple Watch app icon.

Update to the latest iOS version.

Ratings and Reviews

5.0 out of 5
2 Ratings

2 Ratings

Amos Z. Z ,

Simple and consistent

The app has been reliable, it simple and the use is consistent. The developer has continued to maintains their app for years. Which is great

Hustonj90 ,

Nice app

Ghjkl56 ,

Missed Opportunity

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.

App Privacy

The developer, Dana Devoe, has not provided details about its privacy practices and handling of data to Apple.

No Details Provided

The developer will be required to provide privacy details when they submit their next app update.