Time Value of Money Calculator

Sleek and Functional, But Lacking Payment Amount
03/16/2018

Engineering Economist
The interface is nice and simple, and it looks great! The app is functionally smooth. The reason I gave 2 stars is because a true Time Value of Money calculation factors in Payment Amount, which this app does not do.My recommendations:1. Add Payment Amount function2. Allow for negative values (i.e. borrowed money = positive Present Value; money lent out = negative Present Value; payments made to a loan = negative Payment Amount; payments received to money lent to another = positive Payment Amount).
Sleek and Functional, But Lacking Payment Amount
03/16/2018

Engineering Economist

The interface is nice and simple, and it looks great! The app is functionally smooth. The reason I gave 2 stars is because a true Time Value of Money calculation factors in Payment Amount, which this app does not do.My recommendations:1. Add Payment Amount function2. Allow for negative values (i.e. borrowed money = positive Present Value; money lent out = negative Present Value; payments made to a loan = negative Payment Amount; payments received to money lent to another = positive Payment Amount).
Quick tool but cant find one thing
07/10/2020

Baldllama93
Is there a function to solve for the number of periods? I cant seem to find it
Quick tool but cant find one thing
07/10/2020

Baldllama93

Is there a function to solve for the number of periods? I cant seem to find it
Great idea 4 an App
12/13/2018

n6mgw
I like the concept of a present value calculator. But I don’t find this app intuitive. It has been 50 years since college so I might be rusty on what to expect. I found this app difficult to learn and not very useful.
Great idea 4 an App
12/13/2018

n6mgw

I like the concept of a present value calculator. But I don’t find this app intuitive. It has been 50 years since college so I might be rusty on what to expect. I found this app difficult to learn and not very useful.
TVM calculator
09/03/2018

chousevb
I do not understand the last 3 options regarding period (number of periods, compounding period, payments per period). There is no help feature on this app to explain the different options.

Developer Response
Typically the interest rate is noted on annual basis i.e. per Year (Rate for Period in this app) over a specified term (Number of Periods in this app). If interest is compounded yearly, then Compounding Times per Period (in this app) = 1, if semi-annually, then it = 2, quarterly, then = 4, monthly, then = 12, and so forth. There are also different options for payments as you can pay monthly, semi-monthly i.e. 12, 24 Payments per Period etc.For flexibility's sake the interest rate in this app can be expressed not only as annual (Period can be a month for example), all other variables should be adjusted accordingly.
TVM calculator
09/03/2018

chousevb

I do not understand the last 3 options regarding period (number of periods, compounding period, payments per period). There is no help feature on this app to explain the different options.
Developer Response 09/12/2018
Typically the interest rate is noted on annual basis i.e. per Year (Rate for Period in this app) over a specified term (Number of Periods in this app). If interest is compounded yearly, then Compounding Times per Period (in this app) = 1, if semi-annually, then it = 2, quarterly, then = 4, monthly, then = 12, and so forth. There are also different options for payments as you can pay monthly, semi-monthly i.e. 12, 24 Payments per Period etc.For flexibility's sake the interest rate in this app can be expressed not only as annual (Period can be a month for example), all other variables should be adjusted accordingly.