iPhone, iPod touch, and iPad Apps Search Engine
iPhone Apps Users Community
Advanced search | Example: action games
iPhone apps

TVM Loan/Savings Calculator

TVM Loan/Savings Calculator
  • #: 135655
  • Price: free ($0.00) In Apple Store
  • Category: Finance
  • Updated: 2010-11-24
  • Current Version: 1.1
  • 1.1
  • Size: 0.10 MB
  • Language: English
  • Seller: Prenap
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 4.1 or later.
  • © 2010 Prenap
  •  Add to Favorite apps

 

Description

Time Value of Money Loan/Savings Calculator is a great tool to calculate loan and savings information. You can use it to calculate the payment of a loan. You can also use it to calculate the amount in savings after a specified number of deposits. It can tell you how much faster a loan will be paid off if you add just a little bit more to each payment. The app works by the user entering all the known variables and tapping the solve button next to the value you are interested in.

The screenshots show the functionality of the app.

The first screenshot shows a 30 year loan at 5% interest. The present value is 100, 000. What is the payment if you want it to be payed off at the end of the 30 years? You enter 360 for the number of payments because 12 months x 30 years = 360 payments. Enter the other values and tap solve next to the payment. The app calculates your payment to be 536.82. The value is negative because it is reducing the present value over time.

The next screenshot shows you how to calculate how much faster the loan will be payed off if you add a little more to each payment. If an extra 100 is added to the previous example the app calculates that the loan will be paid off in 256 payments. That is a difference of 104 months or 8 years and 8 months. Thus you have changed a 30 year loan into a 21 year 4 month loan just by adding 100 to each payment.

The next screenshot takes the same loan and demonstrates how getting a better interest rate can lower your monthly payments.

The next screenshot shows how much you would save if you deposited 1000 monthly into an account that earned 5% over 30 years. Again enter 360 for the number of payments. Present value is 0 because we are starting with nothing in the account. The deposit is positive because we are adding to the present value. Click the solve button next to the future value. The app calculates that you will have accumulated 832, 258.64 after those 30 years. That is not too bad in savings. You can change the interest to 6% and hit the solve again to see how the interest rate affects the future value. You can also change the present value to whatever you have saved right now and see what impact that has on the future value.

The last screenshot shows the help tab explaining each value of the calculator.

This app is very similar to the TVM on the TI-83 but with a few improvements. It is a very handy tool when buying a house or anything you are financing. It is also a vary handy tool when calculating a savings plan.

Thanks for downloading this app.

iPhone Screenshots

TVM Loan/Savings Calculator iPhone Screenshot 1
TVM Loan/Savings Calculator iPhone Screenshot 2

Video Reviews

No video review.

Customer reviews

Write a Review

Be the first to review this app. Write a Review

Forum

Ask a question

Be the first question this app.

Users Community

+ Connect to community


The information may be outdated (2011-04-15 14:44:16). For actual information go to iTunes

Related to «TVM Loan/Savings Calculator» applications

TVM Loan Calculator

TVM Loan Calculator

Featured in the 'New & Noteworthy' sectionTVM Loan Calculator is the most powerful and comprehensive loan calculator in the App StoreCalculate the amount of your loan payments, the number of loan payments, the total interest paid, and the total paid for the entire loan. You can… more

Price: $0.99 | Category: Finance
TVM Savings Calculator

TVM Savings Calculator

Featured in the 'New & Noteworthy' sectionTVM Savings Calculator is the most powerful and comprehensive savings calculator in the App Store Learn how much money you will earn by saving weekly, monthly, quarterly, or annually. Calculations happen "on-the-fly" so you… more

Price: $0.99 | Category: Finance
My Loans - Special Loan/Mortgage Calculator

My Loans - Special Loan/Mortgage Calculator

Do you need to calculate new loan or mortgage costs ?This application is very simple and easy to use.Just, You need to enter parameters than click to calculate button. You could save all entered informations in this application and retrieve them when you need it.Also, You could send your loans… more

Price: $0.99 | Category: Reference
Savings & Deposits - Savings Accounts and Saving Calculators

Savings & Deposits - Savings Accounts and Saving Calculators

How fast will your savings grow?If you are saving in cash or you have savings accounts Saving & Deposits is for youUseful, easy to use savings calculators, tracking your savings accounts and moreUse savings calculators to see how a consistent approach to investing can make your money… more

Price: $0.99 | Category: Finance
Car Money - a simple loan payment calculator on the go!

Car Money - a simple loan payment calculator on the go!

Sitting in the deal room getting a little hot under the collar while your sales person is off talking to the manager? grab this and run some of your own numbersquick, simple, easy, not a lot of fuss, just the stuff you need to know where you stand. more

Price: free | Category: Finance
Home Loan Payment Calculator

Home Loan Payment Calculator

The Antasti Home Loan Repayment Calculator is a very easy to use application which provides a very quick guide as to what your monthly mortgage replayments would be for a given loan amount, loan term and interest rate.Very handy if you're in the market for a new house and are trying to work out… more

Price: free | Category: Finance
Loan Amortization Calculator

Loan Amortization Calculator

Calculate your monthly payment for loans and mortgages.Calculate the total amount payable, and total interest you will incur for a loan.Calculate the 'Interest Only' repayment amount.Calculate the effect of making additional monthly overpayments on your loan.See how much savings you can… more

Price: $0.99 | Category: Finance
Loan Interest Calculator

Loan Interest Calculator

The Loan Interest Calculator is a basic little app that allows you to calculate the lifespan of a loan, and the amount of interest that will be paid on a load based on the total amount of the loan, the interest rate of that loan, the repayment amount, and the frequency with which those repayments… more

Price: $0.99 | Category: Finance
Loan Pro Calculator

Loan Pro Calculator

Now you can calculate your annuities and interest for almost any country in the world with Loan Pro Calculator. This amortization schedule calculator makes working out your linear or compound annuity interest fast and easy. It even handles equal, principal and bullet payments; grace periods and more… more

Price: $4.99 | Category: Finance

View all related to: TVM Loan/Savings Calculator applications



Mobile Version
iApps4you.com - is iPhone, iPod touch, and iPad apps search engine and not been authorized, sponsored or approved by Apple Inc.
Copyright © 2017 iApps4you.com.
73 ms.