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- F I N A N C I A L C A L C U L A T O R
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- by Barbara H. Schulak
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- FENDER'S NOTE: Both FINANCIAL CALCULATOR and MASTERCALC tackle the financial
- problems encountered when borrowing or loaning money, but they approach them
- from different angles. Try them both out and see which one appeals to your
- sensibilities and tastes. FINANCIAL CALCULATOR describes very clearly in
- the program what data you are expected to enter and what will be solved for.
- If you are a relative newcomer to the wonderful world of high finance,
- Barbara's concise descriptions of what you would use a particular formula
- for may make FINANCIAL CALCULATOR your preferred choice.
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- FINANCIAL CALCULATOR will allow you to calculate the answers to many
- everyday questions regarding savings and loans. Eleven financial
- calculations are included.
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- For example, if you are buying a car or home, use Monthly Payment to
- figure how much you will be paying per month based on the cost, interest
- rate and length of your new loan. Or if you need to save a certain amount
- of money in a specified time period like for your child's college education,
- use Future Sum to determine how much money to save each month to reach this
- goal. Want to see the effects of increasing your monthly mortgage payment?
- Use Accelerated payments to see how many years you can reduce your loan by
- and also save interest money at the same time. You'll be surprised. Or
- perhaps you would like to see how an investment is doing? Select Interest
- Rate to calculate your ROI.
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- To use the program, simply use the UP/DOWN cursor keys to highlight the
- menu selections. As you do this, you will see a capsule summary of each
- financial calculation. Press RETURN to select. Then enter the data as
- required. After the calculation is performed you may redo the calculation
- using different figures, print out the information or return to the menu.
- In the case of Amortization, you may also see the next year of the loan.
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- The data entry is as easy as can be. Just enter a number (with decimal
- point) and press RETURN. Any previous amount in the field is displayed to
- the right of the entry field.
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- Computers and finances go hand in hand. LOADSTAR hopes that the two
- financial programs on this issue help you better understand this complicated
- field.
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- BHS
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