FinancesOSX

FinancesOSX calculates the value of any of five separate parameters for Loans, Investments, Deposits, Withdrawals and Inflation, when given values for the remaining four parameters. An amortization table is provided for loans.

Loans are conventional installment loans with an initial loan amount to be paid back in regular payments over a fixed period of years at a specific interest rate.

Investments are an initial lump sum that grows over a period of years at a fixed rate, such as investing the proceeds from an inheritance or winning the lottery.

Deposits are regular periodic deposits of a fixed amount into an account that grows at a constant rate over a fixed number of years, such as an investment club or a regular savings plan.

Withdrawals are regular periodic withdrawals from an initial single investment at a fixed growth rate, until the account is totally depleted. This helps answer the question 'How long will my life-long savings last after I retire?'

Inflation shows the effect of inflation on the purchasing power of a future $ amount in today's $ after a number of years at an estimated annual inflation rate. This provides some perspectives on the question 'What lifestyle will my accumulated savings support at some point in the future?' by bringing the future $ amount back to today's equivalent $ in the context of today's prices.

What is new in this release:

• Changed the amortization table format to tab-separated columns for better compatibility with other documents (e.g., spreadsheets).
• Clarified error messages to indicate which entry may be responsible for the problem.
• Revised the Loans:Rate, Investments:Compoundings/Yr, Deposits:Deposits/Yr, Deposits:Rate, Withdrawals:rate and Inflation:Compoundings/Yr calculations to improve accuracy and expand the range of acceptable values.
• Added a preference option for the amortization table calculation/display. Extremely large numbers of total payments (payments/yr times # years) can take a minute or more to calculate and display.
• Added a preference to modify the currency indicator. The default is "$"; any one, two or three character symbol is acceptable.
• Improved the layout and consistency of the user interface and the Help file.
• Version 2.3a fixes the startup problem some users had with the withdrawn version 2.3.

Requirements:

FinancesOSX 2.3a has been tested on Mac OS X 10.4.9 (both Intel and PPC).