Deposit calculations Now Available
While lending calculations have certainly been our bread and butter, our
mathematical experience extends into many different areas of your financial
institution’s needs. In the past, we provided deposit calculations for some of
our customers on a custom basis. Now, in response to requests from some clients,
we have added deposit calculations to the WinLoan family of software.
WinLoan-32 and the Sherman Calculation
Engine now offer IRA and CD calculations. Take a look at some
of the specifications below. Of course a wide array of compounding frequencies
and interest accrual methods are available in these calculations.
IRA Calculations
For an IRA, you can now…
- Compute your retirement income given a specific periodic deposit amount.
- Compute the periodic deposit necessary to produce a future value.
- Compute the periodic deposit necessary to produce future income.
CD Calculations:
For a CD, you can now…
- Compute the future value given a present value.
- Compute the present value required to produce a specified future value.
- Compute the interest rate necessary to produce a desired future value for a given present value.
- Compute a term necessary to produce a specified future value for a given present value.
For more information about our new Deposit Calculations or any of our loan quotation tools, please contact us.