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.
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.
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.