12月9日的Finance Calculator Plus应用程序分析

Finance Calculator Plus brings together three essential financial tools to help you plan, calculate, and stay on top of your money. Whether you’re saving for the future, investing in bonds, or planning a mortgage, this app makes the math simple. Included Calculators: • Millionaire Calculator Find out how long it will take you to reach your first million! Enter your savings, monthly deposits, rate of return, and age to see how your wealth can grow over time. • Bond Yield Calculator Easily calculate the current yield and yield to maturity (YTM) of a bond. Understand how coupon rates, bond prices, and years to maturity affect your return—perfect for investors who want clarity. • Mortgage Calculator Plan your home loan payments with ease. Just enter your loan amount, term, and interest rate to calculate monthly repayments. See how much goes toward interest vs. equity over time. Why you'll love it: Simple, instant calculations Clear formulas included for reference Great for personal finance, students, and professionals alike • Millionaire Calculator Calculate when you will become a millionaire. Use this calculator to see what it takes to reach a million dollars and reach your goal to be a millionaire. Factors include your current saving, monthly deposits, rate of return and current age. • Bond Yield Calculator Calculate the current yield and yield to maturity on a bond. * A bond's yield to maturity (YTM) is the internal rate of return required for the present value of all the future cash flows of the bond (face value and coupon payments) to equal the current bond price. YTM assumes that all coupon payments are reinvested at a yield equal to the YTM and that the bond is held to maturity. Formula: Current Bond Yield = BPV / CBP * CR Bond Yield to Maturity formula: Bond Yield to Maturity = ([BPV * (CR / 100)] + [(BPV - CBP) / YUM]) / [(CBP + BPV) / 2] * 100 Where: BPV - Bond Par Value CBP - Current Bond Price CR - Coupon Rate YUM - Years Until Maturity If YTM is greater than the current yield, which in turn is greater than the coupon rate. This will always be true for a bond selling at a discount. In fact, you will always have this: Bond Selling At Satisfies This Condition [Discount] Coupon Rate less than Current Yield less than YTM [Premium] Coupon Rate more than Current Yield more than YTM [Par Value] Coupon Rate equal Current Yield equal YTM • Mortgage Calculator Simply enter the amount you wish to borrow, the term over which you intend to pay it off and the interest rate. * A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise funds to buy real estate You can think of a mortgage as either building up equity or paying off debt. Although the payments are all equal, equity doesn't build up at a constant rate: that's because at the beginning the debt is still high, so most of the payments are paying interest; toward the end, the remaining debt is small so very little of the payment goes toward interest. Mortgage Formula: M = [ L(1 + r)^Y x r ] / [ (1 + r)^Y - 1 ] M - Monthly repayment Y - Years L - Initial loan amount r - Loan interest rate Mortgage Example: If you take out a 20 year mortgage for $100,000 at 5% interest, and to calculate the monthly payments. Just divide the interest rate by 12 to get (.05/12) = .004166; and multiply 20 x 12 = 240 to get the number of payments. Then fill up the formula gives you: Monthly payment = [$100,000(1 + .004166)^240 x .004166] / [(1 + .004166)^240 - 1] = $659 Take control of your financial future - whether you’re aiming for millionaire status, analyzing investments, or planning your dream home. Thanks for your support! Visit nitrio.com for more great apps for your iOS devices.