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.
This review was originally posted on VersionTracker.com.<br />Very handy calculator. It's not a big bloated app that does things you don't need. It is well suited for quick calculations and helping you fill in spreadsheets without a bunch of overhead that gets in the way of actually working on your family budget.
Providing freeware apps like this one is a great service to Mac users and I greatly appreciate it.
Very nice.
VersionTrackerUserOpinion
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This review was originally posted on VersionTracker.com.<br />Very handy calculator. It's not a big bloated app that does things you don't need. It is well suited for quick calculations and helping you fill in spreadsheets without a bunch of overhead that gets in the way of actually working on your family budget.
Providing freeware apps like this one is a great service to Mac users and I greatly appreciate it.
This is a must have app!
Axlrod
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This review was originally posted on VersionTracker.com.<br />Having recently bought a house I can say that this program brought great clarity to the whole process of what the mortgage adjustments actually mean.
This should be in everyone's toolkit of utilities that makes their mac useful for solving every day problems and helping make life easy and understandable.
Of course I am related to the author...but I try and not let that color my opinion of this great little utility. ;-)
Works fine!
bladerun
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This review was originally posted on VersionTracker.com.<br />It works fine. I would appreciate a localization
Fantastic... recommended feature addition
davecowen
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This review was originally posted on VersionTracker.com.<br />this software is both simple to use and fantastic to work with. My one feature I would add is the ability to add points into the calculations for loans and investments. Other than that, this is perfect!
Works great, does what it says.
Brian Hawthorne
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This review was originally posted on VersionTracker.com.<br />Most of the time when I want to do calculations, I want to do a few basic things. This program does nearly all of them, and it is free.
Well done.