Actuarial Calculator
Objective
This function was added to allow the user to look at various what if scenarios for saving money.
How to Use
Enter the Amount of Annuity Amount you want this program to compute. Then activate the appropriate Command button based on the computation you desire to see:
Future Value of Amount Button - this computation shows the final values of an amount you deposit as a lump sum, and then just let it accumulate interest. Since this is based on a lump sum deposit, the number of Payments per year - enter number of times interest would be added to your account by the financial institution.
Future Value of Annuity Button - this computation shows the Annuity or amount an account will be worth later. That is, if you want to know how large a lump sum is needed to be put in an amount now to achieve the desired amount in the future. The number of Payments per year - refers to how many times you will deposit the amount specified during the year.
Present Value of Amount Button - this computation shows the final value of an annuity. You enter the amount you would like to have at the end of a specified period of time. The Present value it the sum to put in savings now at a given percentage rate and number of interest payments per year, to achieve the amount desired.
Present Value of Annuity Button - this computation shows the end amount you need in a regular annuity (savings deposit) now to receive a regular payment amount as specified by your entries.
Special Options
Edit - Copy: To use this command, first use the mouse, place arrow over first grid entry desired and while pressing left mouse key move to last grid entry. This will highlight the entries to copy from the grid. Then select the Edit and then Copy action, which will place the data in the Window's Clipboard to paste in your word processor, etc.
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