Down load the
Financial Calculator 4.33meg --- 2006.9.9 updated to
allow use of alternate country number settings as selected on Window's Control
Panel Regional Settings.

The 2006 FREE
Financial Calculator is the result of my own frustration in finding
tools to aid in analyzing lenders. I learned a couple of things about
how mortgage lenders calculate the payments and interest due. I have
exposed all the formulas and details to you.

The download installs
a complete working version of the calculator without any spyware or
viruses. Technical support is not available for this free offering.

Down load the Financial Calculator 4.33meg

Down Load the Financial Calculator Source Code. 117
kilobytes

Send Comments
about using the Financial Calculator.

The program and
source code are provided free of charge to anyone interested. The source
code is designed using the Microsoft Visual Basic 6 compiler. The free
controls that come with Visual Basic 6 are used so that you do not need
to buy anything. You may also find the code useful for first year VB
programming classes. This source code is NOT designed to be used
with VB Net. If you upgrade the code to VB Net and
are willing to share, please let me know and I will post it here. I
do plan to upgrade code to NET at some point in time.

You do not need
to know anything about programming to use the financial calculator.
The formulas used within the program are all detailed in help messages.
You do need a basic understanding of interest problems. Can someone
please explain why Mortgage companies can legally charge more than the
advertised rate of interest? It has to do with I/12 and I^1/12. Why
is this legal? An excellent book on the subject of interest calculation
problems is the newer version of my college text book: Economic
Decision Analysis by W.J. Fabrycky & G.J. Thuesen (c)1997

Are your mortgage payments being
recorded accurately?

Users can track
mortgage payments and pay additional principle using this tool. I always
wanted to be able to insure that my payments were recorded accurately.
When is the best time to pay your mortgage? As I start a new refinanced
mortgage, I am going to be on it like white on rice. I am not sure that
it will make a bit of difference, but I will let you know. The tool
calculates the interest based on the payment date. Now I want to do
it for my credit cards, too!! Update: So far, the mortgage company is
recording the payments early and saving me interest. No I am not going
to tell them.

This has worked
out very well for my mortgage... no longer am I wondering if the calculation
is correct. I caught two mistakes in their calculations so far. They don't
like being corrected, but it gives me pleasure.

Present
/ Future Value Problems

How
much needs to be saved in a single amount or equal payments to realize
a certain amount? The calculator is capable of computing present / future
value and equal payment interest problems. The items in the red text
are required and only one of the remaining black items. The remaining
item(s) will be calculated.

All the formulas
and methods are revealed to the user by clicking on the Question buttons.

Gradient
Series Problems

An
example of a gradient problem would be: What single series amount is
the equivalent amount of an increasing series of payments? for example:
25, 50, 75, 100, 125..(12 periods @ 5%).. that would be 123.05 for 12
payments.

The lower half of
this form allows the user to input a yearly interest rate and calculate
the equivalent monthly interest rate using one of two methods on the
left side.

Updated March 24,
2006 - Copyright 2000-2006 CorVet Systems, Inc. All Rights Reserved
- Patents Pending