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Financial Calculator

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  • 1. THE ULTIMATE FINANCIAL CALCULATOR Main Menu Investment Valuation Rates of Return Financial Statements Capital Budgeting Time Value of Money Loans and Leasing Copyright © 1997 KMT Software, Inc. All Rights Reserved. l File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 2. Investment Valuation Basic Bond Valuation Price Earning Multiple Book Value Constant Growth Liquidation Value Click a button above to select a Calculator worksheet. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 3. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 4. Financial Statements Liquidity Analysis Debt Ratios Activity Ratios Profitability Ratios Click a button above to select a Calculator worksheet. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 5. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 6. Time Value of Money PV - Single Amount FV - Single Amount PV - Mixed Stream FV - Annuity PV - Annuity Deposits to a Sum Click a button above to select a Calculator worksheet. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 7. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 8. Rates of Return Rate to Meet a Goal Taxable Equivalent Rate Real Rate of Return Effective Annual Rate Holding Period Return Yield to Maturity After Tax Return Expected Return (CAPM) Click a button above to select a Calculator worksheet. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 9. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 10. Capital Budgeting Net Present Value Annualized Net Present Value Internal Rate of Return Initial Investment Payback Period Click a button above to select a Calculator worksheet. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 11. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 12. Loans and Leasing Car Lease Payment Refinance Calculator Affordable Auto Balloon Payment Loan Simple Interest Loan Bi-Weekly Loan Add-On Interest Loan Home Mortgage Affordability Loan Pay-off Amount Home Eq. Loan Affordability Loan Consolidation Personal Debt Safety Ratio Click a button above to select a Calculator worksheet. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 13. BS01 Basic Bond Valuation Par Value of the Bond $1,000 Years to Maturity 10 Required Rate of Return 12.000% Coupon Rate of Bond 10.000% Payment of interest: Annual Semi-annual Value of the bond is: $887.00 l DESCRIPTION Use this worksheet to determine the value of a bond. If the bond pays interest on a semi-annual basis (twice per year), be sure to select the semi-annual option button. File: financialcalculator-100511204556-phpapp01.xls Copyright © 1997 KMT Software, Inc. Printed: 05/12/2010
  • 14. BS02 Book Value Total Assets $6,000,000 Total Liabilities $4,500,000 Number of Common Shares Outstanding 100,000 The book value per share is: $15.00 l DESCRIPTION Book value per share is the amount per common share that would be received if all the firm's assets are sold for their exact book (accounting) value and if the proceeds remaining after all liabilities (and preferred stock) are satisfied are then divided among the common stockholders. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 15. BS03 Liquidation Value Liquidation Value of Assets $5,250,000 Total Liabilities $4,500,000 Book Value of Preferred Stock $0 Number of Common Shares Outstanding 100,000 The liquidation value per share is: $7.50 l DESCRIPTION The liquidation value per share is the amount per common share that common stockholders will receive upon liquidation (selling off of assets) of the company. The calculation assumes payment of all liabilities and preferred stock. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 16. BS04 Price/Earnings (P/E) Multiple Average P/E Ratio for Firms in the Industry 7.0 Earnings per Share $2.60 The value per share is: $18.20 l DESCRIPTION The price/earnings multiple approach uses an average P/E ratio to find a quick estimate of a company's value per common share of stock. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 17. BS05 Constant Growth Estimated Dividend per Share $1.50 Expected Annual Growth Rate of Dividends 7.00% Investor's Required Rate of Return 15.00% The value per share is: $18.75 l DESCRIPTION The constant growth model assumes that dividends will grow at a constant annual rate. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 18. FS02 Liquidity Analysis and Ratios Net Working Capital Current Assets $1,223,000 Current Liabilities $620,000 The net working capital is: $603,000 Current Ratio Current Assets $1,223,000 Current Liabilities $620,000 The current ratio is: 1.97 Quick Ratio Current Assets $1,223,000 Inventory $289,000 Current Liabilities $620,000 The quick ratio is: 1.51 l DESCRIPTION Liquidity refers to the ease with which a firm can pay its bills. The three basic measures of liquidity are net working capital, the current ratio, and the quick (acid-test) ratio. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 19. FS03 Activity Ratios Inventory Turnover Cost of Goods Sold $2,088,000 Inventory $289,000 The inventory turnover is: 7.22 Average Collection Period Accounts Receivable $503,000 Annual Sales $3,074,000 The average collection period is: 58.91 Fixed Asset Turnover Sales $3,074,000 Net Fixed Assets $2,374,000 The fixed asset turnover is: 1.29 Total Asset Turnover Sales $3,074,000 Total Assets $3,597,000 The total asset turnover is: 0.85 l DESCRIPTION Activity ratios are used to measure the speed at which various accounts are converted into sales or cash. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 20. FS04 Debt Ratios Debt Ratio Total Liabilities $1,643,000 Total Assets $3,597,000 The debt ratio is: 45.7% Debt-equity Ratio Long-term debt $1,023,000 Stockholders' Equity $1,954,000 The debt-equity ratio is: 52.4% Times Interest Earned Earnings Before Interest and Taxes $418,000 Interest Expense $93,000 The times interest earned ratio is: 4.5 Fixed-payment Coverage Ratio Earnings Before Interest and Taxes $418,000 Interest Expense $93,000 Principal Payments $71,000 Lease Payments $35,000 Total Preferred Dividends $10,000 Tax Rate 29% The fixed-payment coverage ratio is: 1.87 l DESCRIPTION The debt ratios measure the degree of indebtedness and the company's ability to pay debts. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 21. FS05 Profitability Ratios Gross Profit Margin Sales $3,074,000 Cost of Goods Sold $2,088,000 The gross profit margin is: 32.1% Operating Profit Margin Operating profit $418,000 Sales $3,074,000 The operating profit margin is: 13.6% Net Profit Margin Net Profits After Taxes $231,000 Sales $3,074,000 The net profit margin is: 7.5% Return on Assets (ROA) Net Profits After Taxes $231,000 Total Assets $3,597,000 The return on assets is: 6.4% Return on Equity (ROE) Net Profits After Taxes $231,000 Stockholders' Equity $1,954,000 The return on equity is: 11.8% Earnings Per Share (EPS) Earnings Available to Common Stockholders' $221,000 Common Shares Outstanding 76,262 The earnings per share are: $2.90 Price/Earnings (P/E) Ratio Market Price per Share of Common Stock $32.25 Earnings Per Share $2.90 The price/earnings ratio is: 11.1 l DESCRIPTION Profitability ratios allow you to evaluate the firm's earnings with respect to a given level of sales, a certain level of assets, the owners' investment, or share value. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 22. TV01 Present Value - Single Amount Future Amount (at the end of n periods) $1,700.00 Number of Periods (n) 8 Interest Rate Per Period (per n periods) 8.00% The present value is: $918.46 Calculating an Interest Rate Future Amount (at the end of n periods) $1,700.00 Present Value $918.46 Number of Periods (n) 8 The interest rate per period is: 8.00% Calculating the Number of Periods Future Amount (at the end of n periods) $1,700.00 Present Value $918.46 Interest Rate Per Period (per n periods) 8.00% The number of periods are: 8 l DESCRIPTION This worksheet allows you to calculate the present value of a single (lump sum) future amount. It also allows you to calculate the interest rate (or discount rate) if you know the present value, future value, and number of periods. A third calculation allows you to calculate the number periods if you know the future value, present value, and rate per period. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 23. TV02 Present Value of a Mixed Stream Periodic Discount Rate 9.00% Cash Period (n) Flow 1 $400 2 $800 3 $500 4 $400 5 $300 6 7 8 9 10 The present value is: $1,904.76 l DESCRIPTION This worksheet allows you to calculate the present value of a mixed stream of cash flows. A mixed stream of cash flows shows no particular pattern. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 24. TV03 Present Value of an Annuity Choose one of the following options: Ordinary Annuity Annuity Due Payment Per Period $700.00 Number of Periods 5 Interest Rate Per Period (per n periods) 8.00% The present value of the annuity is: $2,794.90 Calculating an Interest Rate Payment Per Period $700.00 Present Value $2,794.90 Number of Periods (n) 5 The interest rate per period is: 8.00% Calculating the Number of Periods Payment Per Period $700.00 Present Value $2,794.90 Interest Rate Per Period (per n periods) 8.00% The number of periods is: 5 l DESCRIPTION This worksheet calculates the present value of an annuity. Select the Annuity Due option button if you want to perform calculations assuming that the cash flows occur at the beginning of the period. The Ordinary Annuity assumes cash flows occur at the end of the period. You can use this worksheet to calculate the periodic interest rate when you know the annuity payment, present value of the annuity, and the number of periods. You can also use this worksheet to calculate the number of periods when the annuity payment, present value, and interest rate are known. File: financialcalculator-100511204556-phpapp01.xls Copyright © 1997 KMT Software, Inc. Printed: 05/12/2010
  • 25. TV06 Future Value - Single Amount Compounding Choices (select one): Present Value $100.00 Number of Periods (n) 2 Interest Rate Per Period (per n periods) 8.00% The future value is: $116.64 Calculating an Effective Interest Rate Compounding Frequency (select one): Nominal Interest Rate 8.00% Number of Years 2 The effective rate per period (per n periods) is: 8.24% Calculating the Number of Periods Present Value $100.00 Future Value $116.64 Interest Rate Per Period (per n periods) 8.00% The number of periods is: 2 l DESCRIPTION This template allows you to calculate the future value of a single (lump sum) future amount. It also allows you to calculate the effective interest rate (or discount rate) if you know the nominal interest rate, compounding frequency (per year) and number of years. A third calculation allows you to calculate the number of periods if you know the present value, future value, and rate per period. File: financialcalculator-100511204556-phpapp01.xls Copyright © 1997 KMT Software, Inc. Printed: 05/12/2010
  • 26. TV04 Future Value of an Annuity Choose one of the following options: Ordinary Annuity Annuity Due Payment Per Period $1,000.00 Number of Periods 5 Interest Rate Per Period (per n periods) 7.00% The future value of the annuity is: $5,750.74 Calculating an Interest Rate Payment Per Period $1,000.00 Future Value $5,750.74 Number of Periods (n) 5 The interest rate per period is: 7.00% Calculating the Number of Periods Payment Per Period $1,000.00 Future Value $5,750.74 Interest Rate Per Period (per n periods) 7.00% The number of periods is: 5.00 l DESCRIPTION This worksheet calculates the future value of an annuity. Select the Annuity Due option if you want to assume the cash flows occur at the beginning of the period. The Ordinary Annuity (which is the default) assumes cash flows occur at the end of the period. You can use this worksheet to calculate the periodic interest rate when you know the annuity payment, future value of the annuity, and the number of periods. You can also use this worksheet to calculate the number of periods when the annuity payment, future value, and interest rate are known. File: financialcalculator-100511204556-phpapp01.xls Copyright © 1997 KMT Software, Inc. Printed: 05/12/2010
  • 27. TV05 Deposits to a Sum Select the type of annuity: Ordinary Annuity Annuity Due Amount to be Accumulated $100,000 Number of years 10 Annual Interest Rate 9.00% The periodic deposit is: $6,582.01 l DESCRIPTION This worksheet calculates the deposit per period needed to accumulate some future amount. File: financialcalculator-100511204556-phpapp01.xls Copyright © 1997 KMT Software, Inc. Printed: 05/12/2010
  • 28. RR01 Rate to Meet a Goal Financial Goal $28,000 Number of Years Until Goal Achievement 12 Annual Deposit to Achieve Goal $1,500 Deposit Made at: Beginning of Period End of Period The annual rate of return needed is: 6.63% l DESCRIPTION This calculator computes the annual rate of return needed to achieve a financial goal at some year in the future. File: financialcalculator-100511204556-phpapp01.xls Copyright © 1997 KMT Software, Inc. Printed: 05/12/2010
  • 29. RR02 Real Rate of Return Rate of Return 6.00% Inflation Rate 4.00% Marginal Tax Rate 28.00% The real rate of return is: 0.32% l DESCRIPTION Use this calculator to determine the real rate of return. The real rate of return takes into account both inflation and taxes. It's the rate of return after subtracting the taxes owed on the return and the loss in purchasing power as a result of an increase in the Consumer Price Index (CPI). File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 30. RR03 Holding Period Return Current Income $10.00 Capital Gain (or loss) $8.00 Purchase Price $100.00 The holding period return is: 18.00% l DESCRIPTION This calculator determines the total return earned from holding an investment for a period of time. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 31. RR04 After Tax Return Taxable Return (%) 9% Marginal Tax Rate 15% The after tax return is: 7.65% l DESCRIPTION Use this calculator to determine the after tax return on an investment. The taxable return is the taxable annual yield from the investment while the marginal tax rate is that of the investor. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 32. RR05 Taxable Equivalent Rate Tax Free Return (%) 7.65% Marginal Tax Rate 15.00% The taxable equivalent rate is: 9.00% l DESCRIPTION Use this calculator to convert a tax free rate of return to a taxable one. This is useful when comparing the return of a municipal bond to that of a CD, T-bill, or any other taxable investment. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 33. RR06 Effective Annual Yield on Investment Contract Rate (Nominal Rate) 6% Frequency of Compounding (Choose One): The effective annual yield on investment is: 6.09% l DESCRIPTION Use this calculator to convert the nominal or stated yield of an investment to its actual yield, assuming a particular frequency of compounding. File: financialcalculator-100511204556-phpapp01.xls Copyright © 1997 KMT Software, Inc. Printed: 05/12/2010
  • 34. RR07 Yield to Maturity Current Bond Price $1,040 Par Value of Bond $1,000 Coupon Rate 6.000% Years to Maturity 16 The yield to maturity is: 5.637% l DESCRIPTION Use this calculator to approximate the annual yield for a bond, if held to its maturity date. The calculation takes into account any gain to be realized from a discount and any loss attributed to a premium. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 35. RR08 Expected Return (CAPM) (Capital Asset Pricing Model) Risk Free Rate of Return 7.94% Beta Coefficient 1.21 Return on Market Portfolio 13.30% The expected rate of return is: 14.43% l DESCRIPTION Use this calculation to estimate the expected rate of return on a particular stock (equity) investment. This expected rate of return calculation is based on the Capital Asset Pricing Model. The risk free rate of return is the expected return on a riskless investment -- such as a Treasury Bill. The Beta coefficient is a statistic that is calculated and published for publicly traded stocks and is available from services such as Value Line Investment Survey. The return on the market portfolio is the expected rate of return you could achieve if you invested in the entire stock market. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 36. CB01 Net Present Value Initial Investment $45,000 Discount Rate 10% Years Cash Flows 1 $28,000 2 $12,000 3 $10,000 4 $10,000 5 $10,000 6 7 8 9 10 11 12 13 14 15 The net present value is: $9,931 l DESCRIPTION This worksheet calculates the Net Present Value of an investment. It is designed to work for any investment with up to 15 years of cash flow. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 37. CB02 Internal Rate of Return Years Cash Flows 0 Initial Investment --> ($45,000) 1 $28,000 2 $12,000 3 $10,000 4 $10,000 5 $10,000 6 7 8 9 10 11 12 13 14 15 The internal rate of return is: 21.65% l DESCRIPTION This worksheet calculates the internal rate of return (IRR) of an investment. The initial investment should be entered as a negative number since it is an outflow of cash. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 38. CB03 Payback Period Years Cash Flows 0 Initial Investment --> ($45,000) 1 $1,000 2 $1,000 3 $1,000 4 $1,000 5 $1,000 6 $1,000 7 $40,000 8 $6,000 9 10 11 12 13 14 15 The payback period is: 6.975 l DESCRIPTION This worksheet calculates the payback period. The payback period is the number of periods (usually years) that it takes to recover the initial investment from the operating cash flows. Initial Investment $45,000 1 1,000 1 1,000 1 2 1,000 2 2,000 2 3 1,000 3 3,000 3 4 1,000 4 4,000 4 5 1,000 5 5,000 5 6 1,000 6 6,000 6 7 40,000 7 46,000 7 8 6,000 8 52,000 8 9 - 9 52,000 9 10 - 10 52,000 10 11 - 11 52,000 11 12 - 12 52,000 12 13 - 13 52,000 13 14 - 14 52,000 14 15 - 15 52,000 15 6 This finds the year that is equal to or less than the initial investment 6000 This looks up the amount accumulated for the year above 46000 This is the accumulation for the next year 40000 This is the cash flow for the year in which payback is achieved $39,000 0.98 Payback 6.98 File: financialcalculator-100511204556-phpapp01.xls Copyright © 1997 KMT Software, Inc. Printed: 05/12/2010
  • 39. CB04 Annualized Net Present Value Discount Rate 10.00% Number of years 6 Years Cash Flows 0 Initial Investment enter as negative --> ($85,000) 1 $35,000 2 $30,000 3 $25,000 4 $20,000 5 $15,000 6 $10,000 7 8 9 10 11 12 13 14 15 The net present value is: $17,285 The annualized NPV is: $3,969 l DESCRIPTION This worksheet calculates the Annualized Net Present Value (ANPV). The ANPV makes it possible to compare projects with different life spans by converting the Net Present Value into an amount per year. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 40. CB05 Initial Investment Cost of new asset $380,000 Installation costs $20,000 After-tax proceeds from sale of old asset $280,000 Tax on sale of present machine $84,160 Change in net working $17,000 The initial investment is: $221,160 l DESCRIPTION This worksheet calculates the initial investment -- the relevant cash outflow required at time zero to implement a proposed long-term investment. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 41. LL01 Lease Payment MSRP (sticker price) $20,000 Capitalized Cost (leasing price) $18,500 Cap Cost Reduction (down payment) $1,000 Lease Term (number of months) 24 Residual Factor (percentage of MSRP: see 1) 65.00% Money Factor (converted interest rate: see 2) 0.00329 The depreciation fee is: $187.50 The lease fee is: $100.35 The monthly lease payment is: $287.85 l DESCRIPTION This calculator uses a formula that is utilized by car dealers and leasing companies to calculate a monthly lease payment on a new automobile. (1) Note: Since the residual factor is determined by the leasing company, you should attempt to get the actual value if possible. As a rule of thumb, residual value can be estimated as follows: .65 for 2 years .57 for 3 years .49 for 4 years .41 for 5 years The above factors are conservative estimates for new vehicles with relatively low depreciation rates. (2) Note: Since the Money factor is determined by the leasing company, attempt to get the actual factor. You can estimate it by dividing the current new car loan rate by 2400. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 42. LL02 Affordable Automobile Monthly Payment you can Afford $295 Loan Term (Years) 4 Annual Percentage Rate 8.00% Down Payment $1,500 The price of the car you can afford is: $13,584 l DESCRIPTION Use this calculator to determine the price of an automobile that you can afford. Begin by entering the monthly payment that suits your budget. You may want to consider the rule of thumb that your monthly installment payments should not exceed 15-20% of your monthly take home pay. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 43. LL03 Simple Interest Loan Payment Loan Principal Amount $165,000 Annual Interest Rate 7.50% Loan Period in Years 30 KEY FIGURES The monthly payment is: $1,154 The annual loan payments are: $13,844 The interest over the term of the loan is: $250,332 The sum of all payments is: $415,332 l DESCRIPTION Calculates the monthly loan payment necessary to amortize a simple interest loan and other key loan figures. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 44. LL04 Add-On Interest Payment Loan Principal Amount $5,000 Annual Interest Rate 11.00% Loan Period in Years 4 KEY FIGURES The interest over the term of the loan is: $2,200 The monthly payment is: $150 The sum of all payments is: $7,200 l DESCRIPTION This calculates the monthly payment and key figures for an add-on interest loan. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 45. LL05 Loan Pay-off Amount Monthly Payment $1,182.08 Annual Interest Rate 7.75% Number of Payments Already Made 13 Loan Period in Years 30 The pay-off amount is: $163,426 l DESCRIPTION This calculator helps you determine the amount of principal that remains on a loan so that you can pay off or refinance the loan balance. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 46. LL06 Loan Consolidation Debts to be Paid Off with New Loan: Auto Loans $10,000 Credit Cards $6,000 Home Improvement $3,000 Vacation Loans $5,000 Other Loans $3,000 Annual Interest Rate 7.50% Loan Period in Years 5 The consolidation loan amount is: $27,000 The monthly payment is: $541 l DESCRIPTION Use this calculator to determine the loan needed to consolidate all your consumer loans into one loan and the monthly payment required on that consolidation loan. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 47. LL07 Refinance Calculator New Loan Principal Amount $165,000 Annual Interest Rate 7.50% Loan Period in Years 30 Current Monthly Payment $1,300.00 Points on the Refinance Loan 2 Other Estimated Closing Costs $2,000.00 KEY FIGURES The new monthly payment is: $1,153.70 The monthly savings is: $146.30 The number of months to break-even is: 36 l DESCRIPTION Use this calculator to determine if a refinancing of a mortgage makes sense. The number of months to break-even should be compared to your estimate as to how long you will stay in the house. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 48. LL08 Balloon Payment Loan Principal Amount $165,000 Annual Interest Rate 7.50% Amortization Period in Years 30 Years Till Balloon Payment 5 KEY FIGURES The monthly payment is: $1,153.70 The balloon payment is: $156,118 l DESCRIPTION Use this calculator to compute the monthly payment and final (balloon) payment on a balloon payment loan. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 49. LL09 Bi-Weekly Loan Loan Principal Amount $100,000 Annual Interest Rate 8.00% Loan Period in Years 30 KEY FIGURES The annual loan payments are: $8,801.52 The bi-weekly payments are: $338.52 The interest over the term of the loan is: $164,046 The sum of all payments is: $264,046 l DESCRIPTION Use this calculator to compute a bi-weekly payment loan -- 26 payments per year. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 50. LL10 Home Mortgage Affordability Monthly Take-Home Pay $2,095 Gross Annual Income $30,000 Monthly Property Taxes $100 Monthly Home Owner's Insurance $50 Down Payment $20,000 Term (years) of mortgage 30 Interest Rate 13.00% The affordable mortgage amount is: $52,726 The affordable home cost (35%) is: $72,726 The affordable home cost (2.5 x Income) is: $75,000 l DESCRIPTION This calculator determines the affordable mortgage and home cost under two rules of thumb: 35% rule and 2 1/2 times gross income rule. The 35% rule assumes that the borrower cannot afford monthly housing payments (Mortgage, Insurance, & Taxes) in excess of 35% of monthly net take-home pay. The 2 1/2 times gross income rule assumes that the maximum house you can afford is 2 1/2 times your gross annual income. $110.62 583.25 5.27 52725.57 $72,726 File: financialcalculator-100511204556-phpapp01.xls Copyright © 1997 KMT Software, Inc. Printed: 05/12/2010
  • 51. LL11 Home Equity Loan Affordability Borrower's Gross Monthly Income $4,000 Maximum % of Home Value Bank will Lend 80% Minimum Monthly Payment as a % of Line 1.50% Bank's Total Expenses (Affordability) Ratio 40% Value of Home $175,000 First Mortgage Information: First Mortgage Balance $50,000 Monthly Payment $500 Property Taxes (annual) $2,000 Homeowner's Insurance (annual) $400 Total Total Current Monthly Other Consumer Debts Balances Payments Totals for All Consumer Debts $10,000 $550 The home equity is: $125,000 The credit line (ignoring affordability) is: $90,000 The affordable total monthly payments are: $1,600 The credit line for which you qualify is: $43,333 l DESCRIPTION Use this calculator to determine the home equity loan or line of credit for which you qualify. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010
  • 52. LL12 Personal Debt Safety Ratio Monthly Take-home Pay $3,000 Enter total monthly payments for: Credit Card Payments $100 Education Loan Payments $100 Automobile Loan Payments $200 Automobile Lease Payments $200 Home Equity Loan Payments $250 Other Consumer Loan Payments $30 The personal debt ratio is: 29.33% l DESCRIPTION This calculator determines your personal debt ratio. As a rule of thumb, the total monthly consumer debt payments should not exceed 20% of your monthly take-home pay. File: financialcalculator-100511204556-phpapp01.xls opyright © 1997 KMT Software, Inc. C Printed: 05/12/2010