It can also be of use for basic Dividends and Salary calculations. Includes cells for calculation of income tax calculated at different rates etc. A guideline for financial planning towards retirement or other milestones. You'll also enter typical interest rates, inflation rates, taxation rates, annual savings from salary while working, current cost of living, frequency for car and major white goods purchases and the frequency for major holidays. Your cash worth from your current age up until age 99 is then calculated.
Usual disclaimers apply.
The Series 5 version has two graphs, showing salary and cumulative increase. By giving the basic information such as 'amount of principal', 'interest rate', 'years' and 'the number of payment period per year', it automatically generates two summary tables, one for monthly payments, yearly payments, interest paid and principal paid, and the other for the 'principal changes in each payment period'. By entering the number of periods over which payment has be made, it gives you the information on the number of periods left, the amount of money paid, the amount of interest paid, the amount of principal paid and the amount of principal left. These information is useful if you have to make early repayment of the loan and for taxation purposes. For the latter, you may need to know the amount of interest paid to request for tax exemption.