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FAMILY SAVINGS FORECASTER 1.0 |
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| Category(s): | Business & Finance > Personal Finance
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| Summary: | FAMILY SAVINGS FORECASTER (FSF), by FAMware, assists you with formulating a savings plan. Enter a single sum and let it grow to a future value, or, enter a monthly amount and watch your balance accumulate over time. Plan for retirement. Produces a savings forecast schedule based on the Interest Rate, Number of Months, Target Balance, and Monthly Amount. |
| | | | Publisher: | FAMware,Computer Software for the Family |
| | | | Platform(s): | Win95,Win98,WinME,WinNT 3.x,WinNT 4.x,Windows2000,WinXP,Windows2003,Windows Vista Starter,Windows Vista Home Basic,Windows Vista Home Premium,Windows Vista Business,Windows Vista Enterprise,Windows Vista Ultimate,Windows Vista Home Basic x64,Windows Vista Home Premium x64,Windows Vista Business x64,Windows Vista Enterprise x64,Windows Vista Ultimate x64 |
| | | | Requirements: | Intel Pentium II 350MHz or above, or any Athlon.64 MB RAM or above. |
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| Language: | | File size: | 0 KB |
| | | | | | Our Rating: |  | Cost: | $ 14.95 |
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Description | | |
FAMILY SAVINGS FORECASTER (FSF), by FAMware, assists you with formulating a savings plan. Enter a single sum and let it grow to a future value, or, enter a monthly amount and watch your balance accumulate over time. Plan for retirement. Produces a savings forecast schedule based on the Interest Rate, Number of Months, Target Balance, and Monthly Amount. Allows you to set up an annual increase in your monthly savings amount, or, a one-time annual extra payment. Simple to use, flexible, a useful tool ! Requires: Windows 95,98,ME,NT,or 00. Example Savings Scenarios: Saving A Single Sum Suppose you have 1000 dollars and you decide to use it to purchase a Certificate of Deposit (a "CD") that matures in three years, with a yield of 9 percent. Interest in the CD is paid quarterly. How much will you have at the end of the three years?
Saving An Amount Each Month Simple Monthly Savings Scenario Suppose you are trying to save for a dirt bike that costs $2400. Based on your job, and expenses, you think you can save about $140 a month for the bike. Let's assume you set up an automatic monthly deduction from your pay check into a money market savings program offered by your employer, that pays 8 percent interest. How long will it take to save $2400?
Using A Calculated Monthly Payment Suppose you want to send your daughter on a trip to Europe in the spring (say 9 months from now). You have to have $4000 saved by then. Let's assume you have a mutual fund that has been paying about 13% on average. How much will you need to put into the fund each month to accumulate the $4000 by the end of the 9 months? 
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Keywords | | |
| Saving Single Sum , Simple Monthly Savings Scenario , Using Calculated Monthly Payment , FAMILY SAVINGS FORECASTER , Saving Amount Each Month , Savings Manager , Manage Savings | | | |
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