Copyright: Professional Real Estate Systems, 1994, 1995


T_222035560001
Finance Coach Version 1.1

Welcome to Finance Coach 1.1 by Professional Real Estate Systems, makers of ForeSight.

Finance Coach solves for the following financial equations:

·	Term

·	Rate

·	Present Value

·	Payment

·	Future Value

Click on an area of the calculator for help with a specific topic:

Here's what to do:

1)	Select one of the five financial function radio buttons located under the 'Solve For' label.

2)	Enter the four remaining values, the answer is automatically calculated and placed in the fifth field (the 'Solve For' field).

3)	Enter notes regarding these calculations in the 'Notes' field at the bottom of the field.

4)	You may want to save all values and notes by clicking one of the 'Mem x' buttons.  These values may be recalled later by clicking the corresponding 'Rcl x' button.


About

Thank you...

for trying the Finance Coach Version 1.1.  This is a small component of a much larger application called ForeSight.  To learn more about this outstanding financial program, click the ForeSight label or button located on the top button bar.

This is an unregistered copy!

If you like Finance Coach please register it.  The cost is only $15 and you will receive a copy without the boot-up About screen.  You will also recieve updates and notices regarding other financial applications.  You will also automatically receive other shareware (financial applications) automatically.  There are three ways to register, first click here to complete the attached registration form, register.wri.  Then:

With a credit card, email or phone in to:

♠	Phone:  800-621-6162

♠	Fax to:  310-328-6162

♠	Compuserve:  70650,2511

♠	AmericaOnline:  ForeSight1

♠	Internet:  rap1@ixnetcom.com

or with check or money order mail to:

Professional Real Estate Systems

2015 Plaza Del Amo

Box B

Torrance,  CA 90501

If you would like to add comments or enhancement requests, send please send them along to one of the addresses above!

P.S.  We are currently submitting Finance Coach to Compuserve Shareware Registration forum making it possible to register there (go swreg).  This should be available by 3/15/95.

Click here to read valuable Copyright information!


ForeSight


Term

This will return the number of periods for a loan or investment.

Term Example


Term Example

Suppose you need to save $5,000 by depositing $75 a month.  Your bank pays 8.75%.  This formula will tell you how many months it will take:

Solvefor=	Term

Rate=	.7292  (8.750% divided by 12)

PresentValue=	0

Payment=	-75 (enter as negative to indicate outflow)

FutureValue=	5000

Term will return 55.  This means that in a little less than 55 months you can save this amount.


Rate

This will return the periodic interest rate for a loan or investment.  The rate returned will be based upon the number of periods.  If you are using monthly figures, just multiply the answer by 12 to get the annual periodic rate.

Rate Example


Rate Example

You want to deposit $100 a month in an investment which will give you at the end of two years $3000.  To find the rate of this investment, you would use the following formula:

SolveFor=	Rate

Term=	48

PresentValue=	0

Payment=	-100 (use negative to show outflow)

FutureValue=	3000

This will return a rate of 0.02171.  Now if you multiply this answer by 12, you get your annual periodic rate of 26.052%.


Present Value

(also called Loan Amount)

This will return the present value of a loan or investment.  The present value is the initial cash outlay for an investment, or the amount of principal you have for a loan.

Present Value Example


Present Value Example

Suppose you want to buy a house, but your not sure how much you can afford, so you estimate the monthly payment you can afford.  The rate of interest you expect to get your loan at would be 10.9% and the payment you can afford is $750.  You are taking out a 30 year loan.  This formula would be:

SolveFor=	Present Value

Term=	30 x 12 (times twelve)

Rate=	10.9% / 12 (divided by twelve)

Payment=	-750 (use negative to show outflow)

FutureValue=	0

This formula will return $79,383.95


Payment

Solve For payment will determine the required payment for an investment or loan.  You can use this formula to see if a loan or investment will be able to meet a required payment.  Also, this formula is used to determine what your expected payments would be.

Payment Example


Payment Example

Suppose you have a $100,000 mortgage.  You want the balance owed on the mortgage in 15 years to be $50,000.  The interest rate is 10.5%.  The following formula will give you what you need to step up your payments to:

Solve	For= Payment

Term=	15 x12 (times twelve)

Rate=	10.5% /12 (divided by twelve)

PresentValue=	100000

FutureValue=	-50000 (use negative to show balance owing)

This will return -981.61.  The payment appears as a negative number because it is a cash outlay.


Future Value

This Solve For will return the future value of a particular investment or loan.  The Future Value is the value you can expect for a loan or investment to have sometime in the future.  If you invest some money at a specific rate of interest, you expect that investment to have an increase in value a given time in the future.  The Future Value would be that expected increase plus the original investment.

Future Value Example


Future Value Example

Lets say you open a new savings account with an initial deposit of $1,500 and a periodic deposit of $100 each month.   You want to know what the balance will be after two years assuming an 8.75 rate of interest each year.  The following formula will give you the answer:

SolveFor= Future Value

Term= 24

Rate= 8.75 /12 (divided by twelve)

PresentValue= -1500 (use negative for outflows)

Payment= -100 (use negative for outflows)

This will return $4,398.17 as your balance at the end of two years.


times
multiply current value by 12


divide
divide current value by 12


sign
change current value from negative to positive or positive to negative


clear
clear all values in the current financial model


Memory Keys

Clicking any 'Mem x' button will store the values in all corresponding fields including Term, Rate, Present Value, Payment, Future Value and Notes.  Clicking any 'Rcl x' button will retrieve  the stored values to the corresponding fields replacing the current information.


notes
enter any notes for this formula model


Solve For
Select one of the five financial function radio buttons located under the 'Solve For' label.  This determines the financial function you will be performing.


recalcx
when checked, re-calculates model after every action


recalc
recalculates model (if Auto Recalc is checked, this button is redundant)


Copyright

Finance Coach is a product of Professional Real Estate Systems (PRES), Copyright © 1991-1995.

If this is an unregistered version (indicated by the statement in red letters on the About screen "this is an unregistered copy"), you may distribute this software as long as the following files are included:

calcfncl.exe	calcfncl.hlp	fs.hlp

readme.hlp	register.wri

All of the above files should be combined into a single file, ZIP, or other compression format for distribution. Except for duplication costs, no fee may be charged for distribution of this software.

If this is a registered copy, it may not be distributed!

This software claims no warranty, implied or otherwise.  This software is provided "AS IS".  The author claims no responsibility

for any damages that might be caused by the use or abuse of this software.  This software remains the property of the author.

This software may not be modified in any way.

Information has been obtained by PRES from sources believed to be reliable.  However, because of the possibility of human or mechanical error by our sources, PRES, or others, PRES does not guarantee the accuracy, or completeness of any information and is not responsible for any errors or omissions of the results obtained from use of such information.

The results of this program have been verified correct under many different test conditions. PRES believes the calculations performed in this program to be accurate, however, PRES neither warrants nor guarantees the accuracy of these calculations.

The calculations performed are done using accepted formulas for financial calculations.  Results between various software programs and financial tables may differ slightly due to any rounding that may be done or the precision of the numbers used in the calculations.