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Actuarial & Financial Information Systems
Design & Copyright Axis® IT Last revised: 2012-01-30
Financial Planning
"Financial transactions invariably involve numerical calculations, and,
depending on their complexity, may require detailed mathematical
formulations. It is therefore important to establish fundamental
principles upon which these numerical calculations and mathematical
formulations are based."
(Samuel A. Broverman, Mathematics of Investment)
G A N U E N T A
Consultancy
Actuarial & Financial Information Systems
Middelburg - The Netherlands
This program produces a survey of the amortization of an annuity loan.
In the top section of the screen are four controls for the data.
In the middle section are two controls and display of real interest and yearly annuity.
The bottom section shows the amortization scheme with one line for every payment, giving redemption part, interest part, net cost and balance.
The + and - buttons are supposed to behave like spinboxes.
Requested is to fill out or control by the user:
- initial amount of the annuity
- optionally irredeemable part
- duration of the loan
- interest rate
- deductable percentage income tax
- frequency of payments