Hey guys, I have added 3 new calculators in the widgets section. Please do give it a check and feel free to add more calculators if you come across any. :)
Thanks,
Mac
Total Comments: 26
Posted: Mon Jul 02, 2007 11:25 am Post Subject:
Macmilan =)
Here's an idea -we can make a calculator that counts everything about the annuities.
Posted: Mon Jul 02, 2007 11:32 am Post Subject:
The idea is good but I have less knowledge about that if you give me the formula for this calculator then I can prepare it for you.
Thanks
Macmilan
Posted: Mon Jul 02, 2007 11:40 am Post Subject:
As I know I got a formula for annuity calculation
FV = PMT * [ ( ( 1 + i )N - 1 ) / i ]
FV = future value (maturity value)
PMT = payment per period
i = interest rate in percent per period
N = number of periods
Am I right cvetok ?
Do I go ahead and use this formula for creating the calculator ?
Thanks
Macmilan
Posted: Mon Jul 02, 2007 11:41 am Post Subject:
I can explain everything about the annuities and give all needed formulas.
Annuity is a sequence of payments, for example to insurance company.
If client pays several amount S every year with a percentage rate of i% converted yearly, the value of this sequence for the moment 0-the moment of beginning of the payment sequence will be:
S+S*v+S*(v^2)+S(v^3)+S*(v^4)+..... , this is case when payment begins from the moment of writing the contract
S*v+S*(v^2)+S(v^3)+S*(v^4)+....., if the payment sequence begins from the end of the first year.
Posted: Mon Jul 02, 2007 11:42 am Post Subject:
I forgot. v is the coeficcient of discount. It can be calculated as v=1/(1+i), i-percentage rate per year.
Posted: Mon Jul 02, 2007 11:45 am Post Subject:
Ok cvetok I need to study a little bit and then I will try to design the calculator . If you get any more information let me know.
Thanks
Macmilan
Posted: Mon Jul 02, 2007 11:50 am Post Subject:
Macmilan, I've got a lot of information, but almost all it is in russian or ukrainian lanuage. If you need some explanation, just ask questions. In this way it will be easier to me, than to translate big amounts of text.
For example, did you anderstans how to calculate these sums? The sum of these series is a sum of endless geometric progression.
Posted: Mon Jul 02, 2007 12:05 pm Post Subject: Thanks for the innovative idea
Yes I understood the logic and I am trying to implement it now. By the end of the day I will upload it to the site.
Thanks again for your kind help and your innovative ideas.
Macmilan
Posted: Tue Jul 03, 2007 05:36 pm Post Subject:
How are you, Mac? =))) Are there any news?
Posted: Wed Jul 04, 2007 04:26 am Post Subject:
Cvetok I have implemented the calculator. I will upload the calculator today.
Posted: Mon Jul 02, 2007 11:25 am Post Subject:
Macmilan =)
Here's an idea -we can make a calculator that counts everything about the annuities.
Posted: Mon Jul 02, 2007 11:32 am Post Subject:
The idea is good but I have less knowledge about that if you give me the formula for this calculator then I can prepare it for you.
Thanks
Macmilan
Posted: Mon Jul 02, 2007 11:40 am Post Subject:
As I know I got a formula for annuity calculation
FV = PMT * [ ( ( 1 + i )N - 1 ) / i ]
FV = future value (maturity value)
PMT = payment per period
i = interest rate in percent per period
N = number of periods
Am I right cvetok ?
Do I go ahead and use this formula for creating the calculator ?
Thanks
Macmilan
Posted: Mon Jul 02, 2007 11:41 am Post Subject:
I can explain everything about the annuities and give all needed formulas.
Annuity is a sequence of payments, for example to insurance company.
If client pays several amount S every year with a percentage rate of i% converted yearly, the value of this sequence for the moment 0-the moment of beginning of the payment sequence will be:
S+S*v+S*(v^2)+S(v^3)+S*(v^4)+..... , this is case when payment begins from the moment of writing the contract
S*v+S*(v^2)+S(v^3)+S*(v^4)+....., if the payment sequence begins from the end of the first year.
Posted: Mon Jul 02, 2007 11:42 am Post Subject:
I forgot. v is the coeficcient of discount. It can be calculated as v=1/(1+i), i-percentage rate per year.
Posted: Mon Jul 02, 2007 11:45 am Post Subject:
Ok cvetok I need to study a little bit and then I will try to design the calculator . If you get any more information let me know.
Thanks
Macmilan
Posted: Mon Jul 02, 2007 11:50 am Post Subject:
Macmilan, I've got a lot of information, but almost all it is in russian or ukrainian lanuage. If you need some explanation, just ask questions. In this way it will be easier to me, than to translate big amounts of text.
For example, did you anderstans how to calculate these sums? The sum of these series is a sum of endless geometric progression.
Posted: Mon Jul 02, 2007 12:05 pm Post Subject: Thanks for the innovative idea
Yes I understood the logic and I am trying to implement it now. By the end of the day I will upload it to the site.
Thanks again for your kind help and your innovative ideas.
Macmilan
Posted: Tue Jul 03, 2007 05:36 pm Post Subject:
How are you, Mac? =))) Are there any news?
Posted: Wed Jul 04, 2007 04:26 am Post Subject:
Cvetok I have implemented the calculator. I will upload the calculator today.
Thanks for your kind cooperation.
Macmilan :)
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