Financial Advisor v2.7.1

Calculate and analyze you Mortgage

* Learn how you can pay off your mortgage earlier
and save a fortune in interest by making additional
payments.
* Specify how much extra you can afford to pay and
calculate how this will affect your mortgage.
* View the additional payments necessary to pay off
your mortgage for various different periods.
* View detailed reports of your mortgage payments
over time
* Use the 'What If' calculator to calculate either
your mortgage payment, interest rate, mortgage
period or mortgage amount.

Plan for your retirement

* Find out how much you will need to save for
retirement based on your requirements.
* Enter your current savings plan to see whether it
will meet your needs.
* If your savings plan falls short then find out
how much more you will need to save.
* Plan for your monthly expenses after retirement
as well as other expenses such as holidays and new
cars.

Investment and Savings calculations

* Enter your savings, interest rate and the
investment period and calculate how much your savings
will be worth over time.
* Take inflation into account allowing you to see
the value of your savings in today's value.
* Enter the amount you can afford to save, the
interest rate and your savings target and and
calculate the period required to reach your saving OR
enter the period and calculate the interest rate you
will need to achieve your goals.
* Eight different savings and compounding periods
(Daily, Weekly, Monthly, etc)

Future value calculations

* Specify a future value that you require, when you
require it, the interest rate and an initial
saving. Now you can calculate how much you will need
to save to reach your goals.

Plan for your children's education

* Plan for the cost of your childrens education by
calculating how much you will need to save.
* Just enter the number of years until education
starts, the years of education and the cost of
education in todays value. Now you can calcuate how
much you will need to start saving today.

Annuity calculations

* The annuity calculator allows you to calculate
the monthly annuity you can receive given a specified
lump sum investment, investment return and period.
You can also request a lump sum balance at the end of
the annuity period.
* Perform 'What if' calculations. This means that
you can choose to calculate the lump sum required,
the annuity period or the annuity payment you will
receive.
* View a detailed schedule of your annuity over
time.

Compare different interest rates and borrowing amounts

You may have noticed that banks can quote either an
effective or a nominal interest rate. Financial Advisor
will explain what the difference between these rates is and
allow you to convert from one to the other.
In addition you can calculate equivalent interest rates.
For instance what is the monthly equivalent of 10%
compounded daily?
By performing conversions like this you will be able to
accurately compare interest rates offered by different
financial institutions.