Nov 28, 2021 I searched for a library of common Financial Functions, but came up blank (maybe there's already one there, but I couldn't find it). So, here's my version. I hope you find it useful. FunctionDescriptionPresentValueReturns the total amount that a series of future payments is worth nowFutureValueReturns the future value of a series of regular payment amounts with a constant interest rateRateOfReturnAnnuityReturns the Interest Rate percentage of a loan or investmentRateOfReturnLoanReturns the Annual Interest Rate percentage of a loan or investmentPaymentReturns the regular Payment Amount for a loan based on a constant interest rateSimpleInterestReturns the Interest Amount earned on a loan or savings account where interest is not compounded (i.e. simple interest)CompoundInterestReturns the Interest Amount on a loan or a deposit, where interest is earned on both the original amount and any interest already earned on that amountNetPresentValueReturns the Present Value of an asset less the initial purchase priceNumberPeriodsNumber of payments required to pay off a loan Also included is a small app that demonstrates how to use each function. If you do find any issues, please let me know and I'll post an update. Attachments FinancialFunctions.b4xlib FinancialFunctions.b4xlib 1.4 KB · Views: 568 FinTest.zip FinTest.zip 220.2 KB · Views: 587 Click to expand...
I searched for a library of common Financial Functions, but came up blank (maybe there's already one there, but I couldn't find it). So, here's my version. I hope you find it useful. FunctionDescriptionPresentValueReturns the total amount that a series of future payments is worth nowFutureValueReturns the future value of a series of regular payment amounts with a constant interest rateRateOfReturnAnnuityReturns the Interest Rate percentage of a loan or investmentRateOfReturnLoanReturns the Annual Interest Rate percentage of a loan or investmentPaymentReturns the regular Payment Amount for a loan based on a constant interest rateSimpleInterestReturns the Interest Amount earned on a loan or savings account where interest is not compounded (i.e. simple interest)CompoundInterestReturns the Interest Amount on a loan or a deposit, where interest is earned on both the original amount and any interest already earned on that amountNetPresentValueReturns the Present Value of an asset less the initial purchase priceNumberPeriodsNumber of payments required to pay off a loan Also included is a small app that demonstrates how to use each function. If you do find any issues, please let me know and I'll post an update.
