|
What's New
FAQ
Guestbook
Download
Links
Order FINCALC
Bugs
Suggestions
Screen Shots
| |
| This page displays an up-to-date listing of changes on this customer
support web. Notices will be placed here regarding product updates, scheduled
releases, or problems and the work-arounds. If a bug gets fixed, it will be
mentioned here. |
June 14, 2004
The Fincalc 6.0 demo is now available for download. The new version supports the
following features.
 | Windows XP compatibility. |
| An investment tracking subsystem for investment profitability tracking. |
| What-if profitability calculations for investment forecasting. |
| Investment account revaluation with the click of a button. |
| Composite yield summary analysis for all investments with the click of a button. |
| Investment database backup and restore froma a menu selection. |
| A redesigned and improved help file. |
January 21, 2004
| Fincalc 6.0 is now under development. This will be a Windows XP compatible version
and will include an investment tracker component. This component tracks
investment profitability by capturing the cost of each transaction and displaying a
snapshot summary view. An online report gives the composite picture of all
investments in seconds. Look for the official announcement to appear sometime
first quarter of 2004. |
March 14, 2002
| Fincalc 5.0 is now available for release on CD or 3 1/2" diskette. |
February 22, 2002
| A more visually appealing version of FINCALC was finally completed. This is called
version 5.0. Drop down choices on input screens are available, requiring less user
understanding to operate the software. Loan calculations for finance charge,
payment, APR, number of payments, etc., has been made easier. Each calculation has
its own seperate tab. |
| A loan payoff function was added that includes prorating insurance and taxes. Odd
days interest, loan fees, and down payments are included in payoff calculations. A
payoff is figured from the current date to a specified payoff date, using any interest
calculation method desired. |
| New interest calculation methods were added for fixed principal loans, principal only
loans, and rule of 78 loans. |
| Loan data can now be saved in a database and used for loan portfolio comparison. Loans
can be analyzed to identify a low cost alternative based on fees, taxes, insurance, and
interest calculation method. Loan comparison data can be displayed, printed, or
recalled for future reference. Any loan data saved in the database can be printed as
a formatted report, or displayed on-screen. |
December 16, 2000
| A more visually appealing version of Fincalc is nearly complete. Drop down choices
on input screens requiring less user understanding is now part of the new software.
Loan calculations for the finance charge, payment, APR, number of payments, etc., has been
made easier. |
| New functions for handling loan calculations are available. You can now
calculate interest for fixed-principal and principal only loans. A loan payoff
function considering various repayment factors is being worked on. You can store
loan parameters and do loan comparisons using the new fincalc database. |
| A three digit decimal place for the APR has been added and will be available in the next
release of Fincalc. |
| Look for an announcement to appear sometime during the first quarter of 2001 for the
official release date. |
Wednesday, September 8, 1999
| Development for a more visually appealing version of Fincalc is being investigated.
Drop down choices on input screens requiring less user understanding is being
considered. Loan calculations for the finance charge, payment, APR, number of
payments, etc., will be made easier. |
| Two new functions are planned for the upcoming version of Fincalc. One function
will handle loan calculations on principal only loans and the other will give a loan
payoff considering various repayment factors. |
| A three digit decimal place for the APR will be supported in the next release of
Fincalc. |
Monday, February 8, 1999
| A new version of the demo program that has a Y2K evaluation routine was added. |
Monday, December 28, 1998
| The problem with the investment tracker not loading the help file was corrected and is
available in the new download of FINCALC4.ZIP. |
| The Windows stack fault problem with FINCALC' s setup program on machines with 8MB Ram
or less was corrected and is available on the new download of FINCALC4.ZIP. |
| RegNet online purchase and registration is now available on the Order page for credit
card purchases. |
Monday, December 21, 1998
| All forms were updated and corrected on the website. Customers can now send in their
suggestions and bug reports immediately to the company. You can also register FINCALC
online and use your credit card. |
| FINCALC4.ZIP uploaded to server. Ready for Download. |
| Other minor wording changes made. |
Friday, December 18, 1998
| Worked on form pages so customers will be able to communicate with the company about
software bugs and suggestions for enhancements. |
Thursday, December 17, 1998
| Webpage created. Established a URL at Geocities for all the pages to be located on. |
| Version 6.00 Added the following features: |
1. Windows XP compatibility.
2. An investment tracking subsystem for investment profitability tracking.
3. What-if profitability calculations for investment forecasting.
4. Investment account revaluation with the click of a button.
5. Composite yield summary analysis for all investments with the click of a button.
6. Investment database backup and restore froma a menu selection.
7. A redesigned and improved help file.
| Version 5.00 Added the following features:
1. A completely redesigned and visually appealing user interface now includes drop down
boxes, intuitive tabs, and a menu structure that guides the user through various loan
calculations and functions. Calculations include finance charge, APR, scheduled
payment, number of payments, loan payoff, loan payout, etc.
2. New interest calculation methods have been added for fixed principal loans, principal
only loans, and rule of 78 loans.
3. A loan payoff function has been added that includes prorating insurance and taxes.
Odd days interest, loan fees, and down payments are included in the payoff
calculation.
4. APR calculations now support a three digit decimal display. This includes input
functions also.
5. Print screen functions now support graphical snapshots of displayed screens.
6. An on-screen formatted report and a quick display is now available for loan
calculations and amortizations. On-screen reports can be previewed, printed,
and saved for future recall.
7. Loan data can now be saved in a database and used for loan portfolio comparison.
Loans can be analyzed to identify a low cost alternative based on fees, taxes, insurance,
and interest calculation method. Loan comparison data can now be displayed, printed,
or recalled for future reference.
8. Any loan data saved in the database can be printed as a formatted report.
9. Menu selectable backup and restore functions are available.
10. A menu selectable backup and restore utility is available, allowing for a number
of customizable options. |
| Version 4.00 Added the following features:
1. The loan calculator computes the APR if zero is entered.
2. The pay out analysis calculates the regulation Z effective APR on loans.
3. The pay out analysis computes the total amount of a down payment on a loan.
This includes a flat amount and a percentage if both are entered.
4. The pay out analysis computes the total amount of a loan origination fee.
This includes a flat amount and a percentage if both are entered.
5. A down payment amount and percent down field was added to the loan input screen.
6. Loan fields for the origination fee and origination fee percent was added to the
input screen.
7. A field for the finance charge was added to the loan input screen. This
field allows the APR to be computed based on the given finance charge, if other loan
factors are known.
8. New calculations for certain loan variables were added. Some calculations
allow for two missing variables to be computed at once. All possible computations
are as follows: scheduled payment, number of payments, APR, APR and number of
payments, APR and the scheduled payment, pay out analysis, and the finance charge.
9. A print function was added that produces a calendar year amortization schedule
giving totals by calendar year. This schedule can be printed for differing payment
frequencies and includes balloon loans.
10. A print screen function was added for all business and investment calculations.
11. New investment calculations were added for the following functions:
Internal Rate of Return (IRR), The time value of withdrawals given a starting balance, and
The future value of regular deposits with a starting balance. |
| Version 4.00 Corrected the following errors in version 3.01:
1. The accuracy on maturity date calculations.
2. The extra form feed on print functions. |
| Version 3.01
------------
This version offered new features for interest computation. A 360/365 interest
calculation method was added. This means the daily rate represents the APR divided
by 360 days and the interest collection period represents 365 days. A 10% loan becomes an
effective 10.14% using this method. To use the feature just declare the interest flag as a
"2". A new feature was added to compute variable first payment interest from the
loan origination date to the first due date. A new input field was added for the loan
origination date on regular loans and balloon loans. Several bugs were fixed on single
payment loans, so the print and list functions indicate the correct values and all pay out
totals are correct. An error message about the "Scheduled payment exceeds the Loan
amount" was corrected. The scheduled payment considers variable first payment due
dates for interest calculation on single payment loans. |
| Version 3.0
-----------
This version offered the addition of new features for Homeowners Insurance and
Miscellaneous Insurance on all loan amortization's and payment calculations. The Loan
Input screen was redesigned to be more intuitive and a "COMPUTE" button was
added to it. The printed amortization schedule gives totals for many different categories
by year. A bug was fixed having to do with insurance payments computing incorrectly when
the repayment frequency was not monthly. A bug was fixed making the scheduled
payment more even for the first and last payment when the interest base is 365 days.
A bug was fixed with the maturity date calculation when the number of payments is
given with or without the payment amount. A bug was fixed with the computed number
of payments when disability and life insurance are figured with a specified payment.
A bug was fixed with the loan pay out totals not matching the screen listing of
totals at the bottom of the amortization schedules. A new price based upon a user
definable markup percent was added to the Business Menu. In general modifications
were made to make the program more intuitive over version 2.01. The most recent addition
to FINCALC is the investment tracker. This new module records and analyzes
investments or mutual funds. This new feature was a major change over version 2.01. |
|
