User Guide - MyCapital - Android App für Kapitalberechnungen
Contents
1. Additional input e Special Action Active IMPORTANT otherwise this action will not be taken in account Type single payment Time after 60 months 5 years Value 30 000 Result e The capital curve jumps up by 30 000 after 5 years e The curve fort he interest sum has an upwards kink at that time e The duration rises up to 17 years The man will be 82 years then e The gray curves show the flow without the special payment 4 2 6 Example 6 Retirement pay from example 5 decrease of installment The man from example 4 wants to withdraw money for more than 17 years He is a sportsman and hops to live longer at least up to 85 years He decides to lower the installment to 900 rate in order to increase the duration of the process Question How long will the process last now My Capital Special Actions mc_retirement_pay My Capital Graphic mc_retirement_pay Actual Action Capital flow Sum of Inter Is action active Action active Action type Change of installment After Months New monthly installment Previous Action Next Action Insert new Action Delete this Action Example 6 Retirement pay with change auf installment after 5 years Additional input e Special action 2 Active Type New installment Time after 60 month 5 years Value 900 Result e The capital curve is sinking much slower now because of the smaller installment e The sum of interests gets more buckled e2. 3 6 4 Combination of special actions Special Actions can be combined in one process even though the clarity of the process can get lost by doing so When using several Special Actions in one process you will not be able to decide which influence on the process each of them has Possible combinations of Special Actions installment credit While paing off an installment credit the binding period for interest rate is fixed by 5 or 10 years After that period you have the possibility to make an unscheduled payment to your account At the same time your bank can fit the interest rate to actual market conditions Both changes can be modeled by a Special Action each in MyCapital So you can simulate different scenarios for your connecting process Possible combinations of Special Actions retirement payment When dealing with long term retirement payments it is a good idea to take inflation into account MyCapital can do this by fitting the installment to inflation each year Nevertheless their can arise a situation where you need to extract a large amount of money from your account illness world round trip new car In that case you can activate an additional Special Action for an unscheduled withdrawal in your process Not meaningful combinations retirement payment When using the Compensation of Inflation the installment will be automatically adjusted to inflation each year It is not very meaningful to change the installment by further Special
3. Result e Capital rises first slowly high interests on high debt then quicker until the whole debt is paid back e All interests are negative because of negative capital Interests are taken from installment so that only a part of it will really decrease the debt e A total of nearly 127 882 61 of interests will be paid to the bank in these 25 years Be aware that this is nearly the whole credit value Typical questions for back paying a credit with given credit value and interest rate e How many interests can save by increasing the monthly installment to 1 200 e Which will be the credit value if don t want to pay more then 50 000 of interests e How could a Special Payment of 30 000 after 5 10 or 15 years influence the process How many interests would this save How about the duration 4 2 5 Example 5 Retirement pay from example 2 special single deposit The man from example 2 is not satisfied by the 14 years he is able to extract his retirement pay On the age of 70 years he sells his property and deposits the 30 000 directly into his account Question How long can he get his retirement pay now My Capital Special Actions mc_retirement_pay My Capital Graphic mc_retirement_pay Actual Action Is action active Action type Single payment After Months Single payment in out Previous Action Next Action Insert new Action Delete this Action Example 5 Retirement pay with special deposit
4. When using Special Actions MyCapital can use iterative calculations only This may take some seconds Hint To quickly switch on and off all special actions of a process at a time use the small button within the Specials button of the parameter screen To switch on off one single action you have to go into the Special Actions Screen of that action 3 6 1 Special Actions for quarter wise and yearly installments Even though it is untypical saving processes can be calculated not only with monthly installments but with quarterly and yearly installments as well This is done by setting the monthly installment to zero and inserting a Special Action Periodic payment with period quarter or year An example would be a saving process with a periodic deposit at the end of each year gratification 5000 S NOTICE In the given case Initial capital O monthly installment 0 the process cannot be calculated without Special Actions The capital would stay zero all the time A comparison between the two variants will not be possible therefore 3 6 2 Special Actions for debit and credit interest rates You can enter just one value for the interest rate of a process on the parameter screen The signs of initial and final capital will determine if there will be debit or credit interests For saving cases initial and final capital are gt 0 both usually and you will have positive interests credit interests only For an installment credit on the
5. Actions The inflation Adjustment will be calculated with respect to the new installment Clarity will be lost General recommendation Test the influence of just one Special Action on the calculation results In most cases this will be more effective than to the use several Special Action working in different directions 3 7 Screen MyCapital PDF An absolute advantage of MyCapital with respect to other financial apps is the possibility to put the calculation results inclusively the graphic into a PDF If your device has a printer driver installed you can directly print this PDF My Capital PDF mc_instalment_credit Free text will be included into PDF Unscheduled payment reduces duration by 7 years and sum of paid interest by 40 000 PDF title l max 20 instalment credit Chars Subtitle max 60 with unscheduled payment after 5years Chars Graphic J actions for comparing Create and View PDF Mail PDF Screen PDF But usually only view Android devices have a printer installed so you can send the PDF via mail to any other person including to yourselves to print it there This mail function allows you to use MyCapital as a service program for other persons too Free text Here you can enter free text especially fort he special actions used Title Subtitle Please enter a title and a subtitle fort he PDF header here Pleas note the limitation of the strings Checkbox Show curves without special
6. Duration is nearly 28 years now e The gray curves show the flow without adjustment of installment and the special payment e When the man will be 85 that means that 20 years after process start he will still have 80 000 left Additional questions e How long would the process run if he lowers the installment only after 10 years e Which influence would have a decrease of the interest rate after 10 years from 3 6 p a down to 2 5 p a e Ifthe man would take 10 000 after 15 years for a new car what would this mean to the process 4 3 Compensation of Inflation Col For long term processes it is absolutely necessary to take inflation into account If you are saving for 100 000 for 10 years then 100 000 will have much lower buying power at process end The yearly inflation rate tells us how many percent the prices will rise in a year If the inflation rate is 2 p a so you will have nearly 20 higher prices after 10 years already Really it is a little bit more because of an interests on interests effect The increase of the prices are counted with respect to the already increased prices from last year So after 10 years the prices would rise up to a value of 1 02 1 22 122 These 22 price increase on the other hand mean a decrease of buying power to 1 1 22 82 Your 100 000 will have a buying power of 82 000 in 10 years only 4 3 1 Col for saving processes In saving processes the whole final capital will be t
7. Graphic saving with temp debt My Capital Graphic saving with temp debt Capital flow Capital flow Sum of Inter f Sum of Inter Planned saving process left und with special withdrawal and debt interest rate on negative capital right The saving process starts as usual capital is rising sum of interests is rising slowly After the withdrawal the capital jumps down to a debt of 17 600 After that the capital is rising very slowly because the man has to pay 12 p a 1 p m of 17 600 176 of his monthly installment as interests to the bank Because of the negative interests the sum of interests is falling rapidly Only after 7 5 years the debt will be repaid and saving will restart again unfortunately with the slow credit interest rate After the 10 years the man will have a final capital of 18 152 only Relatively to the planed 54 468 the man lost not only 25 000 for the surgery but also 11 316 by escaped and paid interests NOTICE In the process there are two moments when the interest rate changes the first just after the withdrawal 2 5 gt 12 and the second after paying off the debt 12 gt 2 5 This double change is reached by one single special action for debit interest only The triggering event for that is the change of the capital s algebraic sign HINT If a special interest rate debit or credit should be valid for the whole process just set the month in the special action to z
8. SENDEN SPEICHERN mendeulrich gmail com ulrich mende web de mc_instalment_credit pdf 52 KB CE VE BE UR PIS RES EO FIT O IE Ar CO lO TET CG Ir PK Pe YX CVBNM Mail client for sending a PDF via mail 4 Using MyCapital 4 1 Setting up the parameters Just one of the 5 input parameters of your process can be calculated Mark the desired target field with the radio button on the left An input in the target field of the calculation is not necessary On the other hand there is no need to clear the field before calculation The other four parameters have to be filled before calculation Please note that O is often a valid value Please be always aware The account is yours so e Positive capital is good it brings you positive interests e Negative capital is bad you will have to pay interests to the bank which will decrease your capital furthermore e Positive installments are good they will increase your capital or at least decrease your debt e Negative installments are bad they will decrease your capital dissave In the following cases installment and interests will work against each other e Positive capital positive interests and negative installment dissaving e Negative capital debt negative interests and positive installment amortization 4 2 Choosing examples and fitting them to your needs The app provides examples for all basic processes These examples are build in so they cannot b
9. 88775 10 Calculate Graphic List Calculate Graphic List Spec Actions 0 4 PDF Spec Actions 1 4 PDF Dissaving process without Col left and with Col right of installment In the right picture please notice the value of the last rate of 1456 Since there were exactly 19 times of adjustment of the installment this value equals to 1 000 1 02 1 456 81 If you switch off the Special Action for Col of installment then the previous calculation values with constant installment will be restored My Capital Graphic inflation_rate Capital flow Sum of Inter i 21 ie T KER Ve E un B U Sa ey Ri 1 Capital flow for retirement pay with Col Comparing the capital flow for retirement pay with and without Col you can see that the green curve has to start at a higher initial value then the gray curve because of the higher withdrawals you take from your account Again because of the increasing installments the green curve falls quicker to meet with the gray curve exactly after 20 years at zero capital You must have nearly 30 000 more capital at process start but this money is not lost Your sum of withdrawals is 40 000 higher then in the case without inflation Part of these are higher interests you will be paid Paying off a credit needs no Col since debt is good for inflation 4 4 Combined processes Sometimes it can be necessary to deal with two processes following each other but
10. Inflation Final capital could not be adopted to inflation For doing so recalculate with target gt installment lt or gt duration Radio buttons on screen gt Parameters lt Message Box for Col calculation target Final capital 4 3 2 Col for dissaving processes With saving processes the whole capital is taken from account at the end of the process Col therefore works with respect to that moment From a retirement installment process the capital is taken monthly in contrast In this case it is required to adjust the installment to inflation at least every year So if at a given inflation rate of 2 p a the installment is 1000 at the first year in the second year it should be 1020 in the third 1040 and so on After 20 years the installment has increased to 1 480 already The consequence is a shortened duration or a higher needed initial capital on the other hand The Col for the installment of a dissaving process can be set up by a Special Action Inflation of installment My Capital Parameters inflation_rate My Capital Parameters inflation_rate Initial capital 170907 61 Initial capital 202793 34 Final capital Final capital Monthly Monthly installment installment Interest Rate Interest Rate p a p a Duration Y M Duration Y M Last payment 1000 00 Last payment 1456 81 Sum of payments 240000 00 Sum of payments 291568 43 Sum of interests 69092 39 Sum of interests
11. My Capital Home mc_instalment_credit c by Dr Ulrich Mende by Dr Ulrich Mende 2012 PDF User Guide Settings Long Term Installments Installment savings Retirement pays Installment credits Name of case mc_instalment_credit Choose Example Examples Load Case Create new case info mende edv beratung de www mende edv beratung de Save Case Edit Case Content 1 Was does MyCapital App offer to YOu cccccccssccccnsecccecenececeusececeueceeeececauseeesanecs 2 2 Wherein is MyCapital better than other financial APPS cssscccccesseeeeeeeeeeees 2 3 The Screens OF MY Cap Ital wesscscncssiesensavaaseanedc pasdanwnesessanendoassansieseudenstanosesanosesdnsetanedsses 3 3 1 Sereen NY DIA Home een 3 3 2 Screen MyCapital SQttings cccccccsseccccssececeseccccesececeescceeeeeecesseecessueceeeeers 5 3 3 Screen MyCapital Process ParaMete rs cccccsseccccssececeeseceeeececseeneceeeeeeeeees 7 3 4 Screen MyCapital Capital Flow Graphic ccccccesecccesseceeeeeceeeeeeceeeeeeeeees 9 3 5 Screen MyCapital Payment Plan ccccccscccccssecccesececeeecceeeeeceeeeeeceteeeeeeeees 9 3 6 Screen MyCapital Special ACtiONS cceccccssececeeececeeseceeeeseeceeeeceeseaeeetees 11 3 6 1 Special Actions for quarter wise and yearly installments 12 3 6 2 Special Actions for debit and credit interest rates eesncceessseseesnesseeeennnnn 12 3 6 3 Sp
12. actions for comparison This option you can use when having active special actions in your case and want to compare the curves with and without special actions If you feel confused by too many curves just switch this option off Create and view PDF With this button you create a PDF including the following parts e List of parameters e List of special actions e Free text hints from screen PDF e Graphis for the flow of capital and interest sum as in screen Graphic e Payments plan as in screen Plan Yearly sums for fur instalment and interests All input on screen PDF is saved together with your case and reread when loading the case again instalment credit with unscheduled payment after Syears Dunna knne 150 000 00 000 s00 00 5 40 pa 18 10 y m cakulated by rat 40 10 232 440 10 82 540 10 R S5ss saunaun BLAT D BLEZ DM Unscheduled payment reduces duration by 7 years asd sum of paid interest by 40 000 ane SL 79081 I 2 3 4 5 6 7 a 9 Sean Ou ewnN a busbaled n restad hy MyCaptial un 11 19 2012 OAE withurmctenisled E E E T counted ey E 11 19 2002 aaa age do by a First and last page of a PDF Mail PDF The mail client is opening having the new PDF file as an attachment The default mail receiver from screnn Settings is taken as the receiver Just press Send and you will have the PDF on your mal account seconds later xy Schreiben gt gt
13. aken from the account at the end of the duration Col is done with respect to the final capital and the end date of the process therefore MyCapital simply fits the final capital when given to the inflation rate In the above example we would therefore use a final capital of 122 000 instead of 100 000 In MyCapital this can be done via a Special Action Inflation of final capital Only the inflation rate has to be entered for that Special Action an exact date on which it takes place is not needed since it is valid for the whole process The result will be a higher duration or a higher monthly installment My Capital Parameters inflate_e Initial capital Final capital 100000 00 Monthly installment Interest Rate p a Duration Y M Last payment Sum of payments 85872 89 Sum of interests 14127 11 Calculate Graphic u EEE Spec Actions 0 2 Payments plan Calculation of installment for a saving process without Col Col for final capital calculation target Initial capital Installment or Interest rate In this case final capital without compensation of inflation and process duration are given My Money calculates the final capital with respect to inflation before the process calculation If the final capital is shown in red color then the Col is active If the Special Action for Col is switched off again the original final capital i e the 100 000 in our example is restored and the color is set
14. ave as a monthly retirement pay Your installment is negative since you pay out money BE oe Sum of interests 55796 30 MyCapital Parameter Screen left with Online Help for field Final capital Basic parameters for a capital process 1 Initial capital This is the capital value of your account on process start Initial capital gt 0 You have capital that you want to increase by interests and or monthly deposit Or you want to dissave this capital when you are in retirement monthly retirement pay Initial capital 0 you start a saving process from zero Because you get no interests on zero capital you will have to make a monthly deposit In case of a monthly withdrawal you will run into debt Initial capital lt O You are in debt and want to pay back by a monthly installment installment credit Even further withdrawals will be calculated by MyCapital without any difficulties but this will bring you deeper and deeper into debt It is also possible to calculate the initial capital needed for a process with given result backward calculation 2 Final capital This is the desired credit value of your account at the end of the process It can also be calculated when the other parameters are given Positive negative or zero values are possible here as well Only the initial capital it will determine what kind of process you have Final capital gt Initial capital Installment savings Final capital lt Initial cap
15. back too My Capital Special Actions inflation e My Capital Parameters inflation e Actual Action u Initial capital Is action active Final capital 121899 44 Monthly installment Action type Inflation for final capital Interest Rate p a Inflation rate p a o Duration Y M Previous Action Last payment Sum of payments 104678 52 Next Action Sum of interests 17220 92 Insert new Action Calculate Graphic List Delete this Action Spec Actions Saving process with calculation of installment including Col 2 p a The installment needed when using Col will be 20 higher than that without Col This is relevant and may not be disregarded therefore Col for final capital calculation target Duration In this case the final capital with respect to Col cannot be calculated before process calculation because the duration is unknown MyCapital must calculate duration and final capital together in a stepwise iterative algorithm The result are the Col final capital and the corresponding duration Col for final capital calculation target Final capital Even if Col is switched on the final capital for a start can be calculated without Col only After this a message is shown that recommends the user to switch calculation target to Installment or to Duration Thereby the just calculated final capital will be corrected to Col and a different Installment or process duration will be calculated
16. culation results in different ways e Payment plan with tree levels of aggregation Years Quarters Months e Chart for Capital flow and flow of interest sum over time e PDF Output of process parameters including payment plan and capital chart e Mailing via 1 Click Mail Help for the User MyCapital gives dedicated help to the User e _Build in down load function for this User Manual from the app s home page to make it available on your device offline e Field specific help for all input parameters via click on the naming field labels e MyCapital offers all the basic processes as build in examples You can use these examples test them and adjust them to your needs This is very helpful to get familiar with MyCapital Storing and distributing the results MyCapital offers you to store every capital process under a free name on the file memory of your device So you can always go back to a previous process can store several variants and so on MyCapital is more powerful and much quicker than the computer programs your bank advisor will use to sell you its expensive installment credit Just use this advantage in the negotiation with your bank Check the information of your bank advisor proof his calculations and be prepared MyCapital is on your side MyCapital is YourMoney Spending one illuminating evening with MyCapital can save you thousands of dollars 3 The Screens of MyCapital 3 1 Screen MyCapital Home This is the initial scr
17. different in type Typically this is a saving process directly followed by a connecting dissaving process Example A man starts a saving process on age of 50 to pay himself a retirement pension from 65 years until he will be 85 years old 1 Process saving part Initial capital 50 000 Final capital Initial capital of second part Installment Rate of interest 2 5 p a Duration 15 years 2 Process dissaving part retirement pay Initial capital Final capital from first part Final capital O Installment S 1345 1000 with Col by 2 p a for 15 years Interest rate 3 5 p a Duration 20 years Rate of inflation 2 p a In fact the man wanted a withdrawal of 1000 but knew that this 1000 would not have the same buying power in 15 years as they have today So he starts the calculation of the second part with an initial withdrawal of 1 345 what equals to 1000 1 02 Within the following 20 years of the retirement pay this installment will be Col corrected itself Calculation of the two part process First you calculate the needed initial capital of the second part to 274 816 Please note that the installment after 20 years will be increased to 1 959 what is nearly the double as the 1000 today After that you calculate the installment of the saving process giving you a final capital of just 274 816 within 15 years and 2 5 p a Result 926 The final value of the f
18. dit in year level format Portrait As you can see in the first year 80 of the installment will be paid for interest and only 20 as real amortization the sixth year the special deposit of 30 000 is shown My Capital Graphic mc_retirement_pay Y M Capital 1 Rate Interest Capital 2 ST Val m R PAW SW RUN 79381 TLN M Ei Ic BR N a DE BE DR 11576 29 1500 00 34 73 10111 02 aoe u ma u 8641 35 1500 00 25 92 7167 27 moa maam wmo n n 5688 77 1500 00 17 07 4205 84 2718 46 1500 00 1226 61 Quarters Years Payment plan for an installment credit with special deposit on months level format landscape In this format all columns can be shown at once Text size was enlarged Pay attention to the last line where a different last payment will finish the process 3 6 Screen MyCapital Special actions Different Special Actions are a unique feature of MyCapital in comparison with other financial apps You can choose one or more from the following Special Actions e Single Payment Deposit or withdrawal at the end of a given month directly effects the capital and the interests long term can be used multiple times in one process e Periodic payment Deposit or withdrawal starting from a given month with a given period Example starting after 5 years with a period of 12 months directly effects the capital at each repetition effects the interests long term e Change of monthly installment at a g
19. e overwritten accidentally Use these examples if you are new to financial processes and the involved parameters You will quickly get a good understanding what MyCapital can do for you Already after a short time you will have an aha experience Play around with these examples change there parameters change the calculation target Ask yourself simple questions and let MyCapital answer them What happens if double the installment How much will have to pay monthly to get 100 000 within 10 years 4 2 1 Example 1 Long Term Money with zero installment You want to invest 50 000 by 3 6 p a for 10 years fix How many interests will you get My Capital Parameters mc_long_term_money My Capital Graphic mc_long_term_money Initial capital Capital flow Sum of Inter Final capital 71627 86 t p a Monthly installment Interest Rate p a Duration Y M Last payment Sum of payments Sum of interests 21627 86 ee A EEE Calculate Graphic List ne ee Spec Actions 0 2 PDF Example 1 Long Term Money Input e Initial capital 50 000 e Final capital will be calculated Radio button green e Installment 0 e Interest rate 3 6 p a e Duration 10 years Result e Capital will rise with a small acceleration caused by interests on interests The same is valid for the sum of interests e Curve of capital and curve of interest sum are parallel because of missing deposits So your capital will gro
20. ecial action Keep capital constant cussnceeesnesseesnennesnnnnnnesnnnnennnnnnn 14 3 6 4 Combination of special ACTIONS csscccessecccesscccceececeeececeueneceeseeceesenecs 15 3 7 Screen MyCapital PDF ans ann 16 4 USIHEMYC Balken 18 4 1 Setting Up the parameters reinen 18 4 2 Choosing examples and fitting them to your needs csseeeceeeeeseeeeeeeeeees 18 4 2 1 Example 1 Long Term Money with zero installment 19 4 2 2 Example 2 Installment savings with given target value 20 4 2 3 Example 3 Retirement pay with a given monthly installment 21 4 2 4 Example 4 Installment credit with given monthly installment 22 4 2 5 Example 5 Retirement pay from example 2 special single deposit 23 4 2 6 Example 6 Retirement pay from example 5 decrease of installment 23 4 3 Compensation of Inflation Col ccccccccessecccceeesecceeeeesecceeeeeeeeecesseeeeeeeeeeees 24 4 3 1 CON TOR SAVIN EDV OCCSS CS nennen 25 4 3 2 Col TOF GISSAVING DPFOCESSES ccsaccsssscencssssaacad nn 27 4 4 Combined processes ssscccceseccccesseccceucceceneceeeuseceeeeceesueeceseueceeseeceteuneeeges 28 1 Was does MyCapital App offer to you MyCapital calculates the capital flow of your account caused by Interests and interests on interests Periodic monthly installments Five parameters are used Initial value of capital starting capita
21. een of MyCapital which allows you to store your processes to file You can reload any of these files later on recalculate the process change its parameters save it under the old or under a new name You will find this very helpful when using special actions with lots of input fields On the home screen you will find the buttons for the MyCapital settings and for the offline help too My Capital Home mc_instalment_credit c by Dr Ulrich Mende PDF User Guide Settings Name of case mc_instalment_credit Choose Example Examples Load Case Create new case Save Case Edit Case MyCapital Home Screen PDF User Guide With this button you can view offline the PDF User Manual downloaded before via the screen Settings If you are a power user of MyCapital than it may useful to download this PDF to your desktop as well to view it on a large display Or just print it and have it handy This button opens the settings screen where you can customize MyCapital to your device language text size Here you can download the PDF User Manual to your device to use it offline Examples As a special service MyCapital offers examples for all kinds of long term capital processes Choose Long Term Money Installment Savings Retirement payment or Installment credit to open an example View the example parameters calculate it view graphic and payment plan You can save an example under a new name You cannot overwrite examp
22. ero 3 6 3 Special action Keep capital constant From the given moment the instalment is adjusted so that it will compensate the interest So the capital will stay constant Positive capital You can withdraw just as much from your account as you will be paid interest by the bank Negative capital instalment credit This case is called interest only instalment Your monthly instalment is as high as the interest is the bank will bill you Since your debt will not reduce you should keep this time as short as possible Even more bad would be a period of zero instalment in which your debt would increase The following figure show an instalment credit with two years of interest only instalment Two special actions have been used for that Keep capital constant after 3 years and Change instalment after 5 years Interest increased by 15 000 what exactly matches 6 p a 2 years capital after 3 years For comparison in the right part of the figure the same credit with two years of zero instalment is shown Therefore the special action Keep capital constant was changed to Change of instalment new value 0 This period with zero instalment will cost you 25 000 My Capital Graphic credit capital const My Capital Graphic credit capital const Capital flow x Capital flow Sum of Inter ar Sum of Inter Instalment credit with 2 years of interest only instalment left and zero instalment right
23. ers from the others again because the mathematic exact duration is higher than 14 years and 3 months If you change the calculation target to Installment you will see that the exact installment for exact 14 years and 3 months is 1 496 84 In this case all installments are the same including the last one Typical additional questions e Cash dividends saving you extract a negative monthly installment which is just as high as the monthly interests are your capital will stay constant 4 2 4 Example 4 Installment credit with given monthly installment You want to pay off a credit of 150 000 interest rate 5 4 p a by a monthly installment of 900 Questions e When will the process finish e How many interests will you have paid then My Capital Parameters mc_instalment_credit My Capital Graphic mc_instalment_credit Initial capital Capital flow Sum of Inter Final capital Monthly installment Interest Rate p a Duration Y M Last payment Sum of payments 277882 61 Sum of interests 127882 61 ee ee Calculate Graphic List SSS Spec Actions 0 2 PDF Example 4 Installment credit with given monthly installment Input e Initial capital 150000 negative debt e Final capital 0O debt should be decreased to zero e Installment 5900 positive because of back pay e Debt interest rate 5 4 p a Interest rate is positive but interests are negative because of negative Capital
24. h But you are free to choose between the two e Download the User Manual with respect to the language from the home page of the app After downloading the manual can be displayed offline via the help button of the Home Screen MyCapitalUserGuidGerman pdf MyCapitalUserGuideEnglish pdf e Last used capital process with all inputs My Capital Settings instalment credit Text Size 20 English German Default Mail Receiver ulrich mende web de Download User Guide My Capital Einstellungen neuer_vorgang Textgr e 18 Englisch Deutsch SEEC EIE E Ga ulrich mende web de Download User Guide Adjust the text size language and the default mail receiver on the Settings Screen 3 3 Screen MyCapital Process Parameters My Capital Parameters mc_retirement_pay Initial capital 200000 00 Final capital Monthly 1500 00 installment Interest Rate p a Duration Y M Last payment 255796 30 Sum of payments Field Help for Final capital Final capital Can be greater equal or less then zero Can be greater equal or less then Initial capital Final capital gt Initial capital You want to increase your capital by a positive monthly installment This can be a saving process or an installment credit Final capital Initial capital You take only the interests the bank is paying you for your capital Final capital lt Initial capital You own capital that you want to diss
25. in your process this happens immediately otherwise it may take 2 or 3 seconds This button opens the screen Special actions You can create change delete or activate special actions there A little button within the Special Actions button will show you how many special actions you defined in your case and how many of them are active If required you can activate or deactivate all special actions at once with that small button If the small button is red then all actions are off if it is green then all actions are on Otherwise it is yellow kaa This button opens the screen Graphic Calculation must be up to date for that List This button opens the screen Payment plan Calculation must be up to date for that EEE PDF This button opens the screen PDF Calculation must be up to date for that 3 4 Screen MyCapital Capital Flow Graphic MyCapital will present the calculation results directly as numbers on the Parameter Screen Furthermore the capital flow can be displayed as a chart In that chart you can combine the capital with and without Special Actions This allows a quick direct comparison between the two My Capital Graphic mc_retirement_pay Capital flow Sum of Inter m A Screen Graphic with curves for capital flow and flow of interest sum 3 5 Screen MyCapital Payment Plan This screen shows the detailed payment plan of your process numerically as a table with the f
26. irst part is already Col corrected by the high value of the retirement pay in the second part So no further Col is needed here Hint It is essential to start the calculation with the second part because the first part has two unknown parameters final capital and duration But a process can have only one unknown parameter calculation target With the second part this is the case It hast only the initial capital as unknown parameter the other four parameters are given The calculated initial capital of part two determines the final capital of part one So part one is now ready for calculation
27. ital especially final capital 0 Dissaving process 3 Monthly installment rate The monthly installment can be positive negative or zero as well Installment gt O you want to increase your capital by deposits If this will work depends on your initial capital value If it is positive then your monthly installment and the interests the bank is paying will complement one another Your capital will rise quickly If you are in debt then you have to pay interest to the bank which will partially compensate the deposit Rate lt 0 you extract capital from your account It will depend on the initial capital and the interest rate again if your capital will rise stay constant or will fall MyCapital App knows the right answer 4 Interest rate p a The interest the bank will pay or bill to you is given in per anno but will be added to your capital at the end of every month Therefore a monthly interest rate is used ZM ZY 12 The interest rate is always positive or zero This is not true for the interests Negative capital will result in negative and positive capital will result in positive interest 5 Duration MyCapital App calculates the duration of the capital process in months On the screen it will be shown as years months The duration is always positive in some cases the duration is undefined The process will never reach the desired final capital because of improper parameter values Often the duration is the target of M
28. ital better than other financial apps Functionality MyCapital can calculate each of the five credit parameters Initial capital final capital installment interest rate duration if given the four others Thereby MyCapital allows you to quickly calculate every thinkable scenario MyCapital can calculate forward if you are interested in the final capital or in the duration of the process when given initial capital installment and interest rate It can calculate backward if you have to determine the initial capital or the installment of the process when given duration final capital and interest rate MyCapital can take into account several Special Actions Thereby it becomes very simple to calculate connecting processes with changed parameters Example Usually in an installment credit there is a fixed interest rate for anumber of years 10 years After that time you have the right for special amortizations special deposits On the other hand your bank can adjust the interest rate to the market Be sure they will increase it Within seconds MyCapital can calculate how your capital will develop after your special payment and or change of interest rate e My Money can take in account the yearly inflation rate in its calculation Compensation of Inflation Col Especially for long running processes of 5 10 or even 20 years this can be very important Presentation of the results MyCapital is presenting you the cal
29. iven month replaces initial value of installment from this month on effects capital and interests from this month on can be used multiple times in one process e Set debit interest rate at a given month replaces the initial value of interest rate for negative capital from this month on treats the interest rate from the parameter screen as credit interest rate from this moment on effects interests directly and the capital in long run can be used multiple in one process e Set credit interest rate at a given month replaces the initial value of interest rate for positive capital from this month on treats the interest rate from the parameter screen as debit interest rate from this moment on effects interests directly and the capital in long term can be used multiple times in one process e Set on Compensation of inflation Col for final capital saving processes only Increases the Final capital with respect to given inflation rate and duration e Set on Col for installment dissaving processes only Increases the installment of a dissaving process each year with respect to given inflation rate duration and initial installment e Keep capital constant at a given month replaces initial value of installment from this month on to a value compensating interest effects capital and interests from this month on should be followed by another Change of monthly installment Each Special Action can be activated or deactiva
30. l S Final value of capital on your account F Monthly installment Interest rate R Duration D MyCapital can calculate all kinds of long term financial processes Saving processes long term money installment saving Dissaving processes private retirement payments with fix monthly installment Running into debt not recommended Installment credits Amortization of installment credits These basic processes are described by the following parameter combinations DEREN ee a capital gt 0 Installment saving F gt 0 often 0 Running into debt F lt O F lt S Installment credits gt 0 I gt R S To run into debt is not recommended but can be calculated as well as the other processes Upon the basic parameters a capital process can be driven by the following so called Special Actions Single deposit or withdrawal at a given time even more than once in one process Periodic deposit or withdrawal besides the periodic monthly installment for instance yearly deposit atthe end of each year Change of installment value at a given time even more than once in one process can even change in sign so the process switches from saving to dissaving Change of interest rate at a given time even more than once in one process Adjustment of final capital to yearly inflation rate only for saving processes Adjustment of monthly installment to yearly inflation only for dissaving processes 2 Wherein is MyCap
31. les since they are build in Save Case You can store the actual case as a text file on the external storage of your device SD card Choose a free name for your case via file name dialog You can choose a stored case from a file list via dialog open it and continue With this button you create a completely new case with the name new_case Via the screen Parameter you have to fill four of the five process parameters and mark the fifth as the calculation target via the green radio button If you want to continue witch this case later on then you should save it under a meaningful name This button opens the screen Parameters for this case If you have opened a case via file load or via Examples then its parameters will be shown You can now continue to edit and re calculate this case 3 2 Screen MyCapital Settings With MyCapital you can make important settings once and automatically store them in the settings file when leaving the app On every start of the MyCapital App this file will be reread and the settings will be restored e Text size By a slider you can fit the text size for all screens to your device While moving the slider you can watch the text size changing e Language MyCapital reads the language from the system data of the device and makes the appropriate setting For German speaking countries Germany Switzerland Austria German is the default for all other countries it will be Englis
32. ollowing columns e Capital value at beginning of month e Installment in this month e Interests in this month e Special Actions in this month if so e Capital value at the end of month including installment interests special payments e Year e Month e Sum of installments including special payments up to this month e Sum of interests up to this month The payment plan can be displayed in three levels of aggregation e Months Full resolution to every month 12 rows year 240 rows 20 years e Quarters aggregation of each three month of a quarter to one quarter line e Years aggregation of each 12 months of a year to one year line With the and buttons you can adjust the text size auf the payment plan The plan can be scrolled per finger wipes vertically In portrait format the plan is scrollable horizontally too Otherwise not all columns will fit on the screen The columns for year and month are positioned in the middle of the screen to be visible when scrolling horizontally My Capital Graphic mc_retirement_pay Interest Capital 2 1 12 200000 00 18000 00 7020 01 189020 01 3 12 177638 14 18000 00 6201 56 165839 71 5 12 153609 45 18000 00 5322 11 140931 56 6 1 SP 30000 0 8 12 82027 00 18000 00 2702 20 66729 20 10 12 50871 50 18000 00 1561 91 34433 40 1212 17393 68 17730 29 336 62 00 SS En GE GE GE Months Quarters Payment plan for an installment cre
33. other hand there will be debit interests only The payments will stop in the moment the capital the debt is zero If one process should run from positive into negative capital or vice versa anyhow then a second rate of interest can be set up via a Special Action If you choose Debit interest rate here the interest rate from the Parameter Screen will work as Credit interest rate now and vice versa The following example demonstrates how the change between debit and credit interest rates will work 10 years before his retirement a man starts a saving process with a monthly installment of 400 to have additional capital for retirement His bank will pay him interests of 2 5 p a MyCapital calculates the final capital of that process to 54 468 78 Unfortunately the man has to make a withdrawal of 25 000 from his account after 1 5 years for an urgent medical surgery At this point the account balance is about 7 000 so the account will run into an overdraft credit 12 p a Now the man hast to pay high debit interests to the bank Since he has no extra money he cannot increase the installment The duration should stay at 10 years In MyCapital the situation can be modeled by two special actions 1 Action Type Single withdrawal Month 18 Value 25 000 2 Action Type Debit interest rate Month 0 Month is not of importance as long as lt 18 Value 12 5 Result Final capital 18 152 92 My Capital
34. s e The sum of installments is 34 453 77 5 12 9 500 46 23 Possible additional questions e Which installment would you need to get the same final capital after three years already A few clicks for MyCapital 4 2 3 Example 3 Retirement pay with a given monthly installment One man saved 200 000 for a retirement pay to himself starting with an age of 65 Question After which time his capital will be consumed when taking 1 500 each month My Capital Parameters mc_retirement_pay My Capital Graphic mc_retirement_pay Initial capital Capital flow Sum of Inter Final capital N Monthly installment Interest Rate p a Duration Y M Last payment Sum of payments 255796 30 Sum of interests 55796 30 Se EEE EEE Calculate Graphic List C Spec Actions 0 2 PDF Example 3 Retirement pay with given monthly installment Input e Initial capital 200 000 e Final capital SO e Installment S 1500 00 negative because withdrawal e Interest rate 3 6 p a e Calculation target Duration green radio button Result e Capital decreases first slowly than faster and faster down to zero final capital after 14 years and 3 months The man will be 79 years old then e Sum of interests is always positive because the bank pays interests to the man s account Sum of interests is rising fast at the beginning and then slower and slower until capital is zero e The last installment diff
35. ted any number of times This avoids repeated input Only activated Special Actions color green will effect the calculation Special Actions are very useful for connecting processes which directly follow after the end of one process These connecting processes usually start with an initial capital value equal to the final capital of the primer process but different parameters installment interest rate Depending on the Type of a Special Action there different fields available on the Special Action Screen My Capital Special Actions mc_retirement_pay My Capital Special Actions mc_retirement_pay Actual Action Actual Antian We Single payment Single payment after n months Is action active Periodic payment Periodic payment after n months Action type Single payment Change of installment Different installment after n months After Months Credit interest rate New credit interest rate after n months Single payment in out 30000 00 Debit interest rate New debit interest rate after n months Previous Action Inflation for final capital Saving only Col for final capital Next Action Inflation for installment Dissaving only yearly Col for installment Keep capital constant Insert new Action instalment just compensates interest Cancel Delete this Action Keep old type of action On the Special Screen you can add or delete Special Actions can scroll and input the values of a Special Action WARNING
36. w up as fast as the sum of interests you got e Sum of interests 21 627 86 Without interests on interests it would be 50 000 3 6 year 10 years 18 000 Possible additional questions e Which interest rate you would need to get the same result after 7 years already e How long would it take under the same circumstances to get a final capital of 100 000 4 2 2 Example 2 Installment savings with given target value Starting from 50 000 you make a monthly deposit of 500 When will a final capital of 100 000 be reached My Capital Parameters mc_instalment_saving My Capital Graphic mc_instalment_saving Initial capital Capital flow Sum of Inter Monthly installment Interest Rate p a Last payment 46 23 Sum of payments 34453 77 Sum of interests 15546 23 eee Calculate Graphic List re Spec Actions 0 2 PDF Example 2 Installment saving witch given target capital value Input e Initial capital 50 000 e Final capital 100 000 e Rate 500 e Interest rate 3 6 p a e Duration will be calculated green radio button Result e Capital rises much quicker than in the last example because of simultaneously adding deposits and interests e Capital curve and sum of interests are not parallel any more e Duration is 5 years and 10 months e The last installment differs from the others because MyCapital will exactly calculate a duration auf 5 years 9 months and some day
37. yCapital s calculation But it can be set up as well to calculate the initial or final capital value of a process for a given duration Calculation target field Use the radio buttons on the left to mark one of the five parameters as calculation target You don t have to input any value for that field Result values of process calculation 1 Last payment last payment can differ from the previous payments if you choose duration as calculation target MyCapital will calculate an exact duration of years months and days which will be rounded to full months In the last month you won t have to pay the full instalment therefore 2 Sum of payments this is the sum of all payments from or to your account including special payments as well but not including interests 3 Sum of interests this is the sum of interests the bank pays to you positive credit interests or charges you negative debit interests while the whole duration of the process Buttons and their functions This button starts a complete re calculation of your process including the actual settings of the parameters and special actions if so If the text Calculate is red you have changed anything in the processes and must re calculate it because the results are not up to date anymore Only after recalculation you can open the graphic or the payment plan When calculation is ready then the text colour changes back to normal colour If you have no special actions
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