Finanz S60 version 3.02
Version 3.02 of Finanz S60 was just released. Changes from the previous version 3.01 :
- this version also runs on S60 5th edition phones (touch screen), like e.g. the Nokia 5800 XpressMusic and the Nokia N97.
- the operation in RPN mode has been fine tuned, making it closer to the operation of the classical HP12c.
Upgrade is free for registered users of previous versions of Finanz S60.
Dear developers
I found some bugs while evaluating this app. I’am using nokia 5800 firmware ver 21
Here the bugs:
1. The app crash when using the “Disc. Cash Flows IRR NPV” finance function. The crash is easy to replicate. Try to touch the cash flow window and the menu will pop up with these options: new cash flow, modify cash flow, delete cash flow, reset all, calculate irr, calculate npv. Here’s the bad news. The app will crash if I choose “Cancel” or I touch any area outside the pop up menu.
2. The exchange rates can not be updated. No matter which connection I choose (Phone network or WLAN), I always encounter time out!!
And my suggestion for this app:
1. Why don’t you guys add amortization for the finance function.
2. Add Adjusted Present Value (APV) function. I believe this will bring your app to the next level
Good luck with the program
cheers
Thank you for the comments and suggestions.
1. I will handle the popup bug for the next version.
2. Have you seen this ?
3. What do you mean by “amortization for the finance function” ?
4. What is APV ?
Dear developers
Thx for your kind reply
Re Q2. The problem has been solved. I just need to disable the proxy stuff. After that change, the exchange rate can be updated automatically.
Re suggestion 1. Sorry if I didn’t make my self really clear. Basically I just want to suggest to add a function that can show the remaining principal of loan after every period. That’s it, maybe a pop up window showing the remaining loan from year 1 until year N by which N is the period of your last payment. It’s a bit daunting if the user imputed a bigger number of N though (imagine if N=1000 years!!)
Re suggestion 2. APV is just like NPV with a bit modification. In general it calculates the present value of the direct cash flows from a project PLUS the present value of other benefits resulting from undertaking the project (e.g Tax shield, depreciation shield, government subsidy, etc). However, the benefits are discounted using different rate of return as compared with the cash flows per se. My suggestion to your app is to add option to assign different rate of return for the cash flows in your current “Disc. Cash Flows IRR NPV” function instead of only single rate of return.
cheers
Re Suggestion 1 : for the “loan” templates, a command Options > Amortization is available. It produces an amortization table with 4 columns : period interest, cumulated interest, capital amortization, capital balance.
Re Suggestion 2 : thank you for the suggestion. That one will be more challenging
Re suggestion : payment mode -> in advance or arrear for BisFin
tenor : in months not in year
To achieve what you suggest, you can probably use the “Savings account” template (under “Finance”) with the proper parameters. Please check the User guide in the section “Savings account” and use the command Options > Parameters…