**PFSA**

PFSA (Personal Finance Scenario Analyzer) is a small, convenient application for iPhone that allows you to perform a number of financial calculations. These include compound interest, present value, future value, loan terms, and of course tips!

We know, the name could be better.

**Where can I get it?**

iTunes Link: [ PFSA]

**Show me!**

First, let's talk about **Compound Interest**.

In this example, I set the initial investment to 1000.00. The interest rate I plan to earn is 12%, and I plan to wait for 25 years before I run off to Switzerland. In this case, as you can see, I'll have 19788.47 (for a profit of 18788.47).

Now, we need a little **Present Value**.

Here, I have a bond for 10000.00 that I can redeem in 5 years. I plan to earn 7.5%. The present value of that bond is 6965.59.

Next, let's consider **Future Value**.

I want to retire in 20 years. I plan (like Warren Buffet) to average 12% for my investments. When I retire, I want to have 1.2 million to help fund my plans for world domination. If I contribute monthly (and the interest is calculated at the same rate), I need to put add 1213.03 each month for the next 20 years. Nice dreams.

Never sign for one, until you know all the numbers for a **Loan**.

This is the canonical loan calculation. Given a loan of 175000.00 -- house or Ferrari, doesn't matter -- and the interest rate is 4.5%, and with a plan to pay it off in 15 years, which of course is the 180 months you see here, one would have to pay a mere 1338.74 per month.

Don't be greedy. **Tip** your server.

You can't live without a tip calculator. Turn your iPhone into Seinfeld's dad's Willard. Whip it out and impress everyone. The current US standard tip is 15%, so that's the default. Change it as you wish. In the example shown, we ate well and had some wine, so our bill is 130.00. Tipping the standard 15% gives us a total bill of 149.50.

**It's Just an App!**

Note the results of PFSA are for informational and educational purposes only. Don't depend on the answer you get here as being precise, but it is a close approximation!

**Help Me!**

Need help? E-mail us at support@peretek.com