

                                     SolveIt!
                                 Version 4.0/4.1

        General Features
             SolveIt! is a general purpose financial calculator that is
             capable of answering many of the questions that you might
             have when it comes to money. Its features a VERY EASY to use
             user interface that asks a series of questions. You simply
             "fill-in-the-blanks" and press <F9> and the program will
             calculate the results. There is NEVER any need to do any
             programming. And all of the routines are accessed using an
             standard menu system.

             SolveIt! 4.0 is a MAJOR update. SolveIt! now sports a new,
             even easier to use, user interface. The user can more easily
             edit any of the inputs. The cursor keys can be used to go
             back and correct an entry even before you calculate the
             results.

             You can press <F1> at any time, and a help window will
             appear providing detailed information about the routine and
             the question that is being asked. For those who are not
             familiar with all of the concepts used in these routines,
             reading the help screens will be very educational.  

             Extensive printing is available in version 4.1. Our routines
             are written to work with any printer. In fact, we have NEVER
             found a printer that SolveIt! does not support. Schedules
             can also be printed to disk so that you may later load them
             into your word processor. This will allow you to edit them
             or highlight important points.

             The professional user will appreciate the way that SolveIt!
             saves its data. All data for one client is kept in one file.
             This way, information on Mr. Samual's mortgage is available
             in the same file as his budget and net worth statements.

             There are too many changes to describe in this short flier,
             but suffice it to say that every single routine in SolveIt!
             has been greatly enhanced since version 3.1. As we developed
             SolveIt!, we gave two things over riding concern. First, the
             program had to be VERY easy to use. Even though an extensive
             manual is supplied, we hope that you never need to use it.
             And secondly, the program had to be fast. Therefore, data is
             easy to enter quickly and the program will often perform a
             calculation instantly. 







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                           The 30 Routines of SolveIt! 4.0

        Future Value
             Calculates the future value of a single deposit or series of
             deposits. The interest rate may be changed at any time
             during the term. The deposits may be made in any amount
             either on a regular or irregular basis. The user also speci-
             fies a starting date, term, payment period, compounding
             period and whether the deposits are in advance or arrears.

             In addition to doing a quick future value calculation, this
             routine will do a schedule that shows the future value at
             the beginning or end of each period, as well as the deposit
             amount for the period (if any), the accumulated interest and
             the total principal.

        Present Value of an Amount
             Solves for the present value of a future amount. The routine
             prompts for the amount, the number of periods, the compound-
             ing frequency and the interest rate.

        Present Value of a Series
             Solves for the present value of a series of future payments.
             The payment amounts can be changed as well as the interest
             rate. Besides calculating a quick present value amount, this
             routine will also do a schedule that shows the individual
             payments, the value of the accumulating payments, the rate,
             and the running future and present values of the payments.

        Internal Rate of Return (New Routine)
             Takes a series of complicated cash flows and answers the
             question, "What is the rate of return on this deal?". You
             will be prompted to enter the initial investment and then
             the projected income from that investment as a series of
             positive or negative cash flows. The IRR result will tell
             you the return on your investment. Use this figure to com-
             pare what you could earn on your money using another invest-
             ment.

        Net Present Value
             Is an investment a good investment? Enter the minimum rate
             of return that is acceptable to you or your firm and then
             enter the cash flows that the investment will generate. If
             the NPV result is positive then the investment is exceeding
             your minimum requirement. On the other hand if it is nega-
             tive, it is not meeting your expectations.

             You may use this routine and the IRR for any investment from
             stocks and bonds to a capital investment in a plant.




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        Time To Withdrawal (Annuity Payout)
             Answers the question, "How long will an amount last assuming
             a regular withdrawal?" The amount withdrawn can be adjusted
             by an inflation factor. SolveIt! can calculate the results
             using either the Annuity Due or the Annuity in Advance
             Method. The user can also specify the payment and compound-
             ing periods.

             This routine reports not only the length of time that the
             funds will last, but also the total amount returned with
             interest, the net gain and the date of the last payment.

             A schedule can also be calculated. This schedule will show
             the payment amount, the interest for the period, the accumu-
             lated interest, the remaining balance and the total amount
             paid.

        Required Payment for a Future Sum
             Answers the question, "How much do I have to put away on a
             regular basis to reach some amount at a particular point in
             the future?" The routine asks the user for the interest
             rate, compounding periods, payment periods and the desired
             term. Besides calculating the required payment, SolveIt!
             also reports the total amount invested, the gain over the
             invested amount, the total years invested and how long it
             takes money to double at the prescribed scenario.

        Purchasing Power
             The Purchasing Power Routine looks at the value of money two
             ways. It calculates both the declining value and the equiva-
             lent value of an amount. The routine allows any amount to be
             entered and adjusted by any inflation rate over any period
             of time up to a maximum or 40 years. The inflation rate may
             be adjusted every year and the context sensitive help screen
             includes the percentage of change in the Consumer Price
             Index from 1960 through 1989.

             The equivalent purchasing power (constant dollars) will tell
             you how much money is equal in value to the original amount.
             The declining purchasing power tells you what the original
             amount is worth in current dollars. 

        Equivalent Interest Rate
             Is it better to invest money at 8.25% compounded quarterly
             or 8.12% compounded monthly? This routine will tell you the
             equivalent  rate to a given rate at a particular compounding
             period assuming a different rate of compounding.






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        Interest Rate Earned
             If you invested $10,000 in a venture that returned $18,900
             after 8.5 years, what was the yield on your original invest-
             ment? This routine lets you look at money compounded 8
             different ways.

        Loan Calculator
             You provide the Loan Calculator with three of the four
             standard loan variables, amount, term, interest rate or
             payment, and SolveIt! will solve for the unknown value. The
             routine also considers 8 different compound and payment
             periods and whether the payment is made in advance or ar-
             rears.

        Amortization Table
             The Amortization Routine is as powerful as any found in
             stand-alone amortization programs. The routine prompts you
             for the loan amount, the term, whether the loan is based
             upon a 360 or 365 day year, and the interest rate (or
             rates). This routine supports 8 different payment and com-
             pounding periods which may be set individually. (Choose
             from: daily, weekly, biweekly, monthly, bimonthly, quarter-
             ly, semiannually or annually.) You also get to select how
             the table will be displayed. That is, do you want the totals
             displayed based upon a calendar year, fiscal year or loan
             year. Finally, you provide the starting date, amortization
             method (Normal, Rules-of-78, Interest Only, Fixed Principal,
             or U.S. rule) and payment method (Arrears for standard loans
             or Advanced for leases).

             The resulting schedule will give both totals for the year
             displayed and from the origination date of the loan. The
             program will accept a change of interest rate (ARM) on any
             payment date. You may also skip payments. And you can make
             random or regular extra payments to be applied to principal.


             By pressing <S>, you will be able to summarize the loan
             through any period. That is, you will be shown the total
             amount of interest paid, total principal paid, the interest
             saved as the result of extra payments and the remaining
             balance.

             Finally, the Amortization Routine will also handle a loan
             that is being negatively amortized (i.e. accrued interest)
             over all or part of its term.







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        Balloon Payment
             The Balloon Payment will tell you what the periodic payment
             will be for a loan when you specify a loan amount, term,
             interest rate, payment method and period, compounding peri-
             od, balloon payment amount and balloon payment number. This
             gives you the power to design a loan to fit your criteria. 

        Accelerated Payment
             While the Amortization Routine will calculate interest saved
             for random or regular extra payments of any amount, the
             Accelerated Payment Routine will very quickly solve for the
             interest saved and calculate the reduced term for a series
             of regularly paid extra payments.

        Remaining Balance
             Calculates the remaining balance of a loan after any pay-
             ment. Again, this is a very fast routine to use. You fill-
             in-the-blanks, and SolveIt! will instantly calculate the
             results. Nothing could be simpler. Loans can be paid using
             one of eight different payment periods and the loan may be
             compounded in one of eight different ways. Like the other
             loan routines, the payments may be paid either in advance or
             in arrears.

        Interest Due & Calendar Math (New Routine)
             The Interest Due Calculator is a new feature with SolveIt!
             4.0. Using this routine, you will be able to calculate how
             much interest is due for any number of days or between any
             two dates. SolveIt! prompts you to enter either a starting
             date or ending date or the number of days. You enter any two
             of the three values. Then you enter the amount, interest
             rate, payment and compounding period. The routine will not
             only solve for how much interest is due, it will also tell
             the day of the week for the starting and ending dates.

             We can not imagine a more flexible interest due calculator
             than this one. If you are due interest today on a financial
             instrument that you know you had to hold for 45 days, just
             enter today's date as the ending date, and 45 days for the
             term and SolveIt! will tell you the date that the financial
             instrument was purchased on as well as the interest due you.
             Since this routine calculates the starting date, you can
             compare the calculation with the date you actually bought
             the security. This enables you to check to make sure that
             the term was actually 45 days and not 46 or 47 days.

             This routine supports both long and short periods as defined
             by The U.S. Government's Truth-In-Lending Act, Regulation Z,
             Appendix J. Therefore it is also a handy routine to use to
             calculate how much interest is due on a loan when a loan is
             being paid off on other than a payment due date.


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        Gross Profit Margin
             If you are a stock and bond trader or in a retail wholesale
             business, and you want to see what the gross profit is for a
             series of trades or sales, then this routine will handle the
             task for you. You enter quantities and cash flows for
             amounts spent and received. The program will calculate the
             gross profit, total cost and total revenue as well as the
             return on investment and gross profit margin.

             This routine is particularly handy if you are a trader who
             might buy 1,000 units of an item at one price and then sell
             the 1,000 units at different prices over many different
             transactions. Of course the Gross Profit Margin routine will
             allow you to do many different purchases of an item at
             different prices as well.

             Believe us, as traders, when we tell you that this routine
             is by far easier to use than your desk top calculator for
             all but the very simplest sales transactions.

        Weighted Average and Analysis
             This routine will take the values from the Gross Profit
             Margin routine and do some basic analysis on the numbers
             such as weighted averages, minimum and maximum values on
             both the costs and the revenue. You are also given the
             opportunity to key in a new set of values or to edit the
             existing values.

        Break Even Analysis
             In a matter of seconds you will be able to determine not
             only the break even point for any business or department but
             also the gross sales needed to achieve break even. Gross
             sales at break even is an important concept. For often a new
             business person will achieve a large cash flow, but he will
             not be aware of future payables and therefore redirect cash
             flow out of the business. 

             By using this routine, you can determine not only the number
             of units that need to be sold or the number of hours billed
             to break even but also what level of gross sales you need to
             have to be at break even. Sometimes it is more difficult to
             track inventory or hours billed, than it is to track the
             gross income of a business. By using this routine and know-
             ing your gross sales, you will be able to calculate whether
             you are below, at, or above break even.

             This routine prompts you for a series of fixed costs, vari-
             able costs and if applicable for a series of costs associat-
             ed with the product or products sold. In addition to a break
             even figure and gross sales at break even, fixed, variable
             and material costs are reported as a percentage of sales.


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        Economic Ordering Quantity (EOQ)
             If you buy large quantities of an item, this routine will
             tell you the most economical quantity to buy considering
             your overhead costs and the time value of money. Use this
             routine to do a quick check to see if you are over or under
             ordering. Remember, inventory costs can kill.

        Affordable House
             If you use this routine you will very quickly know how much
             you can afford to spend on a home given your life style. The
             routine asks you for your gross annual income, the cash you
             have available for a down payment, the term of the mortgage,
             the interest rate plus the estimated taxes, insurance, and
             maintenance. Finally, you are asked what percentage of your
             gross income you want to devote toward housing. SolveIt!
             calculates the total price of a home that you can afford,
             the amount of financing needed and what percentage the cash
             available is of the total house price so you can see if the
             terms for the downpayment of the lending institution are
             met.

        Second Mortgage Calculator
             Often, when one property is being sold and a second property
             is being bought, a short term bridge loan is needed since
             the proceeds from the first sale are not available when it
             is time to close on the second property. This routine will
             calculate the first and second mortgage payment. It is
             assumed that the second mortgage is only a short term loan
             on which only interest is being paid.

        Rental Income Analysis
             This routine will do a very complete analysis of income
             derived from rental units. It looks at variables such as the
             purchase price of the property, your tax bracket, monthly
             expenses, percentage occupied and property tax to name a
             few. SolveIt! allows you to assume different inflation rates
             for maintenance, rent and property tax increases. The rou-
             tine will calculate mortgage costs using one of three meth-
             ods for one or two mortgages. Depreciation, business use
             percentage and useful life are also considered. The bottom
             line result will be the profitability of the property.

             A cash flow schedule is also generated by the program show-
             ing the cash flow before and after tax considerations.









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        Budget
             The budget routine will now allow you to work with both
             protected and actual income and expenses. You can work with
             up to six different categories of income and thirty one
             categories of expenses. The description for each income and
             expense may be change by the user so that the budget may be
             set up for an individual, a small business or a department
             in a large corporation. 

             The routine tracks income and expenses over any twelve month
             period and generates several cash flow reports. Totals for
             all items are reported on a twelve month basis as well. A
             report comparing Actual figures as a percentage of the
             projected figures is generated without any rekeying of data.

        Net Worth
             This routine will calculate an individuals net worth. Often,
             a borrower will have to present a net worth statement to a
             bank when seeking a loan. This routine will perform such a
             calculation in a matter of seconds. Just spend a few minutes
             filling in the values that SolveIt! is asking for such as
             the value of your car, cash in the bank, credit card balanc-
             es, etc. And it will tell you your net worth as fast as you
             can press the <F9> key.

        MACRS Depreciation
             The routine displays a depreciation schedule using the
             method as defined by the 1986 tax law. All data from the
             IRS's tables are include in the program so there is no need
             to use the government's tables. And in fact, if you have
             questions about depreciation, the help screens are a handy
             reference tool for they quote liberally from IRS Publication
             534. SolveIt! supports all conventions and both the Acceler-
             ated Method as well as the Alternate Straight Line method of
             depreciation.

        ACRS Depreciation (New Routine)
             If you have an asset placed into service before 1987, then
             you probably need to depreciate the asset using this method
             as defined by the federal government.

        Other Depreciation Routines
             SolveIt! also supports three other generally used methods of
             depreciation. They are the Straight Line Method, the Sum-of-
             Years-Digits Method and the Declining Balance Method. 

**************************************************

        SOLVEIT! v. 4.2 added Bond yield and value routines. These routines
             will allow you to compare up to 3 bonds at one time. You may
             also optionally factor in taxes and/or inflation.


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