Account Distributions and Loans

Note:The Loan calculator uses the same calculations as the Account Distribution calculator but uses different terminology in prompts and reports. For example, for distributions the first prompt is 'Current Account Value', for loans it is 'Loan Value'.

Account Distributions can calculate any of the following values for a distribution (if the Loan value names differs, it is shown in parenthesis following the distribution value name):

1.Current Value (Loan Value)

2.Interest Rate

3.Number of Years

4.Projected Value (Balloon Payment)

5.Withdraws Per Year (Payments per Year)

6.Withdraw Amount (Payment Amount)

After selecting the calculation type, enter the other values. The calculated value will be displayed below the other items.

Notes: When calculating any value except the Current Value (Loan Value) and Projected Value (Balloon Payment), the calculation will be made as close as as possible, and then the Projected Value (Balloon Payment) will be re-calculated.

Current Account Value (Loan Value)

Enter the current account balance (or loan value).

Type of Distribution (Type of Payment)

If the distributions or payments increase annually, select the method that they change by.

# of Distributions per Year (# of Payments per Year)

Enter the number of distributions or payments per year.

Distribution Amount (Payment Amount)

Enter the initial value of the deposit. If a Type of Distribution/Type of Payment method was selected other than 'Level...' then the deposits will increase after the first year.

Distributions Made at (Payments Made at)

Select whether deposits are made at the beginning or end of a period. For example, on a 12 pay, select whether the distributions/payments are made at the beginning or end of the month.

Interest Rate

Enter the effective annual interest rate.

Note:Interest rates may be changed in future years after a calculation is made by editing the values displayed in the grid.
The interest rate can not exceed 12.0000%.

Final Account Value (Balloon Payment)

Enter the hypothetical account value at the end of the distribution (loan).