Cash Flows is a investiment calculator released by Lakshmi Solutions LLC.
“Cash Flows is an easy to use “Time Value of Money” financial assistant. The application allows you to perform complex financial calculations on single payments, equal payments & growing payments flows.”
Cash Flows is a very simple application that allows you to calculate returns on investiments depending on the original amount, interest rates and length of the investiment.
You can select between 3 payment methods, which will get some different options, these are:
- Single Payment – One off payment and see have the interest alone will grow it.
- Equal Payments – A starting amount, and then a regular payment added along with the interest.
- Growing Payment – Acts as a guide to your monthly payments to make it equal over time.
The application does work well, and you can leave some of the boxes unchanged, but you do need to enter some of the date. The Present Value, Interest Rates and the Date Period / Number of Months.
As with all these types of applications, these are guidelines and no-one can guess interest rates for any period of time.
I would have personality have liked a way to entered a good, average and poor interest outcome to give myself a better idea of outcomes. As it stands I just had to enter the details three times and do this manually.
The user interface is nicely layout out and simply, however, to select between the payment types you need to tap the brown bar at the base of the screen, simple when you know it, but just not clear to a first time user.
On the upside:
- Functionality works well once learnt.
- Good selection of periods and date ranges.
On the downside:.
- Navigation was not immediately clear.
Overall, this is a very simple application that can help you plan your saving based on interest rates and time. The application feels like it is worth the purchase price, so if you are looking at help planning your savings it is worth a look.
Size: 2.8 MB
Price (at time of review): £0.79 ($0.99)