Calcemy

Calcemy is a financial calculator. The calculations are appropriate for all nations, however it has been specifically targeted at UK market for business lending. The app works on iPhone, iPad and Mac (with Apple silicon). It currently has the following features:

Specific entry screens for Loan, HP and Lease.

Solve For a Target - You can choose whether to enter a loan advance amount and calculate the payment or alternatively, enter the payment values and calculate the loan advance.

Deposit - You can add an additional payment right at the start of the loan period.

Residual - You can enter the balance outstanding at the end of the term.

Compounding - You can vary the compounding method and compounding period.

Cost of Funds and Margin - You enter the yield required by the lender in its component parts of CoF plus Margin.

Initial Payments - You enter the multiple of the normal payment which is to be paid on the start date.

Payment Frequency - Is how often the borrower has to make the regular payments (Monthly, Quarterly, Semi-Annual or Annual).

Initial Pause - Is the number of months from the start of the agreement to the first regular payment is made by the borrower.

Regular Payments - Is the number of regular payments made by the borrower. i.e. the total number of payments minus any initial payments made.

Terminal Pause - Is the number of months from the last regular payment to the end of the agreement when any residual or end fee is paid.

Subsidy - This is the amount received by the funder from a vendor or manufacturing partner.

Commission - Is the amount paid by the funder to any intermediary (equipment dealer or broker).

NPV - this read only field is the Net Present Value of the deal to the funder. i.e. it is all positive cashflows minus all negative cashflows discounted using the Cost Of Funds.

You can also:

Send details of a quote from the app via email and also import quotes performed by other users into your app.

Set the date of the first regular payment.

Seasonal Payment Profile - You can vary the payment amount depending upon the month of the year that payment falls in.

Variable Payment Profile - You can fix any payment in the profile and also add additional sundry payments (such as a VAT deferral).

Project Drawdown Profile - You can add extra loan amounts timed after the initial loan advance.

Terms of Use are available at:
https://www.calcemy.com/user-licence-terms-conditions