CVTMONEY CONVERT MONEY TAAMBRI |
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The Convert Money tool allows a CL program to calculate such functions as how much money is owed each month on a typical mortgage calculation. Use DSPMONEY for an interactive interface. Several commands are provided. CVTMONGROW How much will an initial amount grow to that is invested for a certain number of years? CVTMONLOAN What is the periodic payment amount if a certain amount is borrowed for a specific number of years? This is the typical mortgage calculation. CVTMONPV What is the present value of money? You will receive an amount in the future. What would someone pay you today for the promise to receive the full amount in the future. CVTMONLVL How much money will be accumulated if you make level payments for a certain number of years? CVTMONANU How much money will you need to establish an annuity that will pay you a level income for a period of years? CVTMONFUND You want to accumulate a certain amount of money at a specific date in the future. How much do you need to invest each period? CVTMONDIST You have a sum of money today and want to distribute it with fixed amount distributions. How many distributions can be made? The DSPMONEY tool provides an interactive display for the same corresponding functions. It also provides listings. CVTMONEY provides return variables for the important values. A typical CVTMONGROW command would be: DCL RTNAMT *DEC LEN(15 2) . CVTMONGROW INLAMT(100000) INTRATE(3.25) RTNAMT(&RTNAMT) The defaults for CVTMONGROW are to compound interest monthly for 10 years. The return amount would be 138,342.22. Escape messages you can monitor for ----------------------------------- None. Escape messages from based on functions will be re-sent. CVTMONGROW Command parameters *CMD ----------------------------- INLAMT The initial amount of money to be invested. INTRATE The interest rate to be earned. Six and one half percent should be entered as 6.5. COMPOUND The frequency in which the interest will be compounded. The default is *MTHLY. The other values which may be entered are *DAILY, *WEEKLY, *QTRLY, *SEMIAN, and *ANN. YEARS The number of years that the money is to accumulate. Only full years are considered. The default is 10. STRYEAR The year to start. The default is *CUR for the current year. TAXRATE The tax rate to be considered for the earned interest. The default is 0. Entering a tax rate lets you see the net interest that is being accumulated. RTNAMT A required return parameter for the amount accumulated. The return variable must be declared as *DEC LEN(15 2). CVTMONLOAN Command parameters *CMD ----------------------------- LOANAMT The amount to be loaned. INTRATE The interest rate to be charged. Six and one half percent should be entered as 6.5. YEARS The number of years to repay. Only full years are used. The default is 10. STRYEAR The year to start. The default is *CUR which means the current year. STRMTH The month to start. The default is *CUR for the current month. PAYFREQ The payment frequency. The default is *MTHLY. Other values which may be entered are *BIMTH, *QTRLY, *SEMIAN, and *ANN. ADDPRN The additional principal amount. The default is 0. This amount does not reduce the regular payment. It allows you to pay off the loan earlier by paying a fixed amount every period (in addition to the regular payment) to reduce the principal. This has the effect of reducing the number of pay periods and causing the last payment to be less than the normal amount. For example, if your monthly payment is 312.45, you can pay an additional 100.00 per month to help reduce the principal and thus pay off the loan earlier. PAYAMT The amount to be paid each period. This is a required return parameter that must be specified as *DEC LEN(15 2). LSTPAY The amount to be paid for the last period. This may be meaningful if additional principal is being paid. This is an optional return parameter that must be specified as *DEC LEN(15 2). NBRPAY The total number of payments. This may be meaningful if additional principal is being paid. This is an optional return parameter that must be specified as *DEC LEN(7 0). CVTMONPV Command parameters *CMD --------------------------- AMT The amount of money to be received at the end of the period. INTRATE The interest rate to be used. Six and one half percent should be entered as 6.5. COMPOUND The frequency in which the interest will be compounded. The default is *MTHLY. The other values which may be entered are *DAILY, *WEEKLY, *QTRLY, *SEMIAN, and *ANN. YEARS The number of years that the money is to be discounted. Only full years are considered. The default is 10. RTNAMT The present value of the money. This is a required return parameter that must be specified as *DEC LEN(15 2). CVTMONLVL Command parameters *CMD ---------------------------- LVLAMT The amount you plan to invest per period. INTRATE The interest rate to be earned. Six and one half percent should be entered as 6.5. LVLFREQ The frequency in which you plan to invest. The default is *MTHLY. The other values which may be entered are *QTRLY, *SEMIAN, and *ANN. It is assumed that the interest will be compounded at the same frequency as your investment. YEARS The number of years that the money is to accumulate. Only full years are considered. The default is 10. STRYEAR The year to start. The default is *CUR for the current year. STRMTH The month to start. The default is *CUR for the current month. INLAMT The initial amount of money (if any) to begin with. The default is 0 meaning no initial amount. TAXRATE The tax rate to be considered for the earned interest. The default is 0. Entering a tax rate lets you see the net interest that is being accumulated. RTNAMT The return amount of money that has been accumulated. This is a required return parameter that must be specified as *DEC LEN(15 2). CVTMONANU Command parameters *CMD ---------------------------- AMTRCV This is the amount you want to receive at each period. INTRATE The interest rate to be earned. Six and one half percent should be entered as 6.5. RCVFREQ The frequency in which you will receive the money. The default is *MTHLY. The other values which may be entered are *QTRLY, *SEMIAN, and *ANN. The frequency you receive the money is assumed to be the same as the frequency that the interest is compounded. YEARS The number of years that the money is to be paid out. Only full years are considered. The default is 10. RTNAMT The total amount of money that must be invested to achieve the annuity. This is a required return parameter that must be specified as *DEC LEN(15 2). CVTMONFUND Command parameters *CMD ----------------------------- TOTAMT The total amount of money to be accumulated. INTRATE The interest rate to be earned. Six and one half percent should be entered as 6.5. YEARS The number of years to pay into the fund. The default is 10. STRYEAR The year to start. The default is *CUR for the current year. STRMTH The month to start. The default is *CUR for the current month. PAYFREQ The payment frequency. The default is *MTHLY. Other values which may be entered are *QTRLY, *SEMIAN, and *ANN. TAXRATE The tax rate to be considered for the earned interest. The default is 0. Entering a tax rate lets you see the impact of paying taxes on the earned interest. PAYAMT The periodic amount that must be paid to achieve the fund level. This is a required return parameter that must be specified as *DEC LEN(15 2). PAYNBR The number of payments from the fund. This is an optional return parameter that must be specified as *DEC LEN(7 0). CVTMONDIST Command parameters *CMD ----------------------------- INLAMT The initial amount of money that exists to be distributed. DSTAMT The distribution amount for each period. This is a level amount for each period. INTRATE The interest rate to be earned. Six and one half percent should be entered as 6.5. DSTFREQ The distribution frequency. How often will the distribution amount be distributed. The default is *MTHLY. Other values which may be entered are *QTRLY, *SEMIAN, and *ANN. STRYEAR The year to start. The default is *CUR for the current year. STRMTH The month to start. The default is *CUR for the current month. TAXRATE The tax rate to be considered for the earned interest. The default is 0. Entering a tax rate lets you see the impact of paying taxes on the earned interest. It is assumed the initial amount is tax free. PAYNBR The number of payments that will be made. This is a required return parameter that must be specified as *DEC LEN(7 2). LSTPAY The amount of the last payment. This is an optional return parameter that must be specified as *DEC LEN(15 2). Restrictions ------------ None. Prerequisites ------------- The following TAA Tools must be on your system: EDTVAR Edit variable RSNLSTMSG Resend last message RTVDAT Retrieve date RTVSYSVAL3 Retrieve system value 3 SNDCOMPMSG Send completion message SNDESCINF Send escape information SNDESCMSG Send escape message SNDSTSMSG Send status message Implementation -------------- None, the tool is ready to use. Objects used by the tool ------------------------ Object Type Attribute Src member Src file ------ ---- --------- ---------- ---------- CVTMONGROW *CMD TAAMONB QATTCMD CVTMONLOAN *CMD TAAMONB2 QATTCMD CVTMONPV *CMD TAAMONB3 QATTCMD CVTMONLVL *CMD TAAMONB4 QATTCMD CVTMONANU *CMD TAAMONB5 QATTCMD CVTMONFUND *CMD TAAMONB6 QATTCMD CVTMONDIST *CMD TAAMONB7 QATTCMD TAAMONBC *PGM CLP TAAMONBC QATTCL TAAMONBC2 *PGM CLP TAAMONBC2 QATTCL TAAMONBC3 *PGM CLP TAAMONBC3 QATTCL TAAMONBC4 *PGM CLP TAAMONBC4 QATTCL TAAMONBC5 *PGM CLP TAAMONBC5 QATTCL TAAMONBC6 *PGM CLP TAAMONBC6 QATTCL TAAMONBC7 *PGM CLP TAAMONBC7 QATTCL TAAMONBR *PGM RPG TAAMONBR QATTRPG TAAMONBR2 *PGM RPG TAAMONBR2 QATTRPG TAAMONBR3 *PGM RPG TAAMONBR3 QATTRPG TAAMONBR4 *PGM RPG TAAMONBR4 QATTRPG TAAMONBR5 *PGM RPG TAAMONBR5 QATTRPG TAAMONBR6 *PGM RPG TAAMONBR6 QATTRPG TAAMONBR7 *PGM RPG TAAMONBR7 QATTRPG Structure --------- CVTMONGROW Cmd TAAMONBC CL TAAMONBR RPG CVTMONLOAN Cmd TAAMONBC2 CL TAAMONBR2 RPG CVTMONPV Cmd TAAMONBC3 CL TAAMONBR3 RPG CVTMONLVL Cmd TAAMONBC4 CL TAAMONBR4 RPG CVTMONANU Cmd TAAMONBC5 CL TAAMONBR5 RPG CVTMONFUND Cmd TAAMONBC6 CL TAAMONBR6 RPG CVTMONDIST Cmd TAAMONBC7 CL TAAMONBR7 RPG |

Added to TAA Productivity tools October 15, 2013

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