r21261 - gnucash-docs/trunk - Bug #659147 : Use Loan repayment calculator instead of financial calculator, fix some minor mistakes and add some tagging.
Cristian Marchi
cmarchi at code.gnucash.org
Sat Sep 17 05:50:52 EDT 2011
Author: cmarchi
Date: 2011-09-17 05:50:52 -0400 (Sat, 17 Sep 2011)
New Revision: 21261
Trac: http://svn.gnucash.org/trac/changeset/21261
Modified:
gnucash-docs/trunk/guide/C/ch_loans.xml
gnucash-docs/trunk/help/C/Help_ch_GUIMenus.xml
gnucash-docs/trunk/help/C/Help_ch_Tools_Assistants.xml
Log:
Bug #659147 : Use Loan repayment calculator instead of financial calculator, fix some minor mistakes and add some tagging.
Modified: gnucash-docs/trunk/guide/C/ch_loans.xml
===================================================================
--- gnucash-docs/trunk/guide/C/ch_loans.xml 2011-09-16 09:25:44 UTC (rev 21260)
+++ gnucash-docs/trunk/guide/C/ch_loans.xml 2011-09-17 09:50:52 UTC (rev 21261)
@@ -154,11 +154,11 @@
<para>Determining loan amortization schedules, periodic payment amounts,
total payment value, or interest rates can be somewhat complex. To help
- facilitate these kinds of calculations, <application>&app;</application> has a built-in Financial
- Calculator. To access the calculator, go to <menuchoice>
+ facilitate these kinds of calculations, <application>&app;</application> has a built-in
+ <guilabel>Loan Repayment Calculator</guilabel>. To access the calculator, go to <menuchoice>
<guimenu>Tools</guimenu>
- <guimenuitem>Financial Calculator</guimenuitem>
+ <guimenuitem>Loan Repayment Calculator</guimenuitem>
</menuchoice>.</para>
<screenshot id="loans_fcalc">
@@ -169,14 +169,14 @@
</imageobject>
<textobject>
- <phrase>Financial Calculator</phrase>
+ <phrase>Loan Repayment Calculator</phrase>
</textobject>
- <caption><para>The <application>&app;</application> Financial Calculator.</para></caption>
+ <caption><para>The <application>&app;</application> <guilabel>Loan Repayment Calculator</guilabel>.</para></caption>
</mediaobject>
</screenshot>
- <para>The Financial Calculator can be used to calculate any one of the
+ <para>The <guilabel>Loan Repayment Calculator</guilabel> can be used to calculate any one of the
parameters: <guilabel>Payment Periods</guilabel>, <guilabel>Interest
Rate</guilabel>, <guilabel>Present Value</guilabel>, <guilabel>Periodic
Payment</guilabel>, or <guilabel>Future Value</guilabel> given that the
@@ -250,22 +250,24 @@
<para>How long will you be paying back a $20000 loan at 10% fixed rate
interest compounded monthly if you pay $500 per month?</para>
- <para>To perform this calculation, leave Payment Periods empty, set
- Interest Rate to 10, Present Value to 20000, Periodic Payment is -500,
- and set Future Value is 0 (you do not want to owe anything at the end of
- the loan). Compounding is Monthly, Payments are Monthly, assume End of
- Period Payments, and Discrete Compounding. Now, click on the
- <guibutton>Calculate</guibutton> button next to the Payment Periods
- area. You should see 48.</para>
+ <para>To perform this calculation, leave <guilabel>Payment Periods</guilabel> empty, set
+ <guilabel>Interest Rate</guilabel> to <emphasis>10</emphasis>, <guilabel>Present Value</guilabel>
+ to <emphasis>20000</emphasis>, <guilabel>Periodic Payment</guilabel> is <emphasis>-500</emphasis>,
+ and <guilabel>Future Value</guilabel> is <emphasis>0</emphasis> (you do not want to owe anything
+ at the end of the loan). <guilabel>Compounding</guilabel> is <emphasis>Monthly</emphasis>,
+ <guilabel>Payments</guilabel> are <emphasis>Monthly</emphasis>, assume <guilabel>End</guilabel>
+ of <guilabel>Period</guilabel> payments, and <guilabel>Discrete</guilabel> <guilabel>Compounding</guilabel>.
+ Now, click on the <guibutton>Calculate</guibutton>. You should see 49 in the
+ <guilabel>Payment Periods</guilabel> field.</para>
- <para>Answer: You will pay off the loan in 4 years (48 months).</para>
+ <para>Answer: You will pay off the loan in 4 years and 1 month (49 months).</para>
</sect2>
<sect2 id="loans_calcsdetails2">
<title>Advanced: Calculation Details</title>
<para>In order to discuss the mathematical formulas used by the
- Financial Calculator, we first must define some
+ <guilabel>Loan Repayment Calculator</guilabel>, we first must define some
variables.
<literallayout>
n == number of payment periods
@@ -366,7 +368,7 @@
<para>Let’s recalculate <xref linkend="loans_calcsexample1_2"/>,
this time using the
- mathematical formulas rather than the Financial Calculator. What is
+ mathematical formulas rather than the <guilabel>Loan Repayment Calculator</guilabel>. What is
your monthly payment on a $100000 30 year loan at a fixed rate of 4%
compounded monthly?</para>
@@ -568,7 +570,7 @@
<para>You have a number of different options, like paper and pen,
Linux Calculator, Open Office’s Calc module, but the easiest is to use
- <application>&app;</application> Financial Calculator. This tells you that the Monthly Payment
+ <application>&app;</application> <guilabel>Loan Repayment Calculator</guilabel>. This tells you that the Monthly Payment
should be $115.56.</para>
<para>But you need to know how much of this is Interest and how much is
@@ -1129,21 +1131,22 @@
</sect1>
-
+<!--
<sect1 id="loans_missing1">
<title>Missing Loan Documentation</title>
<literallayout>
-Entering a Payment Schedule
-Monthly Payments (How-To)
- ---See the Mortgage assistant
- ----ARM 10/1 means 10 year fixed interest rate, then changes every year
- ----ARM 10/3 means 10 year fixed interest rate, then changes every third year
+ -See the Mortgage assistant
+ -ARM 10/1 means 10 year fixed interest rate, then changes every year
+ -ARM 10/3 means 10 year fixed interest rate, then changes every third year
-Final Payment (How-To)
- ---Same as a normal payment, but you get the figures from the bank
- ---How to fix 10 amortization and then a final bulk payment setup?
+ -Same as a normal payment, but you get the figures from the bank
+ -How to fix 10 amortization and then a final bulk payment setup?
-Putting It All Together
</literallayout>
</sect1>
+-->
</chapter>
Modified: gnucash-docs/trunk/help/C/Help_ch_GUIMenus.xml
===================================================================
--- gnucash-docs/trunk/help/C/Help_ch_GUIMenus.xml 2011-09-16 09:25:44 UTC (rev 21260)
+++ gnucash-docs/trunk/help/C/Help_ch_GUIMenus.xml 2011-09-17 09:50:52 UTC (rev 21261)
@@ -1491,7 +1491,7 @@
</row>
<row>
- <entry><para><guimenuitem>Financial Calculator</guimenuitem></para></entry>
+ <entry><para><guimenuitem>Loan Repayment Calculator</guimenuitem></para></entry>
<entry><para>Details at <xref linkend="tool-calc"></xref></para></entry>
</row>
Modified: gnucash-docs/trunk/help/C/Help_ch_Tools_Assistants.xml
===================================================================
--- gnucash-docs/trunk/help/C/Help_ch_Tools_Assistants.xml 2011-09-16 09:25:44 UTC (rev 21260)
+++ gnucash-docs/trunk/help/C/Help_ch_Tools_Assistants.xml 2011-09-17 09:50:52 UTC (rev 21261)
@@ -1966,9 +1966,9 @@
</sect1>
<sect1 id="tool-calc">
- <title>Financial Calculator</title>
+ <title>Loan Repayment Calculator</title>
- <para>The Financial Calculator is used to calculate compound interest. It provides a way of entering four of
+ <para>The <guilabel>Loan Repayment Calculator</guilabel> is used to calculate compound interest. It provides a way of entering four of
the five parameters of a compound interest calculation and then calculating the remaining figure.</para>
<para>The calculator is split into two panes. The left pane has five fields with a <guilabel>Calculate</guilabel>
@@ -2042,7 +2042,7 @@
</listitem>
</itemizedlist>
- <para>Examples of using the Financial Calculator are given in the Tutorial and Concepts Guide.
+ <para>Examples of using the <guilabel>Loan Repayment Calculator</guilabel> are given in the Tutorial and Concepts Guide.
<ulink url="http://svn.gnucash.org/docs/guide/loans_calcs1.html"> <application>&app;</application> Tutorial and Concepts Guide’s
Chapter on Loans</ulink>
</para>
More information about the gnucash-changes
mailing list