Category: Truth Tips

Truth Tip Loan Analysis Calculator

On the Loan Analysis calculator, you can title each of the loans (in addition to changing the title on the title bar) by right clicking on “loan 1” or “loan 2” and typing in 30 year mortgage and 15 year mortgage etc.

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Truth Tip on Borrowing Calculator

On the Borrowing Calculator, just left of the first loan, there is a blank white space where you can place your mouse and it will switch to a hand.  If you click on this, you’ll see the IRR on the entire deal you are looking at on that calculator.

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Life Expectancy

The Life Expectancy tables in the Truth Concepts Calulators “Tools” section show the AVERAGE number of years a particular person will live.  You can choose the age, male/female, standard/preferred, smoker/non-smoker and joint/single.  Then remember that the number of years you see in the L.E. column is an average.  For example, when a 35 year old male, preferred, non-smoker turns 65, there are 20.78 years of his life remaining on average.  This means 50% of the people will live longer than 20.78 years and 50% of the people will live less

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Truth Tip, All Calculators

When in Financial Calculators, Double Click on the word of the second calculator you want and it will come up.   For example, if you have the Rate Calculator up and now you want Future Value, just click on “Future” inside of the Rate Caclulator and you’ll get the Future Value Calculator.

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