Finance Workbench for the iPhone provides you with an all encompassing solution to guage your net worth.
Key features of the Finance Workbench Include:
* Compound Interest Calculator: Calculate the accumalated interest over time.
* EMI Calculator: Know how much you need to pay each month towards your loan.
* Internal Rate of Return (IRR): Measure and Compare the profitability of your investments
* Black-Scholes Calculator: Figure out the value of a call or put option based on the scrip price, strike price, days to expiration, volatility and risk free interest rate.
* Standard Deviation Calculator: Calculate the ‘dispersion’ from the ‘average’.
* Geometric Mean Calculator: Use ‘Geometric Mean’ to yield the Compound Annual Growth Rate (CAGR)
* Correlation Calculator: Determine the degree of relationship between 2 variables over a period
* Beta: Calculate the expected return of a portfolio by measuring it’s volatility to the market as a whole.
With the Finance Workbench you can take control of your finances and analyse the performance of your portfolio using various statistical tools and calculators.