MobyQuote personal edition is an intuitive calculator with similar functionality to an HP financial calculator:
- Select Yield Basis – Choose what type of yield you need to achieve e.g. Monthly Nominal or Annual then set the value.
- Enter Sale Price – Enter the sale price of the asset and any deposit to be deducted. The installment payment is then calcuated as you are entering these values.
- Solve Function – You can enter the repayment that you need to achieve and MobyQuote will calculate the value that the Yield, Sale Price, Deposit, Term, Subsidy or Balloon need to be in order to achieve it.