Uneven Cashflow is a Shareware product.
It is not free.  Shareware products are supported
by computer users who feel that a software
product is useful and is worth the requested fee.

If you are using this product please send
Ten Dollars to:

       Anonymous Programmer Software Co.
               P.O. Box 39513
              Downey, Ca. 90241

Uneven Cashflow is a Financial Services Product.
It was designed with ease of use in mind and contains
this on-line help facility.

Uneven Cashflow has three main functions.
It will calculate the Net Present Value,
the Internal Rate of Return and the Financial Management
Rate of Return of an Investment.

Uneven Cashflow contains an editor and has the ability
to store cashflow scenarios.  To edit a file, either
move the cursor to "EDIT" and press "ENTER" or simply
press "E" for EDIT.  A banner will display "EDITTING:"
along with the name of the file.

To edit a field, place the cursor on it
and then press "Enter".  The field
will then be modifiable.  After modifying a field
either press "Enter" or move a cursor key.  Press
"ESC" to exit the editor.

The Uneven Cashflow Profile is used to set constraints
for various program functions.

Net Present Value is the calculated difference between
the cost of an investment and the discounted value of
future cashflows.  Net Present Value requires a discount
rate (generally your cost of capital). A default interest
rate is provided.  However, it may be changed in the Profile.

Additionally, if you do not wish to be continually prompted
for a discount rate, you may turn Discount Rate Prompting off
in the Profile.

The three interest rate variables; High Interest Rate,
Interim Interest Rate and Low interest Rate are all used
by the Internal Rate of Return function as starting values.

If you have a good idea as to what the answer to a
calculation will be, you can affect the performance
of Internal Rate of Return by adjusting these variables.
The Interim Interest Rate is the Interest Rate that Internal
Rate of Return will begin.
The High Interest Rate is the High Water Mark of the range
of interest rates which Internal Rate of Return considers
"Reasonable".  Conversely, the Low Interest Rate is the
low end of the interest rate range.

This should not be construed to mean
that an interest rate outside of this
range is incalculable.  Internal Rate of Return will
eventually realize that the range is inappropriate and
adjust accordingly.  However, if Internal Rate of Return
calculations seem slow, adjusting these variables
may dramatically improve response time.

The Error Margin Variable determines when Internal
Rate of Return has found a usable anwser.  Internal Rate of
Return is the Discount Rate which when used to calculate
Net Present Value returns an answer of zero.  The Error Margin
Variable is the allowable percentage difference between the
discounted cashflow value and the Present Value (the first cashflow).
The default Error Margin is 1 percent.

Therefore if

            Discounted Cashflow - Present Value
            -----------------------------------  * 100
                        Present Value

is less than 1 then a valid answer has been found.

PLEASE NOTE: This is NOT a 1 percent error in
             in Internal Rate of Return.  It is a 1
             percent error between calculated and
             actual cashflows.

If a one percent error margin is not accurate enough
you can change this value in the Profile.
However, Internal Rate of Return will run longer when
trying to determine an extremely accurate answer.

The Financial Management Rate of Return calculates a
return which can be more realistic than the Internal
Rate of Return.  The Internal Rate of
Return may not be accurate for small cashflows, eg.,
you may have to place a small cashflow in
a passbook savings account at 5 1/4 percent interest.

The Financial Management Rate of Return will make
allowances for these real world situations by allowing
a "Safe Rate" and a "Risk Rate".  The Safe Rate is the
rate you can expect to receive for small stipends.
The Risk Rate is the rate you expect to receive for
participating in a relatively "illiquid" investment.

Default Safe Rates and Risk Rates may be set in the Profile.
Also, prompting for the two rates may be turned on or
off.