Click New Accounts File on the File menu. This will create a new account with all amounts set to zero.
Initially we only want see the effects over one year
so click "1" in the Years dropdown
list.
Ensure that the Initial Funds button
is in the down position, so that the text box is editable, and the
Initial Funds figure is included in all calculations.
Now enter a
figure of $100,000 in the text box and press the ENTER key.
The amount in Initial Funds - $100,000
in this case - is instantly distributed between the Primary and
Secondary accounts, in the proportions set in the Split control
(50-50 is the program default). The opening balances of the two accounts
are shown in the table, in the first column of figures, and are also
represented by the height of the first bar in each chart.
Click the topmost small square buttons in the Split control.
This simplifies our example by allocating 100% of the Initial Funds
to the Secondary Account (upper chart).
Enter an interest rate of 10% for the Secondary Account either
by typing in the number (and pressing the ENTER key),
or by using the clickspin arrows.
The interest generated at this rate, $10,000, is shown in the Secondary
(Net Interest) row of the table, and has been added to the original
total
to make up the balance for the following year ($110,000).
Now click on the Tax/Inflation tab under the main Account
Details tab
to reach the tax control.
Make sure the Tax button is in
the down position. This causes all calculations to include whatever
tax has been set, and allows the tax rate to be edited.
Enter a tax rate of 25%, either by typing in the number
(and pressing the ENTER key), or by using
the clickspin arrows.
Notice that the sum shown in the Secondary (Net Interest) row
of the table (first year) has been reduced to $7,500.
Play around with the Tax clickspin control to see the table figures
and the chart display instantly relecting your changes.