Overview of the Fund Element

The Fund element simulates funds and accounts with specified deposits, withdrawals, and interest rates.  This element is used to model bank accounts and loans and other financial components that are governed by an interest rate.

The property dialog looks like this:

After specifying the currency units you wish to use, you must specify how interest is calculated.  This includes the interest rate, the type of compounding (e.g., continuous, quarterly, annually) and how the compounding is computed (i.e., based on an average or minimum balance).

You then specify an initial balance, and deposits and withdrawals (which can be entered as continuous rates or discrete items).

The key outputs are the fund balance and the cumulative interest paid:

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