The Fund element simulates funds and accounts with a specified initial balance, deposits, withdrawals, and interest rate. This element is used to model bank accounts and loans and other financial components that are governed by an interest rate (e.g., loans). You specify deposits and withdrawals, and the element outputs the current value of the Fund.
The default icon for the Fund element looks like this:
The property dialog looks like this:
Like all GoldSim elements, you first specify an Element ID and a Description.
Below the Description field, you specify the Currency units you wish to use. GoldSim will list all of the currencies that are in its units database (by default, this is dollars, euros, pounds sterling and yen, and you can easily add any additional currencies).
The details of the Fund element are discussed in the topics below. An example file which illustrates the use of Fund elements (Fund.gsm) can be found in the can be found in the Financial Examples folder in your GoldSim directory (accessed by selecting File | Open Example... from the main menu).
Learn more about:
Defining How Interest is Computed for a Fund Element
Specifying Initial Balance, Deposits and Withdrawals for a Fund Element