Six Functions of a $1

If you’re someone who’s been struggling to understand the concepts of finance especially about the time value of money, then your concern has been taken care of in an innovative way. Wondering how? Six Functions of a $1 app to your rescue it is! No more worrying about not being able to grasp the concepts. Read on to know what this app is equipped with and how can it help you in your daily-life.





Michael YOUNG

Release date

25th August, 2011





Operating system 


Compatibility – iPhone / iPad / iPod touch / Mac

Requires iOS 9.3 or later / iPadOS 9.3 or later / iOS 9.3 or later macOS 11 or later and a Mac with Apple M1 chip respectively.


1.9 MB



Current version


About MSYapps

MSYapps is a popular name when it comes to developing apps. What makes it even more popular is the filed that it caters to. This develops apps majorly focussing on fields like education, real-estate, financial services and sports. ‘Six Functions of a $1’ is yet another development in the category of finance. 

About Six Functions of a $1

Six Functions of a $1 is your one-stop destination when it comes to dealing with financial calculations that are commonly used in the areas of finance, economics, investment analysis, and valuation. 

No wonder, the name of the app is interesting enough to know what the six functions it’s talking about are. Well, the functions offered are – 

  • Future value
  • Future value of an annuity
  • Present value
  • Present value of an annuity
  • Sinking fund amount
  • Mortgage payment amount

For those wondering what these functions are and how to apply them in real life, keep reading to know about the functions offered by this application in detail.

Six Functions of a $1

Future value: It is quite understood that a thing that’s worth “x” today will be worth something else, say “y” in the future, of course in monetary terms. This is because there are several factors to be accounted. For example – inflation. Simply put, if you want to find out how much an amount (say, 100 rupees) is worth some “n” years from now, at an annual return of say “p” %, then you can get the required result using this app. 

Future value of an annuity: Before understanding this, it is important to know what an annuity is. An annuity is a fixed payment made that’s made regularly. For example, if you pay a rent of 5000 rupees every month then that is called an annuity. Now that annuity is understood, it is quite easy to interpret what future value of annuity means. As evident as it can get, it talks about what will be the value of annuity after a period of time at a particular rate of interest. All this is taken care of by this application.

Present value: Just like future value gives an idea of how much a particular amount would be worth in the future, the present value talks about how much an amount “x” some “n” periods from now is worth today at a particular rate of return. 

Present value of annuity: Similar to the future value of annuity, this also focuses on annuity. But the difference lies in the fact that here the aim is to find out what would be the value of annuity as of today.

Sinking fund: Sinking fund is the one where a fund is formed resulting out of money set aside or saved to pay off a debt or bond. Not many people understand this concept but you need not worry any more. Six Functions of a $1 is no less than a saviour here. Understanding this concept helps you make better financial decisions in the long run, without a doubt. 

Mortgage payments: When talking about finance, mortgages does sneak into the picture. Almost everyone goes for a mortgage loan and has to make mortgage payments throughout the tenure. This application helps you to find out what would be the mortgage payments for a given scenario. Ultimately, you are in a position to take better decisions in real-life. 


When downloading an app, in addition to its functionality, there are other features as well that people consider before downloading. This becomes even more critical in cases where the app is paid. As far as Six Functions of a $1 is concerned, in addition to making life easier with 6 functions that it supports, there are other features as well. A few of them, worth mentioning, are – 

  • The inputs are usually amount, annual interest rate, and term / periods.
  • You can set the term and the frequency of compounding or discounting either annually, quarterly or monthly, as per the requirement. 
  • Periodic table: This is one of the most remarkable features of this Six Functions of a $1 app. Once you’re done with your computation, a periodic table is displayed. Here, you get to see the calculated results for all periods up to the term. This ultimately makes it easy for you to analyse how the results will vary over time.
  • Making changes has never been so easy. Well, the best part, your previous changes made to the variables for each function are saved for subsequent use. This comes in handy when you want to make changes to some variables and want to retain others. Also, when you have repetitive computations to perform wherein the task is to examine the consequence of changing one variable at a time, Six Functions of a $1 helps. 


If getting acquainted with the basic concepts of time value of money has always bothered you, then this is the app to go for. All the six functions offered by this app will help you solve your queries and thus enables you to create a strong base to grasp other topics that employ the concepts of time value of money.

Frequently asked questions

  • When was this app launched?
    This app was first launched in the year 2011. Later, it saw several updates over the years. 
  • Is this app available on android?
    No, as of now the app isn’t available on android.

Six Functions of a $1 iOS

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