I have gotten alot of question on what the heck the app does, if you can give me feedback on this explaination I will post it to ijazsoftware.com and also add it to the app description in the App Store after I tweak it a little to ensure accuracy.

Here what is happening in concept..

It calculates the upfront fee on a Credit Default Swap, which is basically the same concept as a points upfront on a mortgage or unsettled interest on a bond.

Say you buy a bond today that started accruing interest 12/21/2009 and it pays its interested coupon on 3/20/2010. The person that holds the bond on 3/20/2010 gets the full interest covering the entire period from 12/21-3/20. Considering this when you buy the bond, say today on 2/5/2010 then the person buyin…

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What does it take to build an iphone app? It took me about 1900 bucks, over 5 months, 134 hours of my time.

I probably should have started blogging at the start of the project last september, but I am still learning the ins and outs of the wiki site. On the 28th of Jan I submitted the App to the AppStore, so now I am waiting (what I hope is a couple of days) to publish my first app.

I started this project when as a 'former' Mac developer I was swept up by the excitement of the iPhone App phenomenon. This led me to a drive to get a non-trivial application into the App Store. I convinced my family to buy me a MacBookPro for my birthday in Sept, 2009 and about 20 hours of effort latter I had my first GUI prototype running on the simulator.

Along…

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