This model demonstrates how a Fund element simulates funds or an account with a specified initial balance, deposits, withdrawals, and interest rate. In this model, deposits are made as discrete changes on a regular, 2-week interval to represent payments deposited on payday for a job. The Purchase event represents the act of buying something at random and causing a withdrawal to be made on the account. The amount of the withdrawal is defined using a stochastic element in order to vary the amount on each withdrawal. The final balance over time is calculated using the Fund element called "Bank_Account".
To Open the Model File:
- Start GoldSim
- Click on the File and select Open Example...
- Browse to General Examples --> Financial Examples
- Select the file called SimpleFinancialExample.gsm