Developer: Applied Computer Technology
Current Version: 2.1
Last Updated: 1 year ago
Download Size: 1.8 MB - Download
Calculates total interest, payments and ending balance for fixed interest rate loans. You can also solve for LOAN AMOUNT, MONTHLY PAYMENT, INTEREST RATE, or # OF MONTHS to complete a loan. With a payment of zero you can calculate interest on deposited funds over time. Export to Excel with a formula driven schedule that you can add arbitrary additional payments each month and see the results. Spreadsheets in xlsx format have been tested with the following programs: Excel, Numbers, and OpenOffice Calc. Quickly enter amounts like 150,000.00 with 150K or 360 months with 30Y.
Updated to 64 bit. Improved rounding for better match with generated worksheets. Worksheets have been relocated to the sandboxed Documents directory.
OpenSSL License: Copyright (c) 1998-2016 The OpenSSL Project. All rights reserved. This product includes software developed by the OpenSSL Project for use in the OpenSSL Toolkit. (http://www.openssl.org/)
Original SSLeay License: Copyright (C) 1995-1998 Eric Young ([email protected]) All rights reserved. This product includes cryptographic software written by Eric Young ([email protected])
Most Helpful Reviews
Great little App, does what it says. - I was able to do several scenarios of a potential refinance of my home, using Numbers on my MacBook Pro. Essentially it enabled me to build a spreadsheet without a bunch of formatting, and for that i'm impressed. It's quick and easy, as well as versatile. It's certainly worth the LOW cost. DB Cooper, from below ground
5 variables of time value money; only 4 used - The time value of money needs 5 variables; this calculator allows the use of 4, and misses the future value needed to calculate interest only or baloon notes. Without it, it doesn't help me much because most mortgages I work with need a baloon calculation. I'll revise this review if an update occurs which includes future value.
More Reviews for Current Version
Simple to The Point - As Needed - I was struggling with different spreadsheets and apps to produce an interest paid report for my accountant. The challenge was to match the payment, interest, and balance with my online banking account and statements. This worked to a tee… I produced an excel spreadsheet in seconds. This would be great to combine with a snowball pay down app - with multiple accounts. Possible new features down the road?? I would be willing to pay more...