Developer: Applied Computer Technology
Current Version: 2.4
Last Updated: 6 months ago
Download Size: 1.1 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.
Correct display bug for 10.13 and before.
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.