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The most powerful loan calculator on the web
Features
- Calculate loan payments based on payments beginning or end of month.
- Calculate payments and true interest based on annual escalations in payments.
- Calculate interest rates if you have the payment and periods.
- Calculate effective interest rate over period of loan.
- Calculate the period of loans.
- Calculate capital if you have the rate and period.
- You can schedule ad hoc compulsory payments. (usually used by financial institutions to recover VAT in the 3rd month)
- Increase payments at any time. You can choose whether to reduce the remaining period or monthly payment.
- Increase/decrease interest rates or the period remaining in any month.
- Print amortization table which shows the split between interest and capital outstanding.
- Allows residual loan amounts at the end of the loan.
- Export schedules to spreadsheet or HTML.
It is easy to use, it has a help file, and its FREE.
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