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LoanAmortizer Standard
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LoanAmortizer Standard is
a light yet feature loaded program that will help you generate,
visualize and print loan amortizations schedule. LoanAmortizer
Standard is a loan amortization and payment schedule preparation
and printing application suitable for personal and business
use. The Standard Edition incorporates a simple interface
with a lot of features including 10 payment frequencies, 10
compounding periods, Normal (Actuarial) and US Rule(Simple)
amortization methods, Regular and Canadian mortgage Interest
type calculations and 6 types of interest year calculations.
The program has a clean reporting system presenting detailed
information for the amortization schedule specifics as well
as the annual loan status.
LoanAmortizer Standard is one of the few loan amortization
and schedule preparation programs that complies with the provisions
of the complete U.S. Regulation Z, and especially Appendix
J, regarding interest calculation. LoanAmortizer Standard
works multiple amortization methods - Simple (U.S. Rule) and
Normal (Actuarial). The program can combine any payment frequency
with any compounding period. LoanAmortizer Standard is the
most flexible and powerful loan amortization program that
is easy to work with. The extensive and informative help documentation
makes the work with it not only easy but pleasant too.
The new LoanAmortizer Standard allows a new late fees setup
where the late fees can be defined as a percentage of the
delayed payment, set as a number or as a percentage of the
payment but not exceeding a certain figure.
The application has a network supporting functions with
file locking module that makes it ideal to work in a Network
Environment where many copies of the program on different
computers share one location for LoanAmortizer working files
keeping.
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