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Overview
Features
Requirements
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Features

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.

You need one license for each computer you have in the office and that you want to use our program onto (no matter whether working in LAN or not). Check out our volume discount policy.

LoanAmortizer Standard combines many standard, specific and unique features to be as powerful and easy to be used as it is. Here are some of them:


Amortization Method Interest Type
  • Normal (Actuarial)
  • US Rule (Simple)
  • US Regular
  • Canadian Mortgage
Interest Year Payment Frequency
  • 360 US Method
  • 360 European Method
  • 364
  • 365
  • 366
  • Actual / 360
  • Daily
  • Weekly
  • Bi-weekly
  • Half Monthly
  • Four Weekly
  • Monthly
  • Bi-monthly
  • Quarterly
  • Semi-annually
  • Annually
Compounding Periods Output Parameters
  • Daily
  • Weekly
  • Bi-weekly
  • Half Monthly
  • Four Weekly
  • Monthly
  • Bi-monthly
  • Quarterly
  • Semi-annually
  • Annually
  • Total Payments
  • Amount Financed
  • Last Payment Date
  • Total Interest Amount
  • Nominal Interest Rate
  • Annual Percentage Rate (APR)
  • Effective Annual Rate
  • Periodic Rate
  • Daily Rate (per diem)
  • Yield
 
       
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