Free Loan Calculator For Mac
Free Loan Calculator Editor's Review
Free Loan Calculator is a simple, but extremely useful, tool designed for calculating the payments in case you intend to borrow different amounts of money.The program is very easy to use and very fast. All you need to do is enter the amount of money you have to return, choose your payment frequency and number of payments and the annual interest rate. The payment frequency can be set at a time interval of your choice, from annual payments to daily payments. The program will instantly calculate the amount of every payment, the total interest paid, and the total amount paid.
If necessary, you can also enter the amount of estimated annual taxes and/or insurance for a more accurate estimate. The program includes link to some Web resources, which might prove to be useful in terms of advice in case you are interested in borrowing money.
‎Same great loan calculator that has been available for years on the Mac platform. Updated with printing. Great for calculating payments on home mortgages, auto loans, student loans, and more. VERY EASY TO USE!!!! Download Loanator on iOS devices for the same easy to use loan calculator. Simple loan calculator and amortization table. Know at a glance your balance and interest payments on any loan with this simple loan calculator in Excel. Just enter the loan amount, interest rate, loan duration, and start date into the Excel loan calculator. It will calculate each monthly principal and interest cost through the final payment.
Pluses: The program has two similar payment calculation windows, so you can compare the repayment of two load under different payment conditions.
Drawbacks / flaws: There are no advanced feature such as the recalculation of the remaining sum after a period of time, you cannot enter a variable interest rate, etc. In conclusion:
A basic, nice and useful program.