Publisher's Description
From Jim Massey:
Loan Calculator is a simple, easy to use application that computes the periodic loan payment given the loan amount, the interest rate, the length of the loan, and the payment frequency. It will also go the other way and compute the loan amount given the the interest rate, the length of the loan, the payment frequency, and the periodic loan payment. The latter computation can be helpful in determining just how much you can afford to borrow based on how large a periodic payment you can afford.
Loan Calculator can also display a complete payment schedule that shows how much of each payment goes to interest and how much goes to principal. Cumulative amounts are also displayed in the schedule along with the running loan balance. The payment schedule as well as the summary loan calculation can be printed or saved to a text file for examination and analysis using other applications.
What's new in this version:
- Loan Calculator has now been ported from REALbasic 3.2.1 to REALbasic 3.5.1
- cosmetic (rainbow) text display problems under Mac OS 10.1 have been corrected
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