Android App Ratings & Reviews

Commercial Loan Calculator logo

Commercial Loan Calculator

  • 0 votes
LoadingAdd to My Apps
PriceFree
CategoryFinance
Version2.4
DeveloperPortfolioDM
Added3 years ago
App Views0 views
Votes0 votes
Google Rating4.1
Ratings19
by On December 9, 2010
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Advanced commercial loan calculator.   Features:Full version and freeSolve for principal, payment, rate or periodAmortization schedulesMonthly, quarterly, semi-annual, and annual compoundingConstant Payment, Constant Amortization, Interest OnlyCalculation type: 360/360, 365/360, 365/365Calculate balloon paymentsNote:  The interest calculation type can only be set for preparing the amortization schedule.  It will not calculate the payment, rate, etc. if set to a 365/360.  Why not?  Because it is a complicated calculation that is dependent on the date that the loan is funded.  For example, a Bank Rate method loan (365 / 360) that compounds and has a monthly payment could have 12 different answers depending on which month the loan started.  Then, how the loan term relates to leap year will increase it to 48 different anwswers.  Then, how many times the loan wraps around a leap year will add yet more answers.  Since this is not done in practice, the calculator does not make those calculations.  Please don't complain and rate the calculator low because it doesn't make a very difficult and impractical calculation.  Thanks.

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