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Computerized Investing > February 18, 2012

Loan Calc

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by CI Staff

Loan Calc is a simple tool designed to help you calculate loan repayment amounts. The program generates a full repayment list from a start date and allows you to select both period and how interest is compounded. In addition, Loan Calc allows you to save the repayment list as a text file or Excel worksheet.

Loan Calc is very simple to use. After you open the program, there are several inputs that can be modified. First, start by choosing the amount of the loan, interest rate, term and start date. You are also able to adjust the period of the loan term with options that range from weekly to annually (and include less frequently used periods such as four weeks, two months and four months). Users can also adjust the compounding period. Options include those offered for the term period. In addition, you can select continuous compounding.

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