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Loan Interest Calculator

Loan Interest Calculator
  • #: 20258
  • Price: $0.99 In Apple Store
  • Category: Finance
  • Updated: 2010-06-21
  • Current Version: 1.0
  • 1.0
  • Size: 0.20 MB
  • Language: English
  • Seller: Ian Rae
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.1.3 or later
  • © 2010 Ian Rae
  •  Add to Favorite apps

 

Description

The Loan Interest Calculator is a basic little app that allows you to calculate the lifespan of a loan, and the amount of interest that will be paid on a load based on the total amount of the loan, the interest rate of that loan, the repayment amount, and the frequency with which those repayments are made. Please note that it does not calculate the minimum repayment rate for a loan, or guarantee finance, and should be used purely for information purposes.

Simply enter in the total value of the loan, the interest rate, the amount that you wish to make in repayments, along with how often you will make those repayments to calculate how long it will take to pay off a given loan, and how much interest will be paid over the lifespan of that loan. This allows you to tweak your repayments to ensure that you repay a loan, or control your total interest to a level that you are happy with.

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Loan Interest Calculator iPhone Screenshot 1

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The information may be outdated (2011-03-27 23:24:59). For actual information go to iTunes

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