by rwalliker » Mon Jan 08, 2018 11:32 am
LOAN CALCULATOR A useful facility for calculating the repayments and interest on term loans or lease agreements. You need to supply the APR of the loan (or enter Monthly Repayment Amount and click on “Set APR%” button) together with number of periods and the amount borrowed. You can specify Monthly or Quarterly Repayments, a payment holiday and balloon payments. This Loan Calculator can be opened from a balance sheet loan TYPE account set as METHOD “LOAN” from where it can supply data for completing the schedule of interest and repayments