Discontinued App

Loan Calculator =

This free app is great for calculating a loan or mortgage. You can calculate the monthly payment or the principal loan amount or the loan term or even ...

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Description

This free app is great for calculating a loan or mortgage. You can calculate the monthly payment or the principal loan amount or the loan term or even the interest rate. 'Loan Calculator =' also provides users the ability to do basic calculations. There are 4 operations for the loan calculation: PV (Present Value) implies the loan amount % (Interest) implies the loan interest rate N (# months) implies the loan term in months PMT (Monthly Payment) implies the monthly payment towards the loan The calculator has the ability to compute either PV or N or PMT or % provided that the other three variables have been entered. To set a value for any of the 4 loan operations just enter the value and press the desired operation. A. To calculate the Monthly Payment for a $300,000 loan with a 6% interest over 30 years: 1. Enter 300000 then tap the PV button 2. Enter 6 then tap the % button 3. Enter 360 (30 years x 12 months/year) then tap the N button 4. Tap the PMT button to calculate the monthly payment B. To calculate the Loan Interest Rate for a $300,000 loan with a $1500 monthly payment over 30 years: 1. Enter 300000 then tap the PV button 2. Enter 1500 then tap the PMT button 3. Enter 360 (30 years x 12 months/year) then tap the N button 4. Tap the % button to calculate the loan interest rate C. To calculate the Loan Term for a $300,000 loan with a 6% interest and a $1500 monthly payment: 1. Enter 300000 then tap the PV button 2. Enter 6 then tap the % button 3. Enter 1500 then tap the PMT button 4. Tap the N button to calculate the loan term (in months) D. To calculate the Principal Loan Amount given a $1500 monthly payment over 30 years at 6% interest: 1. Enter 6 then tap the % button 2. Enter 1500 then tap the PMT button 3. Enter 360 (30 years x 12 months/year) then tap the N button 4. Tap the PV button to calculate the principal loan amount

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Technical specifications

Version: 1.4

Size: 41.12 KB

System:

Price: 0,00 €

Developed by Amit Sett

Day of release: 2011-10-13

Recommended age: 4+

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