ACT Amort Freeware

1.0.1 24 Oct 2010

Calculate the cost of a fixed interest rate monthly compounded loan.

0

Developer website: Applied Computer Technology

ACT Amort Freeware is designed to assist with the calculations of money over time, in particular to calculate the cost of a fixed interest rate monthly compounded loan.

Act Amort allows you to enter a loan amount, payment amount, interest rate, and/or loan duration (in months). After entering three of these values, the fourth may be calculated. Total interest, payments and ending balance are automatically computed. In addition you may create a printable payment schedule and/or a CSV Excel file.

EXAMPLE: You want to buy a house. You can get a loan at 6.5% and can spend no more than $2,000 per month for 20 years (240 months). Using ACT Amort you can quickly calculate the maximum amount you can borrow, in this case $268K.

NOTE: Calculations in the FREEWARE version are limited to either the payment or loan duration and will not generate text printouts or CSV Excel files.

What's New

Version 1.0.1: Release notes were unavailable when this listing was updated.

Requirements

  • Mac OS X 10.6.2 or later

Ratings

Overall
(0)
Current Version (1.x)
(0)

Details

Downloads
535
Version Downloads
534
Type
Business / Finance
License
Free
Date
24 Oct 2010
Platform
OS X / Intel 32
Price
Free