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.