Commercial Loan Calculator is a free software application from the Accounting & Finance subcategory, part of the Business category.
The app is currently available in English and it was last updated on 2013-04-30. The program can be installed on Android.
Advanced commercial loan calculator.
Full version and free
Solve for principal, payment, rate or period
Monthly, quarterly, semi-annual, and annual compounding
Constant Payment, Constant Amortization, Interest Only
Calculation type: 360/360, 365/360, 365/365
Calculate balloon payments
Note: The interest calculation type can only be set for preparing the amortization schedule. It will not calculate the payment, rate, etc. if set to a 365/360. Why not? Because it is a complicated calculation that is dependent on the date that the loan is funded. For example, a Bank Rate method loan (365 / 360) that compounds and has a monthly payment could have 12 different answers depending on which month the loan started. Then, how the loan term relates to leap year will increase it to 48 different anwswers. Then, how many times the loan wraps around a leap year will add yet more answers. Since this is not done in practice, the calculator does not make those calculations. Please don't complain and rate the calculator low because it doesn't make a very difficult and impractical calculation. Thanks.
Commercial Loan Calculator (version 2.4) is available for download from our website.
Just click the green Download button above to start. Until now the program was downloaded 232 times.
We already checked that the download link to be safe, however for your own protection we recommend that you scan the downloaded software with your antivirus.
Here you can find the changelog of Commercial Loan Calculator since it was posted on our website on 2015-04-25.
The latest version is 2.4 and it was updated on soft112.com on 2017-06-29.
See below the changes in each version:
posted on 2013-04-30
Features:,Graphically detail the annual paydown of princpal for your loan scenarios. Also, graphically detail the annual principal and interest splits of the payments of your loan scenarios.