Description of Amortization Schedules & Interest
FastSolutions Amortization Schedules & Interest Calculations.
US monthly compounding and Canadain semiannual compounding amortization software.
FastSolutions is a completely new concept in disk-less computing. No "mother programs" (e.g. Excel) are required, there are no files to download, simply login to your browser account anytime you want.
With no downloads there is no possibility of virus infections. >br> No interactions with your hard drive!
There are two versions - single user or shared multi-user. The multi user version allows you to add unlimited numbers of members to your login PIN.
Quick loan repayment and amortization schedules. You can calculate the monthly loan repayment after adding points and if you wish, incorporating a final balloon payment and/or repayment acceleration. The Repayment panel works out how quickly (months) a loan will be repaid when accelerated. US, Canadian, interest only options.
Payment section. You can either record a loan repayment or store records of your own repayment and calculate the interest charge and new balance. This section allows you to change any parameter of your loan repayment and work though the new amortization schedule. If you are a lender you can use this panel to email the read only URL confirmation of receipt to your client. The email automatically contains the new balance update.
Refinancing section. You can bring your current loan and a refinancing loan alongside each other, add in the cost and expenses of redemption and the new loan and work out how long it will take to repay expenses from monthly savings.
Overdue accounts section. You can enter an account payable, months/days overdue and calculate the new balance owing and interest charge. Very useful for emailing late payers (daily?) reminding them that their outstanding balance is growing larger by the day (or month) because of compounding interest. 360 days/365 days per annum interest calcula106.80