FASB
91 Software
Effective Interest Method
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| Straight
Line Amortization
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| Financial
Data Support Systems, Inc.
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For
PC, laptop,
workstation and
shared devices
running Windows® |
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Utilized by
Business
Government
Financial Institutions
Accounting Firms |
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Loan
Calculator
Effective interest method loan fees amortization
software
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Calculate
an entire file |
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...
Calculator
screen input - Loan fees, effective interest method amortization
Enter:
• Principal (original loan amount or balance)
- Fixed rate
- Adjustable
- Amortizing
- Interest only (non-amortizing)
- Balloon
• Note rate
• Payment (leave blank for system to calculate
as non amortizing, "interest only")
• Term
Input any three of the
above and
software will solve
for the unknown
• Fees
- Income and/or
- Cost (expense) origination
charges, dealer fees ....
- When both are present,
software determines a "net" to amortize
• Payment frequency (button selection)
Monthly, bi-weekly,
quarterly, semi-annual, annual
Additionally available entries:
• Balloon term (callable, average life,
LIP)
If entered, Payment
can be blank and the
software will calculate
an interest only payment amount
• Reprice After
A future point to reprice
an adjustable loan
• Reprice By
An amount by which to
increase or decrease the Note rate |
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........
Calculator
output
•
Effective interest rate
• Accrued (stated) monthly interest income
at note rate
• Net interest income
• Fee income, expense or the net of both
- Monthly recognition
- Accumulated
- Deferral balance
- FASB 91 Carrying amount
(Accretion balance)
• With output results
- View
- Print
- Copy and paste to
Excel or other spreadsheet program |
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Scroll down for samples, price and free software demo ....
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