Interest(ing) Calculator Version 3.0

Interest(ing) Calculator is an Amortization Calculator which is very much useful in finding out the Loan/Investment parameters. It is an open source software project hosted in Sourceforge.net

It can be downloaded and installed from the sourceforge.net project page.

Interesting Calculator Download for Windows '98/2000/XP/Vista 32 (1 MB)

Financial Decision making in the case of Loans/Deposits generally depends on four major variables.

They are,

Principal

Interest Rate

Term

Instalment/Maturity Value

Interest(ing) Calculator is developed to find out any one of the above variable if the other three vaiables are given.

The UNIQUENESS of Interest(ing) Calculator is, we can easily find out the effect of Compounding too. For example, the interest amount of a loan for which interest is charged yearly would be lesser than the interest amount of a loan for which interest is charged daily or monthly. We can calculate the compounding effect for the various combinations of term and interest compounding period as,

1. Daily

2. Monthly

3. Quarterly

4. Half Yearly

5. Yearly

The main screen of Interest(ing) Calculator is divided into five sections namely,

1. Loan Section

2. Fixed Deposit Section

3. Recurring Deposit Section

4. Reserve Section

5. Current Account Section New in version 3.0

The results of Interest(ing) Calculator can be

1. Printed

2. Saved to a text file

3. Exported to Excel Worksheets. (You should have installed Microsoft Excel©® already in your system.)

Assumptions:

1. Interest(ing) Calculator is based on the assumption that there are always 30 days in a month and 360 days in a year which is never true :-( However, in my opinion, the difference is negligible if you work on a small amount.

2. It also assumes that repayment of a loan is always equal and the periodicity is also equal for the whole term of the loan/investments.

Interest(ing) Calculator is compiled with the help of HMG (Harbour MiniGui) of Roberto Lopez