Welcome:
Welcome to my home page. The purpose of this page is to make available as freeware some of the applications I have developed for my own use over the years. Right now the pickings are a bit slim, but in the future as I have time to update and more broadly test old programs, I will add additional titles.
Loan Calculator is a simple, easy to use application that computes periodic loan payments on fully amortized loans given the amount borrowed, the interest rate, the length of the loan, and the payment frequency. Alternatively, the program will compute the loan amount, the interest rate, or the length of the loan given the other loan variables. The latter computations can be helpful in determining just how much, or under what loan conditions, you can afford to borrow.
Loan Calculator can also display a complete payment schedule that shows how much of each payment goes to interest and how much goes to principal. Cumulative amounts are also displayed in the schedule along with the running loan balance. Among other things, this can be useful for tax purposes (e.g., determining how much deductible interest was paid over any particular period of time). The payment schedule as well as summary loan calculations can be printed or saved to a text file for later examination and analysis, including direct import into spreadsheet applications such as Excel.
Loan Calculator is freeware and was developed using REALbasic. If you find bugs or would like to suggest improvements to the program, let me know at masseyjc0@hotmail.com.
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Version History:
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Version 2.3 - 11/18/02:
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- added compatibly with Mac OS 10.2 (Jaguar)
- added additional cosmetic and usability improvements to schedule display
- added export capability to schedule display
- added online Help facility
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Version 2.2.1 - 07/07/02:
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- last version update for Classic Mac OS
- international savvy (uses correct decimal separator based on settings in System Preferences)
- schedule display now includes total of payments
- added cosmetic and usability improvements to schedule display
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Version 2.2 - 07/05/02:
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- ported OS X and PPC versions to REALbasic 4.0.2
- added ability to determine the interest rate as well as total length of the loan
- improved accuracy when working with very large loan amounts or loans amortized over very long periods of time
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Version 2.1.1 - 09/30/01:
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- Loan Calculator has now been ported from REALbasic 3.2.1 to REALbasic 3.5.1
- fixed cosmetic (rainbow) text display problems when run under Mac OS 10.1
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Version 2.1 - 08/19/01:
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- added ability to handle an unlimited (almost) total number of loan payments
- added ability to handle unlimited (almost) size loan amounts
- added live scrolling to the Loan Schedule Window
- added the ability to select and copy items in the Loan Schedule Window to the Clipboard
- added the ability to select and drag items in the Loan Schedule Window to the desktop as text clipping files
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Version 2.0 - 07/22/01:
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- Loan Calculator 2.0 has been ported from MW CodeWarrior v5 to REALbasic 3.2.1. It's now available in versions tailored for PPC, 68K, and Mac OS X (Carbon).
- Last updated 18 November 2002
