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freeware utilities payment scheduler
What is my payment scheduler?
For a given monthly payment of a loan, we want to schedule the payments for all periods into a payment table.
The monthly payment includes:
rprincipal rate
interest
The principal rate is a part of the loan.
The interest rate represents the amount calculated for the remaining payment balance for a given period.
The sum of principal rate for all periods is the loan amount.
Payment Scheduler allow the user to calculate and automatically generate the payment table for a loan, also known as payment scheduler. It also allow the user to print-out the table or just preview it on the screen. Another interesting feature is that, it allow the user to enter an coefficient used to calculate an bigger payment rate for some months and small payment rate for the rest of the year. This feature is usefull in the situation that the user wants to pay faster on some period than the other (eg: pay more on summer but less in the rest of the year).
To be able to generate this payment table, the following information is requied:
Requirements
products
rprincipal rate
