While recently hunting for a good bargain at a local used car mart, I downloaded some other calculator app to use on the ground. Only afterwards did I realise the calculation was incorrect. Despite having scrapped the thought of changing my car, I decided to come up with something useful to address this anyway.
Tada! This app does a different way of calculation compared to typical amortization calculators. Using the Rule 78, the effective interest rate is applied per year. This means that the monthly instalment that you might see via other apps should really be noticeably higher. This would be all the more important if budget is a concern for you.
TL;DR - App calculates car loan based on loan amount, annual interest rate and loan period in months, gives you accurate monthly instalment.
Market download here.
Features
Calculates monthly instalment
Lock interest rate to prevent it from being cleared
Uses Rule 78 calculation (aka principal amount + interest)
Does it calculate revers way
I mean can it calculate interest rate if v provide loan amt, installment n number of installment?
Table can be exported?
very good app
dr.ketan said:
Does it calculate revers way
I mean can it calculate interest rate if v provide loan amt, installment n number of installment?
Table can be exported?
Click to expand...
Click to collapse
Regarding the reverse-calculation, not yet it doesn't. Sounds plausible though. I'll add that to my to-do list and hopefully work on that next.
Exporting of table, do you mean when generating the full amortization schedule? I'll have to look into that.
Related
New Free Loan Calculator!
Loan Calculator helps you to calculate monthly payment or amount of loan. It allows to create payment schedule and to plan advanced payments.
Features of this app:
- Calculate monthly payment depends on loan amount.
- Calculate loan amount depends on necessary monthly payment.
- The possibility of calculating repayment schedule, with the option of calculating interest: daily or monthly.
- The possibility of reflecting on the schedule early redemption amounts with the option of converting the further repayment schedule: decreasing the loan term or decreasing the monthly payment.
- The possibility of choosing any date of loan.
- The possibility of saving current calculations and loading previously saved.
- The possibility of changing language: Settings -> Language
Hope to receive feedbacks
Thanks, I will try this.
Sent from my Nexus 7 using xda premium
Renamed in google play to Loan Repayment Calculator
Version 2.0 is available on Google Play.
- Added notifications
- Bug fixes
I think this is a simple and useful app. It could be interesting to show graphically how the ratio between interest and outstanding amount changes over time.
Nightwolf13 said:
New Free Loan Calculator!
Loan Calculator helps you to calculate monthly payment or amount of loan. It allows to create payment schedule and to plan advanced payments.
Features of this app:
- Calculate monthly payment depends on loan amount.
- Calculate loan amount depends on necessary monthly payment.
- The possibility of calculating repayment schedule, with the option of calculating interest: daily or monthly.
- The possibility of reflecting on the schedule early redemption amounts with the option of converting the further repayment schedule: decreasing the loan term or decreasing the monthly payment.
- The possibility of choosing any date of loan.
- The possibility of saving current calculations and loading previously saved.
- The possibility of changing language: Settings -> Language
Click to expand...
Click to collapse
I think it's a really great app for those who calculate monthly payments or the number of loans. It saves a lot of time and effort. As I understand it, this calculator is designed to quickly pre-calculate monthly loan payments based on your individual loan option. I would like to know if such a loan calculation will help protect against collections harassment? After all, if you correctly calculate the mortgage loan and pay it on time, then no debt collection agency will have the right to threaten me? Most recently, I was faced with a very unpleasant similar situation and so far I'm trying to learn more here to be sure of my rights.
WHAT'S DISCOUNTOR?
Discountor is a handy discount calculator for everyone who loves shopping. Ridiculously simple, yet useful for many.
Following calculation modes are available:
Price percentage – the discounted price (and amount of money that is saved on the transaction) is calculated from the original price and discount percentage (the reverse calculation, i.e. calculation of the original price given the discounted price and discount percentage, is also possible)
Price difference – the price difference (and amount of money that is saved on the transaction) is calculated from the original price and discounted price
Bulk discounts – the amount of money saved is calculated from the price of the multipack as the whole, number of items in the multipack and price of single item (if bought separately)
It's also possible to save the calculated results (albeit only in percentage and difference modes), along with an optional description, to a persistent storage for later review.
That's all there's to it, as the awesomeness lies in simplicity
WHERE CAN YOU GET IT?
Discountor can be downloaded from the Google Play Store
Code:
https://play.google.com/store/apps/details?id=cz.uruba.discountor
Please consider rating and reviewing the app after having tried it out (esp. if you like it ; but if you don't, please share your opinion too – that's what the reviews are for and I'm grateful for every feedback that can help me to make the app better).
And as the app is open source, the source code waits for you on GitHub
Code:
https://github.com/uruba/Discountor-sales-calculator
At first I hesitated if I should release the source code in its current state. It's messy and contains occasional "skeletons in the closet" – like unused imports or commented out code which I planned to use and didn't (and may or may not do so later).
I was writing the source code "on-the-fly" while learning from my mistakes in the process. That's what the initial aim of Discountor was – for me to learn the basics of Android programming while creating something at least remotely useful.
Thanks for viewing, any feedback welcome!
Loan Calculator is a useful application for anyone who wants to make a mortgage loan from a bank, auto loan to buy a car or simply borrow money for a friend. Calculate the basic monthly installment
payment for your home loan, Car Loan, or Student Loan:
-------------------------- ---------------------
Whether you borrow money to buy a house or go to school, the most common question you have is how much you pay monthly and how much you pay. in how long.
All you need to do is provide the loan amount, repayment term and interest rate. The Loan will quickly calculate the basic monthly payment amount (EMI) that you need to pay for the loan. Red skirt.
In addition to calculating normal monthly payments,
Calculator This rate also allows you to calculate any of the following figures based on the data provided from the remaining 3 information:
a) Monthly or annual payments for Loans, Or Car loan
b) Bank interest
c) Loan amount
d) Loan term
e) Export file Excell
f) Share to friend
Link google play : https://play.google.com/store/apps/details?id=net.thoitrangsi.loancaculator&hl=en
Not bad, not bad. But I don't quite understand how to use it, LOL.
Nice app. Really does what it says
Free, but it has ads!
Is there a promo code to remove the ads or do we have to deal with that?
Thanks
I also did not understand how to use it, but I used the service with credit comparison.
It is very easy to understand, unlike that one what is discussed above. Here you can read about it https://www.blesk.cz/clanek/radce-p...torium-splacet-uvery-ci-pozadat-o-odklad.html
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=== Features ===
- Mortgage loan payment calculator also known as Equated Monthly Instalment(EMI): Calculate the monthly instalment amount and also other informations.
- Affordability calculator: Estimate the property price based on your desired monthly payment
- Malaysia stamp duty calculator: Calculate Legal Fees/ Stamp Duty for Sale & Purchase Agreement & Loan Agreement
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- Return on Investment(RoI) calculator: Measures your investments return on your investment capital(%)
- Cash-on-Cash Return(CoCR) calculator: Calculate the rate of return often used in Real Estate transactions in relation of cash income earned on the total cash invested in a property. Best use to screen undervalue property.
- Price/ sqft calculator: Calculate the property's price/sqft
- Check property transaction history(from 3rd party website: Brickz.my)
- Malaysia's property terms and glosarry
***You can share the calculation result easily***
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