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Loan Tool

 

Description

Records and maintains potential and actual loans. Allows you to compare loans from different sources for the same or similar purchase. A photo of the item may be attached to each loan so the exact purchase is easily remembered. This tool calculates the monthly payment, total interest amount and the total cost of the loan. The best loan terms can be decided upon by comparing different loan amounts, different interest rates and different number of payments.

What's New in Version 1.1

This version includes a detailed listing of each payment showing what portion of the payment is going to pay interest and how much is going to pay down the principal of the loan. The remaining balance after the payment is applied is also included.

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The information may be outdated (2011-03-27 23:25:33). For actual information go to iTunes

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