Loan Register – Repayment Records, Interest & New Balance Calculations
SUMMARY: The Loan register calculates interest and loan repaid every month for which you enter a repayment transaction through the Enter or Edit buttons. The register starts with rows 0 & 1 calculated and then you create each new amortization row one at a time by entering monthly transactions. You can split monthly repayments and edit repayment rows to change the values and recalculate the repayment schedule, change the repayment amount and recalculate full term interest charges, change the interest rate at any period in the repayment period and recalculate, and you can enter costs and charges as additions to the loan. If you want to create a complete repayment schedule report quickly without entering multiple row transactions, use the Repeat (entries) button.