Loan report screen
SUMMARY: The Loan Report summarises up to date loan repayment transactions, interest costs, and remaining balances resulting from the most recently entered transaction. Recalculates the full repayment period every time you call Report after a transaction is entered or changed. In the demo screen, the loan interest has been reduced in month 8 but the monthly repayment stays the same. The repayment period is cut from 300–8 months (292) to 177 months in these circumstances. The net results of any combination of higher (or lower) repayment terms and higher or lower interest rates can be recalculated from any period with Loans 2000. You can calculate the entire savings with this repayment option by using the Recalc screen.