Monday, January 31, 2011

Custom Amortization Schedules Come to iOS

Mario Erceg has launched an important new product for iPhone, iPod touch and iPad users, putting a powerful and professional custom amortization calculator in the palm of their hands. The app is the most professional and comprehensive annuity and interest calculator available in the AppStore, supporting linear and compound interest calculations for many different countries with various banking practices and laws, making it easier to conduct business globally.

Loan Pro Calculator is a new product launch and the most professional and comprehensive amortization calculator available in the AppStore. The app supports a myriad of important and custom annuity and interest calculations and schedules. Financial expert Goran Smolovic provided the necessary details to make this app one that financial pros will be pleased to use on a daily basis.

Users will appreciate the custom and expansive feature offerings at their disposal in Loan Pro Calculator. They are able to quickly and easily have the app work out their equal annuity, equal principal and bullet payments, as well as capitalization of interest and the incorporation of grace periods in their loans.

Though the app covers pretty much everything a user would need to work with amortization schedules worldwide, developer Mario Erceg says that he welcomes input from financial institutions.

"We offer to implement any financial institution's custom methods of calculations for free, if they think they need it for business on a mobile platform," Erceg explains. Institutions are encouraged to submit any suggestions as soon as possible, as requests are handled on a first come, first serve basis.

Some of the features in Loan Pro Calculator include:
* Fast and easy to use
* Professional amortization schedule calculator
* Supports custom calculations of annuities and interest for many countries worldwide
* Enter interest amount once in monthly or yearly, have it automatically transfer from one level to the other
* Easily calculate linear or compound annuity rates
* Supports equal annuity, principal and bullet payments
* Supports capitalization of interest
* Supports grace periods
* Send amortization schedules via email
Even without any additional suggestions from banks and other financial institutions, the application makes it easier for users to do business with companies in a variety of global locations, including countries with common law or continental law.

Users are able to select linear or compound interest, enter numbers into a monthly or yearly interest calculation once and it will automatically transfer the figures from one level to the other, determine equal annuity, equal principal and bullet payments, calculate capitalization of interest. The app also supports grace periods, something that is unique to Loan Pro Calculator.

The application offers freedom, in a sense, making it possible to use the calculator for a variety of banking practices and laws from around the world.

Pricing and Availability
Loan Pro Calculator 1.0 is only $4.99 (USD) and available worldwide exclusively through the App Store in the Finance category. Promo codes are available for qualified reviewers. Please specify the website or blog you represent when making your request.

*thanks iclarified*

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- Posted using my iPhone 4

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