 1. How
can I do straight Amortizations?
If you want to do amortizations on your PC, there is nothing easier than
Simply Interest Professional. Select the Fixed Rate Mortgages and Loans form,
enter your information and press a button. That's it. The full amortization schedule will
be created for you instantly. The powerful calculation engine is both lightning fast and
incredibly accurate. It will create amortization schedules for practically any type of
financing situation that you may ever encounter. Download and try it now! See for yourself
how much time and effort can be saved with the right tool at your disposal.
2. Can I solve for an unknown value?
Solving for unknown values is effortless with Simply Interest Professional.
Enter the values that you know and click the button beside the value that you want to
compute. Your answer appears instantly. Solve for payments, principal,
amortization period
or even the interest rate. You will even be able to solve for the average interest rate
over a series of payments made at odd times. Its all quick and easy when you have Simply
Interest Professional.
3.
Can I set the compounding and payment frequencies independently of each other?
Of course. The power of SIPro lies in its flexibility. It will
allow you to do just about any type of financing or investment analysis. All your
calculations and amortizations become quicker and easier.
4. Which form
should I use to track extra payments made at odd times?
Simply Interest provides two forms that will handle extra and odd
payments made at odd times. The Adjustable Rates Form will let you create amortization
schedules for any and all your odd payments made at odd times throughout the life of the
mortgage or loan. You will even be allowed to change the interest rate at any time.
If you need to create completely flexible schedules with odd payments, varying
interest rates and multiple loan amounts, you will want to use the Irregular Payments
Form. Here you will not only be able to enter information for just about any type of
financing, but you will also be able to have SIPro compute any of the unknown values for
you. Whether its the payment, interest, loan amount, period or even if you need the
average interest rate over the entire financing periods, SIPro will give you the answers
you need. Even though SIPro provides different forms for different situation to let you
get to the answers you need as quickly as possible, when you have though financing
questions, the Irregular payments form will usually be the one that will you need. The
equivalent for this is the Time and Money form for Investment calculations.
5. When should I use the Irregular
Payments Form?
This form is the most powerful part of Simply Interest Professional.
Use it when you need schedules for completely odd payments made at odd times or when you
need to compute a payment value for a certain date or when you need to find the balance of
a loan at a certain date. Also use it when you need to find the average interest rate for
a financing situation. All of these scenarios are easily solved with the Irregular
Payments Form. When the financing scenario is complex, let the Irregular Payments Form
simplify it for you.
6. Can I print
only a selected range of the amortization schedule?
Sure. You may print any part of the amortization schedule that you
wish. You may print the details starting with the 10th payment to the 38th payment if you
like. The amortization printing is very flexible. The schedules can be customized with
your company name and any comments. The totals can be taken at the end of any month for
fiscal calculations. It will even print quarterly totals and running totals so that
you can have all available information that you need on one comprehensive report. The
schedules are professional, complete and accurate.
7. Can I select the
fiscal year end for the schedule totals?
Yes, the fiscal year end can be selected with the click of a
button. You may even choose to print quarterly and running totals without any effort at
all. All the flexibility you need is built right in.
8. Can Simply Interest Professional do Canadian mortgage amortizations?
Yes, SIPro will compute all kinds of
amortizations including the
Canadian semi-annual not in advance method required for all mortgages in Canada.
9.
How can I find the totals for a range of schedule details on-screen?
To find the totals for a range of details, create the amortization
schedule. Once the schedule window appears, press the mouse pointer on the first line of
the range. Now press and hold down the [Shift] key. Then move down to the last line of the
range and click the left mouse button on the line. This will highlight the range and give
you the Total Payments, Total Interest and Total Principal for the range in the three
boxes under the schedule.
10. Do I need a spreadsheet to
use this software?
No. Unlike some amortization software, Simply Interest Professional
is a stand alone software package and does not require any other software to function.
But, if you need to use the schedule data created by SIPro in a spreadsheet, save the
schedule data as text and then import it into your favorite spreadsheet.
11. How do
I customize the default values in a form for my needs?
The default values in each form can be customized for your needs.
This will let you create template forms that have most of the information filled in every
time you or your co-workers start the software. This will reduce the chances of making
data entry errors and make using the software easier for your whole office or
organization. To create customized forms, select a form, enter the default information
that you want the form to start with and then select "Files/Set Form Values as
Defaults". The defaults for the form will be stored. Now every time you start
SIPro or clear the form, the default values will be set for you. You may set defaults for
each of the forms that you need.
12. Can I customize the schedule printouts to include
my company name?
Yes. Set up your company name and address once and it will be
stored for you. Your company name will then appear on every schedule that you print. What
better way to keep your name in front of your client. You may also enter the client's name
and address for that personal touch. |
Answers