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 PayBackTime
| | Given a payment amount, a loan or credit card balance, and an interest rate, PayBackTime will tell you how long it will take to pay off that loan or credit card, including the total interest you'll pay and total number of payments. This can be extremely interesting to consumers shopping for credit or a loan, as you can see how a small increase in payment or decrease in interest can shorten the payoff period. Calculates for both bi-weekly and monthly payments.
Price: Free (linkware) - Version: 1.1 - Platform(s): Unix, Win
Added: Sun Sep 19 2004 - Updated: Sun Sep 19 2004
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VeryInteresting
| | VeryInteresting is a simple loan calculator. If a user enters a loan amount, an interest rate, the length of a loan, and the payment frequency, the calculator will show the monthly payment and the total interest that will be paid if the loan is paid to term. For monthly payments, it will also show an amortization table. This can be an exciting activity for students studying simple interest, as they can quickly change the number of years a loan is for or the interest rate and see the dramatic differences this makes in both the payment amount and the total amount paid in interest for a loan.
Price: Free (linkware) - Version: 1.5 - Platform(s): Unix, Win NT
Added: Sun Sep 19 2004 - Updated: Sun Sep 19 2004
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