Simple Interest and Acturarial Loan Servicing
Declining Principal..Constant Principal...Late Charges on Varying Payments
The LEVELER module computes level principle payments for simple interest or actuarial loans. LEVELER anticipates changes, automatically adjusting periodic payments for principal reduction or short payments.
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- Handles payments for constant principal and declining interest portions
- Automatically adjusts next billing to reflect correct interest and level principal due
- Calculates late charges on varying payment schedules
