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LoanIQ Lite

LoanIQ Lite
  • #: 20283
  • Price: free ($0.00) In Apple Store
  • Category: Finance
  • Updated: 2010-11-28
  • Current Version: 1.0.1
  • 1.0.1
  • Size: 0.70 MB
  • Language: English
  • Seller: eFunda, Inc.
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.0 or later
  • © eFunda, Inc.
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Description

LoanIQ Lite is the free version of LoanIQ, efunda's iPhone application of its online financial calculators. Its simple interface allows you to choose an arbitrary variable as the unknown and calculate the result in real-time as values for the other variables are entered. The calculator also includes a full payoff schedule showing the interest and principal portions of each payment.

- Based on the popular Palm version of efunda's LoanIQ with tens of thousands of satisfied customers, many of them are professional loan officers.

- All calculations are updated with every key stroke. No 'Enter' or 'Calculate' key to hit.

- Perfect for the "what if" type of calculations. Simply click on the green button to the left of the variable that you wish to calculate, and then enter the values for all the other variables. To enter a value, tap on the input field to the right of the equal sign of a variable and it will start to blink. Any input from the keypad will be entered into this input field.

- Includes detailed equations used behind every calculation.

- Detailed payback schedule for up to 600 periods.

The Lite version differs from the Full version LoanIQ in two ways:

1) Interest Rate/Money Factor can not be selected as the unknown variable.

2) It does not have the full payment schedule which lists the principle portion, the interest portion, and the balance for each payment period.

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The information may be outdated (2011-03-27 23:26:04). For actual information go to iTunes


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