Features
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Calin Basic V4 provides quick and professional solutions to a common need felt almost daily by every litigation, commercial and accounts department within the legal profession and business organizations
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Calculate interest instantly
Simply enter the principal amount, the start and end dates of the period, apply the rate and your calculation will be done. You can control when the interest is applied, whether it is compounded, and what interest rate or interest rate schedule is applied.
Create your own reusable interest rate schedules
You don't have to remember when the rates changed or what the rates were. Store rates that change from time to time, such as court rates and finance rates, allowing you to automatically apply the correct date-dependant interest rate. You simply choose the rates from a convenient menu. You can update the files at anytime, or make new ones. For instance you can store all the Federal Court interest rates in a file. Whenever you have a Federal Court case, simply specify that file and the appropriate rate will be applied.
Allow for interest accruals at particular intervals such as monthly.
Calculate interest based on contractual terms. For instance, a contract formed on 14 July may stipulate that interest accrues on the 14th of each month. You can very easily set your interest calculation up so this is done.
Allow for compound interest at particular intervals such as end of each calendar year.
You can calculate compound interest based on contractual terms. You can easily set your interest calculation up so that interest is compounded at intervals set by you.
Calculate and recover interest on your client and business agreements.
Make money by recovering interest instead of waiving it because of the difficulty calculating interest. For instance, if your own contracts stipulate a term such as "interest at XYZ Bank prime lending rate + 2%" then calculations are complex because rates change frequently. Calin Basic V4 calculates it for you instantly, ready for your Accounts Department to recover.
Calculate repayment plans and produce letter to give to debtor.
Calculate the amount and frequency of payments needed to reduce a debt to zero or other figure by a nominated date, or how long it will take to repay at a certain rate. The calculation continues to take uinterest into account so this is an immediate bonus as you would normally have to abandon it due to the difficulty of the calculation. You can be pro-active with debt management for your business or clients. Complex calculations are performed effortlessly and with perfect accuracy. Avoid typing by printing repayment schedules ready for you to attach to letters and agreements. Scare debtors by showing them the effect of interest over time.
Date and Finance Calculations
- Integrated date calculator.
- Loan Calculation. Enter the amount to borrow and the terms of the loan to see what the cost of finance will be.
- Mortgage Schedule. Calculate the cost of a mortgage and produce a schedule which shows the principal and interest component of each instalment.
- Calculate the discounted Present Value or Future Value of an investment or annuity.
Unlimited maintenance updates
Because Calin Basic V4 is intended for serious professional and business use, the licence is for a defined period during which you are entitled to every maintenance update, feature additions and even entirely new versions. The program checks for updates whenever it starts and lets you know if a newer version is available. A single user licence also generously includes the right to install a copy on your office PC, plus your personal-assistant's PC, plus your home PC or laptop at no extra cost.
Show all your calculation details
Not only calculate interest but produce text detailing how the result was obtained. This can be used in documents to verify the accuracy of the calculation and/or can be used to comply with court rules that require particulars of interest calculations.
Print professional reports
Calculation schedules can be previewed on screen and also sent to word processing files, spreadsheets and the windows clipboard for pasting into other documents. Printed calculation schedules are well designed and ready to attach to reports, letters and court documents. They are produced instantly and with perfect accuracy, saving you time, stress, money & effort.
Save your time and your mind
You don't have to work out for yourself the number of days between dates, or remember interest rates as at particular dates. No longer worry about making mistakes. You don't have to type details of the calculation or how you produced the result. All is done for you.
Can be used for all English-speaking, decimal based currency calculations
Calin Basic V4 is suitable for all English-speaking, decimal based currencies, eg AUD, CAD, HKD, NZD, PGK, USD. Not presently suitable for European currencies which use commas for the decimal point - you need Calin Online Interest Calculator instead.
After something that can perform more complex interest calculations?
Take a look at Calin Professional Interest Calculator. This software is particularly valuable in the following scenarios:
- Debts involving multiple unpaid invoices (with or without part payments).
- Interest rates that change over time, or according to the size of the debt.
- Situations where compound interest is involved.
- Interest accrual at some interval other than daily - eg every 30 days.
- Interest-free periods on invoices - eg 14 days to pay.
- Different interest rates depending on whether the balance is in credit or debit.
- Where interest rates don't change every time the reference rate changes - but change for example once per year or six-months etc.
Still not quite what you are looking for?
If you would like an online solution that will enable you to perform the same sorts of calculations as Calin Basic V4 and more, take a look at Calin Online Interest Calculator. For more sophisticated requirements click the Comparison chart icon at right.