A1 Yippee > Windows > Business > Accounting / Finance > Mortgage Wizard Plus

Mortgage Wizard Plus
Mortgage Wizard Plus calculations are either a conventional method (360 day method) or a method based on exact day factors. With the conventional method, each month equals 1/12 th of a year. A 28day, 29 day, 30 day and 31 day month are treated the same. Books with Mortgage tables are also based on this method. Mortgage Wizard Plus can also calculate your mortgage based on one of two Exact day factor methods. Both methods are basing the calculation on the exact number of days from the previous payment. With the first exact day factors method, the interest is based on 365 days per year every year. Feb 29 is with this method an interest free day. The second method is based on the actual number of days in the year. These exact day methods are used by many financial institutions. Mortgage calculation based on exact day factors will produce a somewhat different amortization schedule. Our Review: This is a simple Wizard based program for calculating a budget on either a monthly, weekly, or fortnightly basis. Mortgage Wizard Plus is incredibly easy to operate and is directed at the mainstream computer user. On the whole, we found it to be very suitable for its intended purpose, although a few more customisation options and some international perspective would not be without their benefits.
Licence: Freeware Version: 6.2 OS: Windows 95/98, Windows NT Date: 2000/09/03 Developer: Harry Hollander Size: 1.18 MB		Free download
Yippee Ratings Breakdown (5 is best): Installation: 2 Interface: 2 Functionality: 2 Documentation: 3