"A Loan Calculator for iPhone" is a simple application requiring three input fields for Amount, APR (Annual Percentage Rate) and Number of Periods and then calculates the Payment [per period]. Amount and APR can have Decimal values and Number of Periods needs to be an Integer. The finance characters will automatically format for your region.
You can switch between calculating the Payment or how much Loan Amount you can afford.
An Amortization Table is listed showing Interest, Principal and Balance for each payment.
Every effort has been made to make the calculations as accurate as possible. Not responsible for any decisions or outcomes made from this data.
This is a FREE app.
Look for improvements and an iPad version in the future.
Richard Burk/Sanus Maximus 2014