Daily Interest Calculator 3.1

Daily Interest Calculator 3.1 offers an effective tool which helps you to accumulate daily interest, remaining balance and number of interest days on a loan or deposit over a selectable period. Selectable compounding period. Selectable calculation method, Equivalent Interest Rate Calculator included for determining effective rates and daily interest factors, nice printouts with or without your own banner, help in compiled HTML format with links to more web based applications. Real freeware. No spyware, adware or viruses.

Major Features:

1. Currency and date formats in accordance with Windows Control Panel settings.
2. Selectable Calculation Method. These are:
   • 365 days each year. No interest on Feb. 29.
   • Actual number of days in each year i.e. 365 or 366 days
3. Select from nine compounding periods, daily to annually.
   1. Simple interest
   2. Daily compounding
   3. Weekly compounding
   4. Bi-weekly compounding
   5. Semi-monthly compounding
   6. Monthly compounding
   7. Bi-monthly compounding
   8. Quarterly compounding
   9. Semi-annual compounding
   10. Annual compounding
4. Nice printouts with capability to add your own banner to printouts.
5. Copy entered data and calculated results as either text or screenshot to the clipboard for subsequent pasting in your documents.
6. HTML Help included with links to more web based popup calculators.
7. An Equivalent Interest Rate is included to provide:
   • Effective annual rates
   • Equivalent rates for other compounding periods
   • Daily Interest Factors
   • Monthly Interest Factors for a month equal to one twelfth of a year. (360 day method)
   • Capability to compare investments e.g.
   •  Is investing at 8.1% compounded monthly better than at 8.25% compounded annually?
8. Absolutely Free with no strings attached.

Requirements: Windows