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TimeValue Software Blog

Calculating Blended Rates

By Martel Pellerin

TValue is a popular tool for calculating the blended rate on a variable rate loan or for multiple loans in a portfolio. This is also known as the weighted average rate. With TValue, it is an easy exercise to get this magic number. Here are two examples of different customer cases we recently handled.

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Can TValue Handle Late Fees?

By Martel Pellerin

Many of our customers use TValue amortization software to track payment activity and balances on their loans. Our Support team often speaks to customers who want to know if TValue will handle late fees. TValue is not a loan servicing product, although many users use TValue for that purpose, which includes managing late fees.

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Year End Accruals for Compound Interest Loans

By Martel Pellerin

At the end of the year, we have customers call for assistance with compound interest loans (Normal Amortization) who ask “How do I calculate my year-end interest accruals or interest paid?” With compound interest loans and irregular payments, this can be challenging, but there is an alternative way to calculate them. Let’s show you how TValue can assist in calculating year-end interest accruals and interest paid.

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APR Calculations for Commercial Financing Disclosure Laws

By Martel Pellerin

Multiple states have passed regulations for commercial financing disclosure laws that will require an Annual Percentage Rate (APR) similar to the Regulation Z (Reg Z), Truth in Lending Act for consumer loans that is computed in TValue amortization software. The APR is a standardized way to express the total cost of credit, including both interest and fees, as a single percentage rate. By requiring commercial lenders to disclose APRs, these state regulations will help businesses understand the true cost of borrowing and make more informed decisions about their financing options.

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Calculating Lease Rate Factors

By Martel Pellerin

Have you ever been quoted a “lease factor” and you don’t know what it means? A lease rate factor is the regular lease payment as a percentage of the total cost of the leased equipment. Stated another way, if you multiply the lease rate factor by the cost of the leased equipment, you will determine the regular payment amount. The lease rate factor is a seemingly simplistic way of getting the payments but it is more complex than it appears.

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