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TimeValue Software Blog

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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Daily versus Exact Days

By Martel Pellerin

When I first joined TimeValue Software, it took me a while to understand the difference between Daily (compounding) and Exact Days. Both methods calculate interest each day but that is where the similarity ends.

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Daily Payments

By Martel Pellerin

Occasionally, we get a customer that has a unique situation where they have to do daily payments. Sometimes they are only during the business week and sometimes they are 7 days a week.  This is a calculation that you can do in TValue but it takes a little bit of creativity to do it.

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