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.
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.
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.
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.
Form 8697 is used to determine the interest due or to be refunded under the look-back method of section 460(b)(2) on certain long-term contracts that are accounted for under either the percentage of completion method or the percentage of completion-capitalized cost method. TaxInterest software is an excellent program to do the interest calculation.