association member recently recommended a calculator for loan or contract
payments. The calculator has a lot of useful features such as calculating
regular loan payments for any frequency, not just monthly. Compounding frequency
may be set separately from payment frequency. The calculator also can calculate
and show the dollar value of the points being charged.
A link to
this calculator is posted on the webpages for the Real Estate & Title Law
Section and the General Practice Section of the ISBA for future reference. The
calculator can also be viewed directly, here.