First, you may ask, "what is a 'matrix calculator'"? A matrix is a rectangular shape created by the intersection of a series of rows and columns. A "matrix calculator" calculates the results that populate the intersection of each row and column. If you look at the screen shot, what we mean will become clear to you.

By virtue of the matrix then, a matrix calculator calculates many results for a various range of inputs. Two inputs may change for any desired calculation. All of our matrix calculators will also give you the choice of what will be calculated.

The advantage a matrix calculator offers, of course, is the time savings in performing "what-if" calculations. Rather than use a single result calculator and keep changing the interest rate, for example, to find the various resulting regular payment amounts, use the matrix calculator and have many payment amounts calculated and visible at the same time with one click of the "Calc" button.

Specifically, with this loan matrix calculator, the user may select having either the regular payment amount calculated or the loan amount calculated. If the payment amount is to be calculated, the user will enter the amount borrowed, an initial assumed term and interest rate and their respective "step" values. The calculator will increase the interest rate along the top of the matrix and increase the term down the matrix and calculate the different payment amounts as the content of the matrix.

Below are more details about this loan matrix...

**Periodic Payment calculation:** A user wants to borrow a specific amount. What will be the regular payment if the loan is to be fully paid off in 60 periods assuming an initial interest rate of 7.75%? The matrix calculator lets the user set the Initial Annual Rate (quoted interest rate) and the Initial Total Periods. Result: $967.53. The calculator continues with other scenarios. For example, the user learns that if the interest rate is 9.25% and he or she wants to make 180 monthly payments, then the payment amount is $494.01

**Amount of Loan calculation:** A user can afford a regular payment of $500.00. How much will they be able to borrow if a full pay off is made in 48 periods assuming an initial interest rate of 6.0%? The matrix calculator lets the user set the Initial Annual Rate and the Initial Total Periods. Result: $21,290.16. The calculator continues with other scenarios. For example, the user learns that if the interest rate is 6.75% and he or she wants to make 96 monthly payments, then the amount they can borrow will be $37,010.61.

Note: A matrix can be completely customized and printed on one sheet of paper. It can then be carried with you and used as a handy reference tool.

Features in common for all calculators.

In a hurry? Here's a short

description of every calculator.

Do you need to confirm or record payments paid on a loan?

If so, then try *C—Value!* and our step-by-step

loan servicing tutorial.

Download a trial of *SolveIT!* or *AmortizeIT!* to try this calculator.

No personal information required.

No obligation.

No restrictions.

click to view

Updated! Online!

Time Value of Money

Calculator

To get this calculator you have 2 purchase options...

*SolveIT!*

-over 40 calculators-

$99.95

or

*AmortizeIT!*

-14 calculators-

$49.95

Get immediate program access.

90-day money

back guarantee.

Calculations Grouped by Function

New & Popular Calculators

- Amortization Schedule — show/print payment schedule
- Auto Loan — supports optional trade in or deposit
- Budget — income & expense allocation
- Balloon Loan — structure loan with balloon
- Debt Adviser — evaluate 4 debt elimination plans
- Goal Planning — design both savings & spending needs
- Loan calculator — solve for any unknown
- Mortgage Calculator — solves for 6 variables
- Net Worth — assets minus liabilities
- Value of an Annuity — present value of cash flow
- Savings Calculator — calculate 4 unknowns

Time Value of Money Tutorials

- One loan multiple borrows — setup construction loan
- Structured loan — skipped or stepped payments
- Special payment series — initially only interest paid
- Biweekly payments — save interest
- Audit loan balance — w/ optional irregular payments
- ARM — loan with any date interest rate changes
- Buying mortgages? Calculate mortgage's present value.
- Over 20 Other Step-by-Step Guides
- Video Tutorials

Home
Site Help Site Map
©
Pine Grove Software, LLC, All Rights Reserved. Privacy Policy Contact Us
Store Blog