TSC - Loan Calculation - Express Edition 2.0 - User Guide and FAQ

Frequently Asked Questions - TSC - Loan Calculation - Express Edition

1. Is there a way to modify how many coupons per page on the coupon printouts?
   No, not at this time. There are plans for modification in future releases.
   
   
2. Is there any specific stationary that the coupons are to be printed on?
   No, the initial design of the coupon printouts was merly designed around the availble space. Future release will add customization of the coupon printouts.
   
   
3. Is there a way to compute exact interest per the payment date and not the due date?
   No, not at this time. possible future release may contain this.
   
   
4. What is the difference between ARP and Interest rate?
   The interest rate is the interest rate used in the calculation, however the ARP is the effective annual percentage rate for the loan depending on your calculation methods. The ARP is an effective way of comparing two different loans from different lending institutions. The ARP is calculated per Regulation Z appendix J.