FinLease 1.5.1 review

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FinLease is an advanced equipment lease calculator that enables you to set up and calculate complex leases quickly and easily.

License: Shareware
OS: Mac OS X
File size: 0K
Developer: ParanzaSoft
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Price: $45.00
Updated: 31 Mar 2006
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FinLease is an advanced equipment lease calculator that enables you to set up and calculate complex leases quickly and easily. Its flexible options let you structure a lease in such a way that almost any situation can be covered.

General options payments can be deferred for 0, 30, 60 or 90 daysu se compounding frequencies ranging from annually to daily use payment frequencies ranging from annually to monthly specify points.

Here are some key features of "FinLease":
General
user entered first payment date
compounding frequencies ranging from annually to daily
payment frequencies ranging from annually to weekly
points

General options
choose from six different day count conventions
specify end of month adjustments
choose from four different rounding options

Payment options
one, two, three advance payments, no advance payment, or a percentage of equipment cost as advance payment
up to 12 groups of 12 step up payments, either as a percentage of regular payments, a fixed amount or interest only
seasonal payments for up to 6 non-consecutive months as a percentage of regular payments, a fixed amount or interest only
up to 12 groups of 12 step down payments, either as a percentage of regular payments, a fixed amount or interest only
residual payment, either as a percentage of equipment cost or as a fixed amount, occuring on the normal end date, on the last payment date or one month after the last payment date.

Limitations:
You can try it out with lease costs varying from 1. to 1.0. When you register, this limitation will be removed and the program will calculate for leases up to 100...

What's New:
added the possibility to omit the nominal annual rate and the compounding frequency in printouts
added the possibility to save a lease as an editable FinFlow file
the current date can now be entered by pressing Command-hypen
results can now be saved as Microsoft Word or Excel documents
schedule data and details can now be copied, dragged and dropped
fixed a number of cosmetic bugs.

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