Financial calculator for professionals

RICalc is a Financial calculator for professional business.

Great for commercial lending of loans and leases, and essential to financial professionals to advise on borrowing, savings and retirement plans.

Professional finance software to accurate process Mortgages, Loans, Leases, Savings, Term deposits, Annuities, Funds and retirement estimates. RICalc has the advanced features you expect in commercial business.

It is based on proper debit & credit statements with both exact actual dates and period calculations, with several ways of calculating and charging interest, with flexible allocation of costs & fees, with manual transaction building and overwrite, with scenario comparison & graphical presentation and is True rate compliant.

	Statements with debit & credit and proper transaction descriptions. Amortization & Capitalization schedule with cumulative totals and annual totals. Inspect formula and how interest is calculated per transaction. Export statement or amortization schedule to external application (e.g. spreadsheet). Escrow account for US Rule method amortization.
	True Rate automatically calculated for lending and savings and compliance: For lending: APR, AAPR, AAPR Net and CR Comparison Rate For savings: APY, AAPY, AAPY Net, AAPY Real
	Exact date calculations or classic period calculations or both. Repayments on calendar or business day. When payment falls on weekend, move to previous day (e.g. last day of the month) or to next business day. On the spot calendar, holidays and days calculations.
	Several types of Interest calculation, from simple interest to compound interest, from Flat / Add-on interest to Principal & Interest. Rule of 78, Bank Discount, Balloon and Zero interest rate loans plus Leasing with money or lease factors. Interest capitilisation independent of loan repayment or deposits frequency.
	Smooth adjust installments to minimize final large refund or payout. Lock repayment to fixed amount, gradient increase or decrease repayment or apply your own formula. Defer first loan repayment by days or number of periods. Defer last savings deposit.
	Costs & Fees and Government charges at the start, during or at end of the term. Mortgage points, ongoing fees, irregular reoccurring fees and once-off fees. Your own descriptions of Costs & Fees & Charges with fixed amount or calculated at runtime. Your own formula for runtime fees (fees on withdraws, tax on deposits, etc) Costs assign to Lender or Government for True Rate compliance.
	Multiple streams of any mix of interest and payments or ongoing fees e.g.: A mortgage with a discount interest rate converts later to standard variable rate. An investment loan with Interest Only period rolls to standard Principal & Interest. Flexible changes to interest rates, interest type, repayments and ongoing fees.
	Transaction building of irregular deposits, withdraws, ongoing fees and charges. Manually build your own transactions occurring once (e.g. additional repayment, dishonored payment, one-off fee) or re-occurring for a certain period. Simulate All-in-One mortgage equity, Line of Credit and other irregular loans.
	Scenario comparison & Graphic presentation. Compare current case to similar scenario(s) or compare to other case(s) for more flexibility e.g. current mortgage versus re-finance, biweekly mortgage repayment versus monthly, choice between multiple loan products ...
	Fund & Retirement estimates wizard. Estimate fund values and retirement income after fund running costs, government taxes and inflation. Fine tune individual annual returns, costs and other values to required detail.
	Database for client data storage; account contracts, borrowers, guarantors, properties ... Network enabled shared central database. Internal backup, restore and database management.

All-in-one calculator for commercial and professional business.

Help tutorials from basics to advanced topics.
Revise and apply concepts to RICalc and gain better in depth of Business & Finance maths.

RICalc a professional Financial calculator for commercial business.