Calculate the IRR of equal monthly installment mortgage loan.
If you are an MBA student having Real Estate Finance as one of the major courses, you are familiar to the difficulties in calculating the IRR of mortgage loans. Excel 2003 cannot solve these IRRs, and sometimes provides inaccurate results. Having a financial calculator is perhaps the best option. However, if you do not have a financial calculator, you may try out this program.
This Windows based program calculates the IRR (internal rate of return) of mortgage loan with good accuracy. It only works for EMI or equal monthly installment loans (also known as CPM or constant payment mortgage), which is the most common type of mortgage loan. This software should not be used for CAM (constant amortization mortgage, which is far less common) loans, because that kind of loan requires a completely different formula to find out their IRR.
It requires these variables to find out the IRR: (1) Net PV or NPV, (2) loan maturity in month, (3) monthly payment or installment, and (4) Loan Closing Fees.
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Full Specifications+
General
Publisher
Shahed Ahmmed
Publisher web site
http://www.ShahedAhmmed.com/
Release Date
January 26, 2015
Date Added
January 27, 2015
Version
1.0.0.17
Category
Category
Productivity Software
Subcategory
Calculators
Operating Systems
Operating Systems
Windows 2003, Windows, Windows 8, Windows Vista, Windows Server 2008, Windows 7, Windows XP
Additional Requirements
Visual Basic 6.0 run-time
Download Information
File Size
56KB
File Name
IRR-Calculator.exe
Popularity
Total Downloads
0
Downloads Last Week
0
Pricing
License Model
Free
Limitations
Not available
Price
Free
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Operating systems:
Windows 7, Windows 8, Windows Vista, Windows XP, Windows 2003, Windows Server 2008, Windows
Additional requirements:
Visual Basic 6.0 run-time
Date:
27.01.2015
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