It’s hard to argue with the SEC’s position that off-balance- sheet treatment of leases allow companies to easily make a finance purchase appear like a rental contract. Using current accounting standards, lessees are able to legally keep over 85 percent of...
As the account year comes to an end, there is a major accounting change coming in 2016, with the FASB’s vote to proceed with its new standard for reporting lease obligations starts the clock ticking. The FASB board voted to proceed with the standard, which will...
I am often asked by clients about Tax Benefits / Section 179 of the U.S. Tax Code for new / used equipment purchases. As businesses look to minimize their tax liability, Section 179 is the best Tax Benefits tool the government has to stimulate small and medium...
Loan Calculator Help...
Using the calculator is straight forward. User enters a "loan amount", "number of months",
"annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection,
"End-of-Period", the first payment will be due one month after the loan is made. If
"Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding
frequency and the ability to print an amortization schedule? Please visit,
Currency and Date Conventions
All calculators will remember your choice. You may also
change it at any
"Save changes" will cause the calculator to reload. Your
edits will be