Interest Calculator
Do you need to calculate interest on arrears? Having trouble determining the interest on an irregular flow of charges and payments? Trying to figure out how to calculate interest on unpaid child support? Having trouble accounting for state laws such as grace periods, compound interest, or the order in which payments should be applied?
Math4Law's Interest Calculator solves all these problems and more. This modern web application provides a set of user-friendly tools that make every calculation quick, efficient, and error-free. Use it to calculate interest on any irregular flow of charges and payments, such as past-due child support, child support arrears, garnishments, debt collections, private loans, and business credit arrangements.
Why Use Math4Law?
Calculating interest on an irregular flow of charges and payments is not a trivial task. You could use Excel for simple calculations, but the risk of mistakes is too high, it takes too long to maintain the spreadsheet, and you have to really know what you are doing. Math4Law takes the risk out of the equation, saves you time, and gives you the confidence that you got the right result.
Imagine that you need to submit a child support arrears calculation for a judgement. Which one will be treated more seriously, a printed Excel page or a formal Math4Law calculation? The Math4Law printed format is more credible, and is less likely to trigger questions about the accuracy of the calculation you provided.
In some states, child support arrears have special rules, such as compounding the interest, or allowing for a grace period before interest starts to accrue. Math4Law takes care of these complexities, and much more.
Interest Calculator Features
Auto Calculate
Log charges and payments, auto calculate interest and balance on every transaction.
Payment Application Order
Apply Payments in various ways (interest first, principal first).
Cloud-Based
Files are stored in the cloud, saved automatically with every change, and are available to all account users.
Grace Period
Allow for grace period to meet your state law requirements (if applicable)
Simple vs. Compound Interest
Specify simple or compound interest with different compound periods.
Print or Email
Save to PDF or print to any installed printer in a printer friendly format. Email to your inbox or someone else’s.
Ready to give it a try? Start your free trial now. The limited trial allows you to create one file with up to five transactions. To get the full functionality, you can buy an annual subscription or pay per file. An unlimited annual subscription to the Interest Calculator application is only $119.