Release notes

Margill Software Updates (History)

Version 2.9 - November 19, 2007
(2.9.071119)

IMPROVEMENTS

• Added in report, Total payments

PATCHES

• Periodic payments calculation - when change of first payment date, calculation reference period corrected

Version 2.9 - September 25, 2006
(2.9.060925)

PATCHES

• Problems fixed:
  APR - up to 1000%

Version 2.9 - April 21, 2006
(2.9.060421)

This is an important update that offers a number of new options and corrects some elements of the major Margill update from January 26 (Margill 2.9)(see below for all v. 2.9 Release notes).

INNOVATIONS of version 2.9.060421:

• Recurring payments (amortization):

In a normal compound interest amortization, "Short" periods (periods of less than one full period) may now use Simple interest (using various day counts) to calculate the interest for the period.

Balance - Ignore small loan balance (add or subtract to interest) for equal payments throughout the loan.

New nomenclature for identifying positive payments (refunds) and negative payments (increase in principal).

Printed report when using Simple Interest: effective balance totals in the "Balance" column.

• Recurring Payments (Amortization):

Correction of the special fiscal year-end printed reports

Improved "Rich text format" (RTF) report

Variable rate + x% patch

Version 2.9 - January 26, 2006
(2.9.060126)

This is a major update offering new options to facilitate its ease of use and new functions for the "Recurring Payments (Amortization)" calculation and its reports.

INNOVATIONS of version 2.9.060126:

• "File", "New" with calculation descriptions

• Web links to simple and complex Margill calculations (calculation examples)

• "Quick Access" to favorite calculations

• Quick Web access to interest and indexation files

• "Recurring Payments (Amortization)" calculation

  Opening balance = 0.00 or a negative amount

  Opening negative payments (for successive disbursements or loan amounts)

  Opening negative balance

  Simple interest - display of the balance including accumulated interest

  Printed report: totals at any determined date (end of fiscal year for example)

  Printed report: more explicit totals

Version 2.8 - November 1, 2005
(2.8.051101)

This is a minor update of the July 8, 2005 2.8 release, but your version should nevertheless be updated. If you have version a pre-July 8 2.8 version or an earlier version, consult the July 8 release notes below to see the innovations.

INNOVATIONS of version 2.8.051101:

• Calculation headers now can now include very detailed client information (INFO button)

• Software update simplification

IMPROVEMENTS:

• Windows Short Date Format compatibility

• Insert new interest rate adjustment (Periodic Payments (Amortization))

• User's Guide update and adjustment
  

Version 2.8 - July, 8 2005
(2.8.050708)

This major update includes the following new features:

INNOVATIONS:

• Variable interest rates - Automatically adjusted payments according to the variable rates in effect
• APR (Annual Percentage Rate) calculation
• In a snap, add a new interest rate in the results table and automatically recalculate the uniform payments to obtain a balance = X (0.00 or other amount)

• Save calculation
• Add or change many lines at once in a results table and other elements, making this calculation highly powerful

Headings may now be changed in the results screens

Printed reports:

• Annual and quarterly totals and financial year-end option
• Print to file Rich Text Format (.rtf), Text (.txt) and HTML
• Optional data to include in the report

Version 2.7 - December 9, 2004
(2.7.041209)

This major update includes the following new features:

New functions:

• Calculations can be done according to various day count conventions (Actual/Actual (most precise method), Actual/365, 30/360, Actual/360)

• New functions for the "Periodic payments (Amortization)" calculation of which:

  • Refund Interest only
  • Refund a Fixed Principal amount
  • Refund a combination of the above methods (and normal refund - interest first)
  • Calculation of the unknown interest rate, whether the payments are regular or not
  • Recalculation of the payments required to yield a balance = 0,00 or other amount when irregular payments are made (for example, lump sums...)
  • Production of a blank payment schedule but including the variable interest rates and dates
  • Add many lines at once at the end of a schedule
  • Possibility to Undo the changes made in a payment schedule

• Now possible to Save "Simple interest" and "Compound interest" calculations

• View the interest table data within the calculation input screen itself

• Calculate a 180-day delay in Dates

• Interest rate conversion (equivalent rates)

• New interest tables and update of others

• And more than 30 new features

Earlier versions (2.6 and earlier) - History not available.

Margill's first release: 2003

Margill's predecessor (then called Logicalc): 1992