1. I paid my registration fee and expected to receive my registration key within 1 business day. It's been 2 days now and I still haven't received it. Why?
2. Does "Loan and Mortgage" calculate simple interest amortization schedule?
3. What is the difference between "Variable and Constant" methods of calculating interest?

We always send registration keys on time, often within the next hour following the order. However, unless the email with your registration key bounces back to us, we can only assume that it has reached you as expected, although this is not always the case.

The problem is that with all the junk mail flying on the Internet these days, the legitimate email we send you is often seen as junk mail (a.k.a. spam and unsolicited mail) and is either deleted by error by its recipient or by a spam blocker that does not always make the proper distinction between junk mail and legitimate mail.

If you ordered a registration key for Loan And Mortgage and still haven't received it after 1 business day, please check your 'Deleted items' folder for an email with the subject 'Loan And Mortgage x Registration' where 'x' is the current version number at the time of registering (e.g. 'Loan And Mortgage 2 Registration'). This email comes from 'Felitec Sales'.

If you cannot find the email with your registration key in your 'Deleted items' folder, simply fill and submit our Lost Registration form at http://www.felitec.com/lostreg.php making sure to provide a telephone number where we can reach you during the day.

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Loan and Mortgage was designed to calculate compound interest amortization schedules only. It was not designed to do simple interest.

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When the "Constant" method is used, the percentage of interest calculated on each regular payment (interest factor) does not change from one payment to another. This is always the case for Daily, Weekly and Bi-Weekly payment frequencies where the number of days between regular payments does not change.

However, for Semi-Monthly, Monthly, Quarterly, Semi-Annual and Annual payment frequencies, the number of days between regular payments is not constant given the fact that the number of days from one month to another varies from 28 to 31. In this case, any of the two methods can be used. The "Constant" method will assume that the interest factor does not change regardless of the number of days between regular payments. The "Variable" method on the other hand, will calculate a different interest factor for each regular payment based on the number of days since the last payment.

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