• Short first period payment options:
• Reduced first payment
• Reduce all payments
• Full payment first period
• Short period interest charge options:
• Prorated interest charge
• Actual days interest
• Actual days limited to period length
• Long first period interest payment options:
• Amortized interest over the life of note
• Collected interest with first payment
• Collect interest as prepaid interest
• Long period (odd day) interest calculations options:
• Simple or compound interest based a 360 day year
• Simple or compound interest based on a 365 day year
• No odd day interest

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