Adjustable Rate (AR) Module

Allows you to adjust interest rates according to a periodic schedule
Tag individual loans as AR loans (others will not be adjusted); adjust the interest rate for designated loans on a periodic basis (quarterly, annually, etc.); perform rate adjustments for all AR loans in a single batch operation

Implements “Prime Plus” loan rates, provides three adjustment factors:
– Common Base Rate factor (e.g., pegged to a published index such as the Prime Rate)
– Individual Plus Rate factor which may be set differently for each AR loan
– Maintains set payment amount, calculates re-amortized principal and interest payments, or updates interest-only payments for each AR loan