BillCalc is a small program that is useful for those who want to set a schedule for paying off loans, credit card balances, and other debts. BillCalc calculates monthly payments based on your individual goals regarding a particular bill. BillCalc takes in three numbers: the balance, the interest rate, and the number of months you'd like to have to pay off that balance. It puts those figures into a simple formula for compound interest, and calculates the necessary monthly payment. This update features bug fixes and changes the name of the company to Peretek.