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FINANCIAL CALCULATOR is a simple, menu-driven program that calculates interest on loans, savings, or payments. Calculate your monthly payments, total interest, and the total amount you will pay to the bank at the end of the loan. Get a month-by-month breakdown of your monthly payments, interest for that month, payment on the principal and the ending balance for that month. You can also figure the approximate annual interest rate for a loan. A metric conversion utility is included.
------------------------------------------------------------------------------- FINANCIAL CALCULATOR ver 1.00 ------------------------------------------------------------------------------- FC BAT Starts Financial Calculator program CLEAR1 EXE Clears screen CONV100 EXE Metric conversion program LOAN100 EXE Loan program SCREEN1 PAK Screen file SPEEDSCR COM The Software Bottling Co. Speed Screen program README DOC Documentation for the Financial Calculator program, please read
Disk No 994 Program Title: FINANCIAL CALCULATOR PC-SIG version 1 FINANCIAL CALCULATOR is an easy-to-use, menu-driven program that calculates interest on loans, savings, or payments. A metric conversion utility is also included. For loans, this program calculates your monthly payments, total interest, and the total amount you will pay to the bank at the end of the loan. It also gives a month-by-month breakdown of your monthly payments, interest for that month that was paid on the principle and the ending balance for that month. The approximate annual interest rate for a loan can also be calculated. Usage: Financial System Requirements: 128K memory and one disk drive. How to Start: Type: FC (press enter). Suggested Donation: $6 File Descriptions: FC BAT Starts FINANCIAL CALCULATOR program. FILES TXT File descriptions. CLEAR1 EXE Clears screen. CONV100 EXE Metric conversion program. LOAN100 EXE Loan program. SCREEN1 PAK Screen file. SPEEDSCR COM Speed Screen program. README DOC Documentation. PC-SIG 1030D E Duane Avenue Sunnyvale Ca. 94086 (408) 730-9291 (c) Copyright 1987 PC-SIG Inc.
╔═════════════════════════════════════════════════════════════════════════╗ ║ <<<< Disk No 994 FINANCIAL CALCULATOR >>>> ║ ╠═════════════════════════════════════════════════════════════════════════╣ ║ To print the documentation, Type: COPY README.DOC LPT1: (press enter) ║ ║ ║ ║ To run the program, Type: FC (press enter) ║ ╚═════════════════════════════════════════════════════════════════════════╝
FINANCIAL CALCULATOR MAKING A BACKUP OF YOUR ORIGINAL DISK 1. Put a copy of your DOS into drive A and start up the computer. 2. Type FORMAT B:/S and format a blank disk in drive B label this disk "working disk". 3. Remove DOS disk from drive A and insert the FINANCIAL CALCULATOR program. 4. Type copy A:*.* B: this will copy every thing from disk A to disk B. 5. When this is done remove your original disk from drive A and put it in a save place in case something happens to your working disk. 6. Remove working disk form B drive and install it in A drive. From the A> sign type CAL and hit the return key this will start the program. 1. LOAN PAYMENTS When you go buy a home you usually cannot afford to pay the $50,000 to $200,000 in cash. Instead, you take out a 20 to 30 year loan and make monthly payments until the home is paid for. When you go buy a car, most people take out a 5 year loan and make monthly payments until the car is paid for. In these examples, you make a large purchase and then make time payments to pay for the purchase. When you think about a large purchase, you need to know what the purchase will cost; both the monthly payments and total cost. Total cost is monthly payments times the number of payments. It might be nice to think about buying a house for $150,000, but do you know what the monthly payments will be? This part of the program will show you what your monthly payments will be, what your total interest will be, and the total amout you will pay to the bank at the end of the loan. It will also give a month by month break down of your monthly payments, interest for that month that was paid on the principal and the ending balance for that month. You will will see that the total amount you pay the bank is very large. This is a good reason to put money in a saving account and pay as much on a loan as you can, because of how much it will save you in the long run. You will see in the amortization tables that with each payment the amount of interest you pay decreases. This is because the beginning balance has decreased. The principle increases with each payment because the interest decreases. The increase in the principle payment is larger with each payment. 1 When you select this option you will get the input as follows. Input Amount of loan: Date / / Input payments: Input Interest rate: Input months of loan: The first field is the date this is used for a the output to the printer only. In the second field you input the amount of your loan if you are taking out a loan for $15,000 then enter 15000 with no dollars or comma signs. Skip field three at this time by just pressing the return key. The next field will ask you for the interest rate, enter a valid rate at this time. The next field will ask you for months of the loan enter the number of months you made the loan for. For example 30 years is 360 months. If you make a 30 year loan enter 360 in this field. A few seconds later you will se what your monthly payments, total interest, and total amount paid on the loan will be. If you know what your monthly payments are, or what you can afford to pay each month then when you get to the second field (Input Amount of loan:) skip it bye pressing the return key. Now you will be in the (Input payments:) field enter the monthly payments you can pay then press return to get to the next field (Input months of loan:) enter the total months of the loan then press the return key and in a few seconds you will see what the amount of the loan will be. 2. SIMPLE INTEREST SAVINGS This part of the program calculates simple interest rates. Suppose you want to have $1000 saved in one year. You could put $83 in a jar every month and have $996 at the end of one year. Or you could put $83 in the bank and have $1052.65 at the end of the year. This part of the program is very simple just enter the amount of your savings the interest rate and number of years in the bank. The output will give you the amount of money in the bank at the end of that period for simple interest. 2 3. COMPOUND INTEREST SAVINGS (ANNUAL COMPOUNDING) This part of the program calculates compound interest rates annually. Compound interest just means you earn interest on the interest already earned. While with simple you do not. There is a considerable difference between the two. This means leaving the interest in the account can increase your savings dramatically. This is the same input screen as simple interest. Just enter your values and see your savings. 4. COMPOUND INTEREST SAVINGS (QUARTERLY COMPOUNDING) This part of the program just shows you the difference between annual compounding and quarterly compounding. There is a good difference over a long period of time. 5. INTEREST ON MONTHLY PAYMENTS TO BANK Each of us should have some sort of plan for financial security for our future. This can include everything from gum ball banks to savings accounts, annuties, or even progerty and equipment for investment. For example, consider regular deposits into an interest bearing account, like a savings account. If you deposit $100 each month into an account that pays 6% annually how much money would you have in 10 years? This part of the program will calculate this problem for you. Enter the amount you put in the bank monthly, then interest rate, and number of years you plan to do this. The output will give you the total amount of your savings. 6. TRUTH IN LENDING LAW The Truth-In-Lending law demands that money lending institutions disclose fully the annual interest rate on loans. The apporximate rate can be found using this part of the program. Ex. Assume you make a loan for $5,000 for 36 months. If the payments are made monthly and are $162.50 each, what is the annual percentage rate? The answer is 11% The fields are as followed. Number of payments per year: Monthly payments: Number of total payments: The first field which will be 12 if you pay monthly payments. 3 The second field will be which will be the monthly payments you will be paying. The third field is the total number of payments you will make from the start to the finish. That is if your loan is 2 years and you will make monthly payments, your input here will be 24. 7. METRIC CONVERSIONS This part of the program has nothing to do with money but was put in for conveniency of the user. These conversions can be very useful around the house or at work. Use it and enjoy your computer. The first screen converts english to metric. The second converts from metric to english. If you have received this program from another user or your local users group and find if of value, your $6.00 contribution will be appreciated. This money goes toward the payment of time and money spent on hardware and software to create this program. It will also go towards making this software better in the future. Thank you Southern Electronics P.O. Box 12488 Lake Charles La. 70612 4 ================================================================== DISCLAIMER Southern Electronics makes no representations or warranties with respect to the contents or accuracy of output of hereof and specifically disclaims any implied warranties of merchantability of fitness for any particular purpose. Further, Southern Electronics reserves the right to revise this publication and to make changes from time to time in the content hereof without obligation of Southern Electronics to notify any such person of such revision or changes. ================================================================== 5
Volume in drive A has no label Directory of A:\ CLEAR1 EXE 27126 5-13-87 7:27p CONV100 EXE 56864 5-13-87 8:03p FC BAT 51 5-13-87 8:41p FILES TXT 579 6-20-87 6:53p FILES994 TXT 1185 12-18-87 2:24p GO BAT 38 10-19-87 3:56p GO TXT 540 12-17-87 9:34a LOAN100 EXE 88372 6-20-87 6:35p README DOC 9856 6-20-87 5:41p SCREEN1 PAK 10512 6-20-87 5:57p SPEEDSCR COM 5333 10-01-86 12:00p 11 file(s) 200456 bytes 114688 bytes free