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Would you like to know what a loan costs before talking to your banker? Would you like to know how much profit you could make before loaning your money to someone? Would you like to compare the cost of a loan using different interest rates? If these or other questions are important to you, then AMORTIZE can help. It helps solve such matters before you make a loan. For example, if you know the principal (amount to be borrowed), the interest rate, the payment amount, and certain other data, then AMORTIZE will compute the number of payments to be made. AMORTIZE will compute for principal, interest, number of periods, payments, fixed principal amount, and for the balloon payment. AMORTIZE will save your worksheet for future reference, and also print to your printer or to a disk file (ASCII format for transfer purposes). It doesn't handle simple interest formulas, bond value and yield information, and advance payment adjustments. But what it does do, it does easily and quickly.
AMORTIZE.EXE LOAN CALCULATION AND AMORTIZATION PROGRAM COPYRIGHT (C) 1987 J. GORDON ROWE DEVELOPED BY: ROWE SOFTWARE 912 PARK AVE. MARION, S.C. 29571 (803) 423-5352 THIS PROGRAM IS A SHAREWARE PRODUCT. IF YOU FIND IT USEFUL, YOUR CONTRIBUTION OF $20 TO THE AUTHOR WILL BE APPRECIATED. PLEASE SEND YOUR NAME, ADDRESS AND ANY SUGGESTIONS FOR IMPROVEMENTS. FUTURE UPDATES ARE FREE TO REGISTERED USERS. ** DISCLAIMER ** ROWE SOFTWARE MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ABOVE MENTIONED PRODUCT AND SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PURPOSE. 1. INSTALLATION- This program may be used with any PC compatible system with a minimum of 256K with an MDA or CGA compatible video adapter. The program may be used on either a floppy or hard disk system. The program AMINSTAL.EXE allows the user to change the color settings for data entry, text and borders. The file AMORTIZE.EXE must be in the current directory for the installation to work properly. To use the install program, log onto the directory containing AMORTIZE.EXE and AMINSTAL.EXE. Type AMINSTAL at the DOS prompt. The program will display 128 combinations of foreground and background colors. At the bottom of the screen, the program will display the current settings for data entry fields, screen text and borders. You can alter these simply by entering the number of the desired setting. Use TAB to select data entry, screen text or borders. When you have entered the desired settings, press ESC to save and exit. If you make a mistake, you can always repeat the installation procedure. NOTE: If you have an MDA video adapter, try setting the data entry color to 2. This will underline the data entry fields. The installation process changes the file AMORTIZE.EXE. If you copy the file to another computer that has a different video adapter, you may need to install different color combinations. For example, if you install the program on a machine with an MDA adapter, and set the data entry color to 2 (underline), and then copy the program to another machine with a CGA adapter and a monochrome screen, the data entry fields may not be visible. (Color 2 on a CGA adapter is blue on black.) 2. OPERATION- To start the program, be sure you are logged onto a directory containing AMORTIZE.EXE and AMORT.HLP. At the DOS prompt, type AMORTIZE and press Enter. Press <F1> to exit the program at any time. Press <F10> to view the help screen at any time except when viewing, printing or filing a schedule. 2.1 MENU FUNCTIONS LOAD will load a schedule previously saved on disk. You may specify the drive and/or directory. EXAMPLE: C:\ACC\SCHED1.AMT SAVE will save the current schedule setting in a file on disk. You may specify the drive and/or directory. You may use any valid DOS file name. If the file name you choose already exists, the program will ask you whether you wish to overwrite the existing file. EDIT will allow you to edit the parameters for the loan schedule. This procedure is described in section 2.2. PRINT will allow you to print the schedule. Any PC compatible list device will work. NOTE: The program sends an ASCII character 13 to activate the printer's form feed. If this does not work with your printer, please note your printer's make, model and form feed sequence when you send in for your registration. You will receive an updated version that will work with your printer. When selecting PRINT, VIEW or FILE, you can choose the type of report and the month on which you wish to subtotal. The detail report will output each payment, whereas the summary report will show annual totals only. (If payments are annual, the summary report will show only a total for the entire loan.) VIEW allows you to view the schedule on screen. Allow a moment for the report to begin. Pressing <F3> will switch between slow and fast output. Pressing <F5> will pause the display and pressing <F7> will abort the display. FILE will allow you to file the report in ASCII format on disk for use with a word processor or spreadsheet program. You may use any valid DOS file name and you may specify the drive and/or directory. 2.2 EDITING THE SCHEDULE The EDIT menu selection allows you to specify the known variables for the loan schedule. You may also enter 2 heading lines. Use the following keys: <UP> or <TAB> Move to the previous field. <LEFT> or <RIGHT> Move laterally within the field. <INS> Set insert mode on/off. <DEL> Delete character at cursor position. <SPACE> Change values for frequency and loan type. <ENTER> Accept current value and move to next field. <ESC> Return to menu. PRINCIPAL is the amount borrowed. The number should be entered as dollars and cents separated by a decimal point. INTEREST RATE is the annual percentage rate of the loan. The number should be entered as a percentage IE. 10.75% should be entered as 10.75. NUMBER OF PERIODS is the term of the loan in periods. This number must be entered as a whole number. EXAMPLE: If the loan is for 10 years and the payments are monthly, then enter 120. FREQUENCY is the interval at which payments are due. The default frequency is monthly. This can be changed by pressing the space bar. Payment frequencies can range from weekly to annual. Be sure the frequency and number of periods correspond correctly. EXAMPLE: If the term of the loan is 2 years and the payments are to be made bi-weekly, then enter 52 for number of periods and set frequency to bi-weekly. LOAN TYPE is the method for calculating the loan amortization. Standard type uses a fixed payment to amortize the loan. (The standard type will adjust the final payment if necessary to cover the proper amount of interest.) Rule of 78's type also uses a fixed payment, but amortizes based upon the rule of 78's. The fixed principal type loan uses a decreasing payment. The payment is calculated for each interval by adding the accrued interest to the principal payment. Typically, the fixed principal amount will be the entire principal amount divided by the number of periods. Enter the fixed principal amount in dollars and cents, separated by a decimal. PAYMENT is the amount of the periodic payment. This should be entered in dollars and cents separated by a decimal. With a fixed principal type loan, this is the amount of the first payment. BALLOON if the principal remaining that is not amortized by the payments over the specified period. This should be entered in dollars and cents separated by a decimal. FIRST PAYMENT DATE is the date on which the first periodic payment falls. The date must be entered in MM/DD/YY format. HEADING allows you to enter 2 lines of text which describes the schedule. These lines will appear on printed and filed reports, and will be automatically centered. PRESS ESC at any time to exit the editing function. 2.3 SOLVE (F2) You may solve for the following variables: PRINCIPAL INTEREST RATE NUMBER OF PERIODS FIXED PRINCIPAL AMOUNT PAYMENT BALLOON Once you have entered the known variables, press F2, use the cursor keys to highlight the variable you wish to solve, and press enter. The program will give you an error message if insufficient data exists. To solve for : You must know: PRINCIPAL Interest rate Number of periods Fixed principal amount (if required) Payment Balloon (if desired) INTEREST RATE Principal Number of periods Fixed principal amount (if required) Payment Balloon (if desired) To solve for : You must know: NUMBER OF PERIODS Principal Interest rate Fixed principal amount (if required) Payment Balloon (if desired) FIXED PRINCIPAL AMOUNT Principal Interest rate Number of periods Balloon (if desired) PAYMENT Principal Interest rate Number of periods Fixed principal amount (if required) Payment Balloon (if desired) BALLOON Principal Interest rate Number of periods Fixed principal amount (if required) Payment When solving, the program disregards the current value of the variable to be solved. Therefore, when editing a schedule, you may simply leave that variable with a value of zero. When solving for interest rate, allow a moment for the program to return a value. NOTE: when solving, be sure that you do not solve for a variable that you are currently editing. 3. SUGGESTIONS- It is common for a loan to have a delayed first payment date. Typically, if the first payment date is later than 1 period from the loan date, the additional interest is capitalized into the principal, resulting in a higher payment. To calculate the correct payment for this type of loan, determine if additional interest is to be charged and capitalized. If so, add the additional interest to the principal before solving for the payment. EXAMPLE: A loan is made for $20,000 on January 1, 1989 at 10% for 120 standard monthly payments. The first payment is delayed until March 1, 1989. Depending upon the terms of the loan, this may result in additional interest of $166.67. To determine the proper amortization, set the principal to $20,166.67 and solve for the payment.
Disk No: 2177 Disk Title: Amortize PC-SIG Version: S1.1 Program Title: Amortize Author Version: 1.1 Author Registration: $20.00 Special Requirements: None. Would you like to know what a loan cost before talking to your banker? Would you like to know how much profit you could make before loaning your money to someone? Would you like to compare the cost of a loan using different interest rates? If these or other questions are important to you, then AMORTIZE can help. It helps solve such matters before you make a loan. For example, if you know the principal (amount to be borrowed), the interest rate, the payment amount, and certain other data, then AMORTIZE will compute the number of payments to be made. AMORTIZE will compute for principal, interest, number of periods, payments, fixed principal amount, and for the balloon payment. AMORTIZE will save your worksheet for future reference which is a nice feature. It also will print to your printer or to a disk file (ASCII format for transfer purposes) which is good. It doesn't handle simple interest formulas, bond value and yield information, and advance payment adjustments. But what it does do, it does easily and quickly. PC-SIG 1030D East Duane Avenue Sunnyvale Ca. 94086 (408) 730-9291 (c) Copyright 1989 PC-SIG, Inc.
╔═════════════════════════════════════════════════════════════════════════╗ ║ <<<< Disk #2177 AMORTIZE >>>> ║ ╠═════════════════════════════════════════════════════════════════════════╣ ║ ║ ║ To print the documentation, type: PRINTDOC (press enter) ║ ║ ║ ║ To start the program, type: AMORTIZE (press enter) ║ ║ ║ ╚═════════════════════════════════════════════════════════════════════════╝ (c) Copyright 1990, PC-SIG Inc.
Volume in drive A has no label Directory of A:\ AMORTIZE EXE 107764 5-28-90 9:05p AMINSTAL EXE 56458 1-27-90 1:47p AMORT HLP 5602 5-01-89 12:46a AMORT DOC 16113 5-08-89 12:15a PRINTDOC BAT 18 5-07-89 1:36a GO BAT 38 10-19-87 3:56p GO TXT 729 1-01-80 9:41a FILE2177 TXT 2591 7-13-90 11:42p 8 file(s) 189313 bytes 128000 bytes free