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ShareWare OnLine 2
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ShareWare OnLine Volume 2 (CMS Software)(1993).iso
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finance
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loanvalu.zip
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READ.ME
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1993-06-10
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110 lines
L O A N V A L U
TO START FROM DISK Type a: then loan then enter
TO START FROM HARD DRIVE
type c: enter , then md loan then cd loan
then copy a:*.* then loan.
TO PRINT READ.ME
type type a:read.me >prn
Limits DEFINITIONS
999,999,999.00 Principal Amount the bank gives to your
lawyer
99.99 Annual Rate Nominal Loan Rate
day to year Compound Period The time the interest is
added to your loan
day to year Payment Period Your check frequency
9999 Amortization The total periods needed to pay
Periods off the loan
9999 Term Periods the total periods before the
bank renegotiates the loan
mmddyy Start date the day before the loan money
is given to your lawyer.
Advance/arrears Interest is collected at the
end/beginning of the Pay period
Year Print control
Calendar/loan/fiscal
mmddyy Fiscal Year For Print Control
Interest factor Multiplier to calc interest
999.99 Interest to Calculate interest owed
per day between Mortgage Company
Advance and your lawyer paying
the Builder
999,999.99 Payment The Amount on the check to
the Mortgage Company
Interest Compounded Paid
Canadian Semi-Annually Monthly
American Monthly Monthly
Program Idiosyncrasies
Tab moves from data item to data item
Arrows scroll the written items
Function Keys run the various programs
* MUST be filled to calculate the payments
You calculate the ANY missing *
All the data items are edited
Extra payments are entered thru extra fm
Presentation Objective
Most professional require a loan package for themselves
their customer, and the lawyers. This Does it.
The programme has been tested on an XT,286, 386, and 486
on an Epsom Standard Printer as well as laser printers
in default mode. On my $120.00 printer,it takes 3
minutes to print the most complicated package for a 7
year term mortgage
The numbers were Tested against published professional
data and the results matched.
Future Items
Color
Automotive Loans
Loan Tutor
Financial Funnies
More USA Analysis
Help full hints
On a 25 year Amortized Mortgage,in the first 7 years one
month extra payment will reduce the loan by one year for
each payment.
In Canada, the mortgage interest is not tax deductible
so there are few investments with no risk that pay the
mortgage rate after taxes.