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ShareWare OnLine 2
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ShareWare OnLine Volume 2 (CMS Software)(1993).iso
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AMORT.HLP
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1993-04-07
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┌───────────────────────┐
│ AMORTIZATION SCHEDULE │
└───────────────────────┘
Selecting `Amortization' from the Main Menu by highlight-
ing it and pressing Enter, clicking on it with a mouse, or
pressing ALT-Z will open the Amortization Schedule window
(form). What makes this program different is its ability
to compute and print `customized' schedules from a single
easy-to-use input format. Features include:
∙ Name line - can be your customer's or your own
organization's name
∙ Monthly, Quarterly, Semi-Annual or Annual payments
∙ Normal P & I payments or Fixed Principal plus
accrued interest payments
∙ Odd Days to 1st payment - can be positive or
negative to adjust accrued interest on 1st payment
∙ Ability to compute the Payment amount based on the
Term, or, for Fixed Principal Payments, compute the
Term based on the Payment amount.
∙ Allows for a `balloon' amount at the end of the
scheduled Term.
┌─────────┐
│ DETAILS │
└─────────┘
See the General Help selection for information on cursor
movement, Command Buttons, Control Box, and general
information.
NAME Can be either your customer's name or your
organization's name. This name will
appear at the beginning of each printout
and on each succeeding page.
LOAN AMOUNT The INITIAL amount of the loan at funding.
Do not add accrued interest for any Odd
Days (other than a normal payment period)
until the first scheduled payment - this
will be handled in the `Odd Days' field
(below). This is a required field and
must be completed.
INTEREST RATE The Annual Percentage Rate charged on this
loan. Enter in a 99.99 format. (eg: a
rate of 10.75% would be entered as 10.75,
not .1075) This is a required field and
must be completed.
TERM IN MONTHS The term of the loan stated in MONTHS. (A
30 year loan would be 360 months; a 5 year
loan would be 60 months; etc.) Even when
using a payment frequency other than
monthly, convert that schedule to months
for this field. (eg: A schedule allowing
16 quarterly payments would equate to 48
months.) To print a `balloon' schedule
enter the Term (in months) of `normal'
payments to be made, and complete the
Periodic Payment field - the schedule will
then show the remaining principal balance
due (balloon) as part of the LAST payment
printed. Unless you have specified Fixed
Principal Payments (see below) and
completed the Periodic Payment field the
Term must be filled in.
FREQUENCY OF Monthly, Quarterly, Semi-Annual, or Annual
PAYMENTS payments may be selected by using the
mouse or the Up/Down arrow keys.
PERIODIC PYMT This can be either (1) the amount
necessary to fully amortize the loan (will
be computed if `0' AND the Term (see
above) is filled in, or use the LOAN
CALCULATOR to compute), (2) the amount to
be used for calculating a `balloon'
schedule, or (3) any subjective amount
you want to use with a specified term. If
you use amount (3), the schedule will
terminate as soon as the principal balance
reaches zero (payment larger than need for
stated term), `balloon' on the last
payment if Full Payout/Last Pymt field is
`checked' (default), or print the stated
term and show the remaining principal
balance (unpaid) at the end of the
schedule if the Full Payout/Last Pymt
field is not checked. The Periodic
Payment field and the Term field cannot
both contain zeros.
ODD DAYS TO The program assumes a full payment period
1ST PYMT until the first scheduled payment is due.
(30 days for MONTHLY payments, 3 mos. for
QUARTERLY, 6 mos. for SEMI-ANNUAL, or 1
year for ANNUAL.) You can adjust for
different periods by using either positive
or negative numbers in this field. (eg:
Enter 15 for a loan with 45 days until the
1st scheduled MONTHLY payment; enter -30
for a loan with 60 days until the 1st
scheduled QUARTERLY payment.) The FIRST
scheduled payment will be adjusted to
account for additional (or reduced)
accrued interest due for the days entered
here.
FIXED PRINCIPAL This check box can be `toggled' on or off
PYMTS with a mouse click or the spacebar. When
toggled ON the program will calculate the
accrued interest for each scheduled
payment and then ADD the amount shown in
the Periodic Payment field to that
interest for a total payment due. This
will result in larger payments at the
beginning of the term, gradually
decreasing with each payment made. When
this box is toggled OFF (default) the
schedule is prepared using normal P & I
payments which will remain the same during
the entire term (except for 1st payment
adjustments for Odd Days and last payment
adjustments for `full payout')
FULL PAYOUT/ This check box can be `toggled' on or off
LAST PYMT with a mouse click or the spacebar. When
toggled ON (default) the last payment will
be adjusted (positive or negative) as
necessary to completely pay out the
remaining pricipal balance owed at the
time of the last SCHEDULED payment. When
toggled OFF the last payment will be a
`normal' payment, and any remaining
principal balance unpaid will be printed
at the bottom of the printout.
COMMAND BUTTONS Three command buttons are available:
[Remember to use the TAB key to navigate
these buttons from the keyboard - a mouse
click or access key automatically executes
the command]
Okay (ALT-O)
accepts the values shown and opens
a PRINT window, giving you the
option to print the schedule on a
printer (LPT1) or the screen, or
Cancel the operation and return to
the Amortization window.
Clear Values (ALT-V)
clears all input entered and
returns to the startup default
values.
Quit (ALT-Q or ESC)
and moves control to the next open
window or the Main Menu.