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ShareWare OnLine 2
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ShareWare OnLine Volume 2 (CMS Software)(1993).iso
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LNCALC.HLP
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1993-04-07
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┌─────────────────┐
│ LOAN CALCULATOR │
└─────────────────┘
Selecting `Loan Calculator' from the Main Menu by high-
lighting it and pressing Enter, clicking on it with a
mouse, or pressing ALT-Z will open the Amortization
Schedule window (form). This program provides a `quick
and dirty' way to play `what if' scenarios to calculate
any one of four loan variables ... Loan Amount, Loan Term,
Periodic Payment, or Annual Interest Rate. By tailoring
your input to the needs/ability of your customer and the
policies of your organization you could save countless
hours of hand calculations trying to properly structure
your loan terms.
┌─────────┐
│ DETAILS │
└─────────┘
See the General Help selection for information on cursor
movement, Command Buttons, Control Box, and general
information.
LOAN AMOUNT The INITIAL amount of the loan at funding.
If this field contains zero (and the
remaining three fields contain values) the
program will compute the amount you can
advance based on the interest rate, term,
payment, and payment frequency specified.
ANNUAL INTEREST The Annual Percentage Rate charged on this
RATE loan. Enter in a 99.99 format. (eg: a
rate of 10.75% would be entered as 10.75,
not .1075) If this field contains zero
(and the remaining three fields contain
values) the program will compute the
applicable interest rate for a loan based
on the amount, term, payment, and payment
frequency specified.
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.) If this field contains zero (and
the remaining three fields contain values)
the program will compute the period
required to fully amortize the loan based
on the amount, interest rate, payment, and
payment frequency specified.
PERIODIC The amount of the monthly, quarterly,
PAYMENT semi-annyal, or annual payment (P & I)
the borrower will pay to liquidate this
loan. If this field contains zero (and
the remaining three fields contain values)
the program will compute the payment
NECESSARY to fully amortize the loan based
on the amount, interest rate, term, and
frequency of payments specified. PLEASE
NOTE: If all four fields contain values
greater than zero the program will ASSUME
that you want to recalculate the periodic
payment and re- compute the payment based
on the other three values. (In this way
you don't have to `clear' the payment
field when trying different term or rate
scenarios.)
FREQUENCY OF These option buttons allow you to specify
PAYMENTS whether payments will be made on a
monthly, quarterly, semi-annual, or annual
basis. Move between the options by using
the Right/Left arrow keys, and toggle the
button on or off by pressing the space
bar (or click on the button with a mouse).
Pressing Enter at one of these buttons
will toggle the button and move you to the
`Calculate' command button. The chosen
option will determine the basis of the
other calculations.
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]
Calculate (ALT-C)
accepts the values shown and
computes the missing (0) variable.
You will receive an error message
if (1) the specified Monthly
Payment does NOT cover the first
month's accrued interest, or (2)
the values entered are insufficient
to complete the calculation
accurately.
Clear Values (ALT-V)
clears all input entered and
returns to the startup default
values.
Quit (ALT-Q or ESC)
closes the window and moves control
to the next open window or the Main
Menu.