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AMRHELP1.ASC
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1989-11-20
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?????001
?????002
LOAN TITLE FIELD
The Loan Title Field can be used to enter a Description for the loan that will
appear in the heading of the Amortization Schedule. The Description can be up
to 45 characters in length. It will be centered in the heading. All
Alphabetic, Numeric, and Special Characters may be used. An example might be:
"Home Mortgage Loan for John Jones".
?????003
DATE OF LOAN FIELD
The Date of Loan field initially contains the Current Date as obtained from
your computer. This date will be printed in the Heading of the Amortization
Schedule as the date the loan was made. It is also used to calculate the
payment due dates on the schedule. If the loan was made on other than the
current date, you may change the date to be the Actual Loan Date. The format
of this field must be of the form "11/21/1990". Only Numeric Characters and
Slashes are allowed. Invalid dates such as 02/30/1991 will not be allowed.
However, dates entered in several other formats such as "05-06-1992",
"05 06 1992", "5/6/1992", or "05/06/92" will be recognized and accepted
and then redisplayed in standard format. If the format is not recognized, the
editor will "BEEP" you, and you must rekey.
?????004
SUBTOTAL MONTH
The Subtotal Month (SUBT MO) indicates the month after which Annual Subtotals
will be printed. It is initially set to "12" so that subtotals will appear at
the end of each Calendar Year. If you wish Annual Subtotals to be taken after
a different month, you may change this field to any month from "01" to "12".
For example, if you need the subtotals at the end of your Fiscal Year which
ends on June 30th, then enter "06".
?????005
PRINCIPAL AMOUNT FIELD
The Principal Amount field is where you will enter the Total Amount of the
Loan. This will be the Original Balance before the first payment is made.
The field must be numeric. Commas are optional. A decimal point may be used.
After the program edits your entry, it will be redisplayed in a standard
format. Up to 13 numeric digits (including both dollars and cents) may be
entered.
?????006
INTEREST RATE FIELD
The Interest Rate Field is used to enter the Annual Interest Rate to be paid
by the borrower to the lender for use of the money. The program will use this
annual rate to compute the actual rate to be applied to each payment period.
The field must be numeric with a decimal point allowed. Up to 8 numeric
digits may be entered (including 3 digits to the left and 5 to the right of
the decimal point).
?????007
FREQUENCY OF PAYMENTS FIELD
The Frequency of Payments Field allows you to enter the Payment Schedule
Option, that is whether the payments will be made Monthly, Quarterly,
Semiannually, or Annually. Enter "M" for Monthly, "Q" for Quarterly, "S" for
Semiannual, or "A" for Annual Payments.