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1989-06-26
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PCLOAN4 vers 4.X LOAN AMORTIZATION PROGRAM
o 1,2,3,4,6,12,13,24,26,52 payments per year.
o FASBY 91 amortization of origination fees.
o Change interest rate and/or payment amount at any payment date.
o Interest only payments at any time. Skip any payment.
o Payment amount and interest payments are rounded to exact cents. No
rounding errors. See special report below to check rounding accruacy.
o Ability to edit a previous schedule to change one item without reentering
all the loan data. Do what if, calculations. Or clear all variables and
start over.
o Partial schedule. For example print payments 300 to 312 of a 30 year loan.
(On the screen only if you are in a real hurry.)
o Odd days interest on first payment. Simple interest only.
o Output can be directed to screen, printer, or to a text file, or to a pure
data file. Any one, two, or all three at the same time.
o You can customize your schedules with the name of your company.
o Schedules for interest only and/or balloon payments.
o Payments can be either constant periodic payment or constant periodic
principal payment plus all accrued interest.
o The program will either compute the correct payment for you or at your
option will attempt to use any payment you give it (for better of worse.).
o Rule of 78ths loans. Amortization schedule or rebate schedule. Rebate only
calculation with out waiting on schedule.
o Total interest and principal paid each fiscal (or calender) year, for
income taxes. Simple interest only. (IRS does not allow use of 78ths.)
o Rule of 78ths rebate schedule.
o Optional interest computation basis: 360/360;365/360;365/365. The interest
basis can be preset and remembered so you will not have to depend on an
employee to remember to reset it each time.
o Loan calculator. Calculate amount, payment, number of payments, or (APR)
for any loan, simple interest or rule of 78ths.
o Display calendar for any month.
o On screen help available from menu.
o Complete well organized manual.
SAMPLE AMORTIZATION SCHEDULE:
Name of your company here!
Amortization schedule
Date printed : 06-02-1986 Payor : John Q Public
Principal Amount : 12,000.00 Payee : MyNationalBanc
Payment amount : 564.88 Comments...
No. payments / yr : 12 Lot 1 block c. etc-etc
Interest rate, pct/annum : 12.00 Home improvement (Hot tub)
Date of note : 01-01-86
Date of first payment : 02-15-86
===============================================================================
Page no. 1
Pmt Date Date Interest Principal Balance Cumulative
No Due Paid Payment Payment Remaining Interest
===============================================================================
1 02-15-1986 _______ 180.00 0.00 12,000.00 180.00
2 03-15-1986 _______ 120.00 0.00 12,000.00 300.00
-------------------------------------------------------------------------------
03-31-1986 FYE TOTALS 300.00 0.00 12,000.00
-------------------------------------------------------------------------------
3 04-15-1986 _______ 120.00 0.00 12,000.00 420.00
4 05-15-1986 _______ 120.00 444.88 11,555.12 540.00
5 06-15-1986 _______ 115.55 449.33 11,105.79 655.55
6 07-15-1986 _______ 111.06 453.82 10,651.97 766.61
7 08-15-1986 _______ 106.52 458.36 10,193.61 873.13
8 09-15-1986 _______ 101.94 462.94 9,730.67 975.07
9 10-15-1986 _______ 97.31 467.57 9,263.10 1,072.38
10 11-15-1986 _______ 92.63 472.25 8,790.85 1,165.01
11 12-15-1986 _______ 87.91 476.97 8,313.88 1,252.92
12 01-15-1987 _______ 83.14 481.74 7,832.14 1,336.06
13 02-15-1987 _______ 78.32 486.56 7,345.58 1,414.38
14 03-15-1987 _______ 73.46 491.42 6,854.16 1,487.84
-------------------------------------------------------------------------------
03-31-87 FYE TOTALS 1,187.84 5,145.84 6,854.16
-------------------------------------------------------------------------------
15 04-15-1987 _______ 68.54 496.34 6,357.82 1,556.38
16 05-15-1987 _______ 63.58 501.30 5,856.52 1,619.96
17 06-15-1987 _______ 58.57 506.31 5,350.21 1,678.53
18 07-15-1987 _______ 53.50 511.38 4,838.83 1,732.03
19 08-15-1987 _______ 48.39 516.49 4,322.34 1,780.42
20 09-15-1987 _______ 43.22 521.66 3,800.68 1,823.64
21 10-15-1987 _______ 38.01 526.87 3,273.81 1,861.65
22 11-15-1987 _______ 32.74 532.14 2,741.67 1,894.39
23 12-15-1987 _______ 27.42 2,741.67 0.00 1,921.81
******************************************************************************
23 12-15-1987 _______ Total balloon payment due 2,769.09
******************************************************************************
-------------------------------------------------------------------------------
03-31-1988 FYE TOTALS 433.97 6854.16 0.00
-------------------------------------------------------------------------------
Features:
(1) Computes proper payment amount or uses any amount you specify.
(2) Payments per year 1, 2, 3, 4, 6, 12, 24, 52.
(3) Custom heading for each schedule.
(4) Dates above 2000 handled properly.
(5) Space to post date paid.
(6) Odd days interest on first payment (Simple interest only).
(7) Interest only payments. 1 or all.
(8) Cumulative interest life of loan. Used to calculate interest during
various odd periods. User set fiscal year end interest report.
(9) Attractive page breaks with adequate top and bottom margins.
(10)Balloon payments
(11) Maximum number of of payments is 999, (83 years).
TABLE OF CONTENTS
LICENSE AGREEMENT AND WARRANTY . . . . . . . . . . . . . . . 1
INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . 2
TO INSTALL THE PROGRAM ON A WORKING DISK . . . . . . . . . . 2
TO RUN THE PROGRAM . . . . . . . . . . . . . . . . . . . . . 3
TO PRINT A SCHEDULE . . . . . . . . . . . . . . . . . . . . 4
MENUS . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
MAIN MENU . . . . . . . . . . . . . . . . . . . . . . . 5
LOAN AMORTIZATION MENU . . . . . . . . . . . . . . . . 6
LOAN CALCULATION MENU . . . . . . . . . . . . . . . . . 7
RULE OF 78THS CALCULATION MENU . . . . . . . . . . . . 7
HELP . . . . . . . . . . . . . . . . . . . . . . . . . 9
OUTPUT OPTIONS MENU . . . . . . . . . . . . . . . . . . 10
Setting output options . . . . . . . . . . . . . . 10
Selecting the report format. . . . . . . . . . . . . . . . . 12
INTEREST OPTIONS MENU . . . . . . . . . . . . . . . . . 12
Setting interest calculation options. . . . . . . 12
Simple interest loans . . . . . . . . . . . . . . . . . 14
1) Principal amount . . . . . . . . . . . . . . 14
2) Number of payments to amortize . . . . . . . 15
3) Number of payments per year . . . . . . . . . 15
4) Number of interest only payments . . . . . . 15
5) Payment at which loan balloons . . . . . . . 16
6) Interest rate . . . . . . . . . . . . . . . . 16
7) Date of note . . . . . . . . . . . . . . . . 17
8) Date of first payment . . . . . . . . . . . . 17
9) Payment type . . . . . . . . . . . . . . . . 17
Interest included . . . . . . . . . . . . . . 17
Plus accrued interest . . . . . . . . . . . . 17
10) Payment amount . . . . . . . . . . . . . . . 18
Rule of 78ths loans . . . . . . . . . . . . . . . . . . 18
1) Principal amount of note . . . . . . . . . . 18
2) Total finance charges . . . . . . . . . . . . 18
3) Total amount of note . . . . . . . . . . . . 19
4) Number of payments . . . . . . . . . . . . . 19
5) Payment amount . . . . . . . . . . . . . . . 19
6) Date of note . . . . . . . . . . . . . . . . 20
7) Date of first payment . . . . . . . . . . . . 20
8) Number of payments per year . . . . . . . . . 20
Correcting errors . . . . . . . . . . . . . . . . . . . . . 21
Customizing. Remembering option settings. . . . . . . . . . 21
Setting foreground and background colors . . . . . . . . . . 23
Bugs and errors . . . . . . . . . . . . . . . . . . . . . . 24
Reporting bugs or errors . . . . . . . . . . . . . . . . . . 25
Requests for future versions . . . . . . . . . . . . . . . . 25
New feature request . . . . . . . . . . . . . . . . . . . . 27