LOAN PROGRAM VERSION 1.0 By Duane D. Becker 2419 Cochin Street Grand Island, NE 68801 This Program is a Demo of a Loan Calculation program. It is written for Microsoft Windows using Microsoft Visual Basic. To run the program create an application icon in Windows, or execute it from File Manager. The Visual Basic VBRUN100.DLL run-time file needs to be in the same directory with LOANDEMO.EXE. The demo program is exactly the same as the main LOAN program, except that the "Print" and "View with Notepad" options have been disabled. The Demo program displays the first and last 12 months of the payment schedule in a window. Loan files can be saved and re-opened at a later time. You have the option of entering the Loan Amount, Interest Rate, and Term and have the program calculate the Monthly Payment, or entering a Payment and have the program calculate a Loan Amount for that Payment. An option is provided to have the interest totals calculated for each year or to have the interest totals accumulate throughout the term of the loan. A fully functional program may be purchased for only $15.00 by using the order form (ORDER.FRM) provided. Please distribute this Demo to anyone you know who may be interested. ---------------------------------------------------------------------------- The Following report is a sample of a report that can be created using a registered copy of LOAN 1.0. It is a report generated using the "View with Notepad" option. The print option is similar, except the table headers would only appear on the to of each page. ---------------------------------------------------------------------------- Amount of Loan = $10,000.00 Interest Rate = 10.0 % Loan Term = 4. Yrs Total Total Total Mo Yr Payment Interest Principal Balance Interest Principal 7 92 253.63 83.33 170.30 9,829.70 83.33 170.30 8 92 253.63 81.91 171.72 9,657.99 165.25 342.01 9 92 253.63 80.48 173.15 9,484.84 245.73 515.16 10 92 253.63 79.04 174.59 9,310.25 324.77 689.75 11 92 253.63 77.59 176.04 9,134.21 402.36 865.79 12 92 253.63 76.12 177.51 8,956.69 478.47 1,043.31 Total Total Total Mo Yr Payment Interest Principal Balance Interest Principal 1 93 253.63 74.64 178.99 8,777.70 553.11 1,222.30 2 93 253.63 73.15 180.48 8,597.22 626.26 1,402.78 3 93 253.63 71.64 181.99 8,415.24 697.91 1,584.76 4 93 253.63 70.13 183.50 8,231.73 768.03 1,768.27 5 93 253.63 68.60 185.03 8,046.70 836.63 1,953.30 6 93 253.63 67.06 186.57 7,860.13 903.69 2,139.87 7 93 253.63 65.50 188.13 7,672.00 969.19 2,328.00 8 93 253.63 63.93 189.70 7,482.30 1,033.12 2,517.70 9 93 253.63 62.35 191.28 7,291.02 1,095.47 2,708.98 10 93 253.63 60.76 192.87 7,098.15 1,156.23 2,901.85 11 93 253.63 59.15 194.48 6,903.67 1,215.38 3,096.33 12 93 253.63 57.53 196.10 6,707.57 1,272.91 3,292.43 Total Total Total Mo Yr Payment Interest Principal Balance Interest Principal 1 94 253.63 55.90 197.73 6,509.84 1,328.81 3,490.16 2 94 253.63 54.25 199.38 6,310.46 1,383.06 3,689.54 3 94 253.63 52.59 201.04 6,109.42 1,435.65 3,890.58 4 94 253.63 50.91 202.72 5,906.70 1,486.56 4,093.30 5 94 253.63 49.22 204.41 5,702.29 1,535.78 4,297.71 6 94 253.63 47.52 206.11 5,496.18 1,583.30 4,503.82 7 94 253.63 45.80 207.83 5,288.35 1,629.10 4,711.65 8 94 253.63 44.07 209.56 5,078.79 1,673.17 4,921.21 9 94 253.63 42.32 211.31 4,867.48 1,715.49 5,132.52 10 94 253.63 40.56 213.07 4,654.42 1,756.06 5,345.58 11 94 253.63 38.79 214.84 4,439.57 1,794.84 5,560.43 12 94 253.63 37.00 216.63 4,222.94 1,831.84 5,777.06 Total Total Total Mo Yr Payment Interest Principal Balance Interest Principal 1 95 253.63 35.19 218.44 4,004.50 1,867.03 5,995.50 2 95 253.63 33.37 220.26 3,784.24 1,900.40 6,215.76 3 95 253.63 31.54 222.09 3,562.15 1,931.94 6,437.85 4 95 253.63 29.68 223.95 3,338.20 1,961.62 6,661.80 5 95 253.63 27.82 225.81 3,112.39 1,989.44 6,887.61 6 95 253.63 25.94 227.69 2,884.70 2,015.38 7,115.30 7 95 253.63 24.04 229.59 2,655.10 2,039.41 7,344.90 8 95 253.63 22.13 231.50 2,423.60 2,061.54 7,576.40 9 95 253.63 20.20 233.43 2,190.17 2,081.74 7,809.83 10 95 253.63 18.25 235.38 1,954.79 2,099.99 8,045.21 11 95 253.63 16.29 237.34 1,717.45 2,116.28 8,282.55 12 95 253.63 14.31 239.32 1,478.13 2,130.59 8,521.87 Total Total Total Mo Yr Payment Interest Principal Balance Interest Principal 1 96 253.63 12.32 241.31 1,236.82 2,142.91 8,763.18 2 96 253.63 10.31 243.32 993.49 2,153.21 9,006.51 3 96 253.63 8.28 245.35 748.14 2,161.49 9,251.86 4 96 253.63 6.23 247.40 500.75 2,167.73 9,499.25 5 96 253.63 4.17 249.46 251.29 2,171.90 9,748.71 6 96 253.39 2.09 251.29 0.00 2,174.00 10,000.00