ORIGINAL LOAN AMOUNT $Enter the amount of the loan you are &wanting amortized. The minimum amount &allowable is 0.01. The maximum amount 'allowable is 99,999,999.99. No decimal %point is required if entering a whole !number. Commas may be entered if (desired. The amount will be redisplayed!after you move to the next field.
INTEREST RATE %Enter the interest rate to be charged (for the ENTIRE length of the loan. This$schedule does not allow for variable !interest rates. The minimum rate %allowable is 0.001. The maximum rate &allowable is 99.999. No decimal point 'is required if entering a whole number. (The amount will be redisplayed after youmove to the next field. LENGTH OF THE LOAN (Enter the number of years and months the(loan will be for. The minimum length of'time is 1 month. The maximum length of 'time is 50 years. If the length of the #loan and the number of payments per (year are such that they do not match one'additional payment will be added to the total number of payments. NUMBER OF PAYMENTS %Enter the number of payments per year &you will be making. The valid entries are: $ 1 - Annual 2 - Semiannual # 3 - Trimonthly 4 - Quarterly ! 6 - Biannual 12 - Monthly 24 - Twice a month 26 - Biweekly 52 - Weekly DATE OF FIRST PAYMENT 'Enter the date that the loan will start 'or did start. The entry is in the form &of Month, Day, and Year. You will not $have to enter the / as it is already %supplied. Be careful when entering a &date so that the month is in the month 'field, the day is in the day field, and #the year is in the year field. ALL #years are assumed to begin with 19. PRINCIPAL & INTEREST PAYMENT %Enter the P and I payment here if you #know the amount and do not want the !system to compute it for you. No (decimal point is required and commas may'be entered if desired. The amount will 'be displayed after you move to the next (field. This field is optional so you do"not have to enter anything for the (system to calculate the P and I payment.ADDITIONAL PAYMENTS (If an additional amount is to be applied'to the ENTIRE length of the loan, enter 'that amount in this field. To have the !system compute a double principal 'payment, enter an asterisk, '*', in the $first position of the field with the (rest of the field blank. Use the F5 key%to blank the remaining portion of the "field after entering the asterisk. LOAN YEAR SELECTION (Enter the calendar year you wish to have#displayed. The valid selection are $shown in the window for you to chose $from. Think of the years as the 1st %year of the loan, the 2nd year of the (loan, etc. Year 1 is the only year that&may not begin with the January payment (as the 1st year will begin with the date(you entered in the first payment fields.TYPE OF REPORTS %Enter one of the selections displayed (on the screen. The generic versions can'be printed on any printer in it default #start-up configuration. The narrow %report is for 8 1/2 X 11 " paper. The (wide report is not. The Special version'will fit on 8 1/2 X 11 " paper. If you %can preset your printer for condensed print, try this one out! NUMBER OF COPIES "Enter the number of copies of this "report that you want printed. The #minimum number is 1 and the maximum &number of copies is 9. If more than 9 #copies are needed, select the print &option again and enter up to another 9 'copies. Continue until you have enough reports. REPORT TITLE &The amortization schedules print out a (nice cover sheet about the loan. If you(wish to add your own information on this&cover sheet, enter that information in 'this field. The report title can be 40 #characters in length. Some typical 'titles are peoples names, an address, a (description of the item. ALL reports use#this title so make it work for you. "PRINTER SETTINGS FOR REPORT TITLES (The report title should be set to double(wide and emphasized for the special con-(densed version of each report. Enter the&control characters for the double wide (mode in the 1st set of input fields. The(2nd MUST be set to return the printer to'a normal width setting. If this is not 'done correctly, the reports will not be %readable. The default is for Epsons. #PRINTER SETTINGS FOR CONDENSED MODEs. %The special condensed version of each 'report requires your printer's settings &for condensed mode. Enter the control (characters for condensed mode in the 1st(set of input fields. The 2nd set MUST be(set to cancel the condensed mode so that(the normal width is returned. If this is(not done correctly, the reports will not(be readable. The default is for Epsons.ADDITIONAL PAYMENT FILENAMEs for Epsons.(Additional payments are stored in a file(so you won't have to rekey the info each'time you want to add another payment to (your loan. The general information about'your loan is entered just ONCE so enter (it carefully. The filename entered will(be given the extension .PMT. DOS allows(8 characters for the filename so be make it as meaningful as you can. ADDITIONAL PAYMENT AMOUNTSn. (Select the desired payment you want some(additional amount applied to the balance'of your loan. The highlighted entry is 'is the one that can be changed. Select (the appropriate entry by using the arrow'up and down for moving one payment at a 'time. The PgUp and PgDn keys will move (you to the beginning of years. When all(items are entered press F10 to continue.NUMBER OF PAYMENTSpress F10 to continue.%Enter the number of payments that you &have already made. The minimum number 'of payments ia 1 and the maximum number 'is 2600. No decimals are allowed. The &number of payments will be redisplayed !after you move to the next field. PRINCIPAL & INTEREST PAYMENT (Enter the Principal and Interest payment'for this loan. This field is required, $so be as acurate as you can be. The &minimum amount is 0.01 and the maximum $amount is 99,999,999.99. If a whole $dollar amount is entered, no decimal &point is required. The amount will be &redisplayed after you move to the next field. LOAN INCREMENTAL AMOUNT &Enter the amount you wish added to the (loan amount for comparison purposes. If&you are not sure of the P&I amount you %can afford, enter a large incremental &amount to get a handle on the charges. (Change to a smaller amount when you have'narrowed the range. The minimun amount (is 0.01 and the maximum is 1,000,000.00. RATE INCREMENTAL AMOUNT 'Enter the incremental amount to be used &in comparing different interest rates. 'If the rates are making rapid movement, &select a large incremental amount. If 'the rates are fairly stable, then small &amounts of change are better. A small &amount should also be used when making &your final choice. The minimum amount %is 0.001% and the maximum is 10.000%. PRINTER OR SCREEN maximum is 10.000%. 'To display your results on the screen, &enter an S. If the amounts are small, &an additional column will be added so %more informaiton is available on the 'screen. To print your results, enter a &P. The print window will be displayed (allowing you to select from 3 variations'of the report. Additional columns will $be printed if the amounts are small. DECREMENTAL LENGTHamounts are small. 'Enter the number of years and/or months (the length of time of the loan should be(reduced. The minimum decremental amount%is 1 month. The maximum amount is 10 &years. If the new length of the loan 'and the number of payments per year are %such that they do not match, one more "payment will be added to the total number of payments.
