JCSM Shareware Collection 1996 September

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BANKONIT VERSION 4.21 A Mortgage and Interest Calculation Program NOTE: While every effort has been made to insure accurate calculations by this program, you should not rely on this program alone to make any single financial decision. Seek appropriate advice before making any such decision. ------------------------------------------------------------------------------ THIS IS THE HELP FILE!! DIRECTIONS ON HOW TO START ARE FOUND ONE SCREEN BELOW. TO RETURN TO THE BANKONIT PROGRAM FROM THIS HELP FILE - JUST TOUCH THE LETTER Q ------------------------------------------------------------------------------ Also from the author: VOCABUCOMP - A flashcard-like vocabulary review program, especially good for at-home review. ($19.95) Registration permits unlimited duplication for your own students' use. ATTENDANCE MONITOR - Monitors attendance with full report features. Imports GRADE PLUS files. Quick entry of data. ($19.95) JUST TO QUOTE - Provides a quote-for-the day when you start up the computer. Positive, thoughtful quotes. ($19.95) GRADE PLUS - Full featured grading program. Points, percents, letter grades. Many reports. ($29.95) BANKONIT - Easy to use. Mortgages, routine compounding of interest. Good with prepayments to mortgages - shows how well they work, stores your mortgage payment records, with prepayments. ($19.95) UNREGISTERED VERSIONS/EACH: $4.95 REGISTERED VERSIONS: AS PRICED INCLUDE CORRECT DISK SIZES WITH REQUEST TO: William E. Peace P.O. Box 627 South Dennis MA 02660-0627 ------------------------------------------------------------------------------ CONTENTS ----> A. QUICK START 1. PROGRAM REQUIREMENTS 2. INSTALLATION & STARTUP 3. FILES ON DISK 4. USE OF PROGRAM - COMMANDS 5. INSTALLATION TO WINDOWS 6. COPYRIGHT ----> B. DETAILED INFORMATION 7-30. INDEX AT BEGINNING OF SECTION ------------------------------------------------------------------------------ 1 BANKONIT -- PROGRAM REQUIREMENTS SYSTEM REQUIREMENTS: DOS 2.1 or higher, 384K. A hard drive, color monitor, and a printer are optional. ---------------------------------------------------------------------------- 2 -----> INSTALLATION/STARTUP FOLLOW THESE INSTRUCTIONS TO RUN THE PROGRAM FROM THE DISK 1. Copy the COMMAND.COM file from your DOS disk to the program disk. 2. Type in the letter drive letter --- example: A: <enter> 3. To run the program: BANKONIT <enter> To run in monochrome: BANKONIT m <enter> -----> HARD DRIVE INSTALLATION A hard drive is optional but provides quicker functioning of this program. To install the program on the hard drive, insert the program disk in drive A and type INSTALL <return> Follow the instructions that you will see. -----> STARTUP 1. To learn to use BANKONIT, first install to the hard drive using the command INSTALL <enter> 2. The program will start automatically once installation is complete. To run at other times, type C: CD BANK BANKONIT (BANKONIT m for monochrome) 3. From the menu, you should pick HELP. You will see this manual. You can also run this manual help by typing C: CD BANK READNOW (READNOW m for monochrome) 4. You may also choose to print this manual once you access either HELP or READNOW. ---------------------------------------------------------------------- 3 FILES ON THE DISK A complete list of all files on the disk is contained in the file named FILES found on the program disk. You can look at it with a word processor or the DOS TYPE command. SETTING UP DISKS PREPARATION OF PROGRAM DISK: The program disk is ready to use. NEVER DELETE, ALTER, OR RENAME ANY FILES ON THE DISK OR YOUR PROGRAM MAY MALFUNCTION. DO NOT PLACE A WRITE PROTECT TAB ON THE PROGRAM DISK!! Simply follow the commands on the disk label. NOTE: IF YOU SEE THE "INSERT DISK WITH COMMAND.COM" MESSAGE, you should insert your DOS disk. Your computer is just looking for the DOS disk at that time. You can save having to see that message by copying your DOS COMMAND.COM file to the program disk. ------------------------------------------------------------------------ 4 USE OF PROGRAM -----> MENU COMMANDS NO MOUSE??? USE THE ALT KEY TO ACCESS MENUS! To choose a particular menu command, you may use the mouse or you may use the ALT key together with the letter that becomes highlighted when you press the ALT key. You may also use the arrow keys to move through the menu lines, up/down/left/right keys all work once you are in the menu line (with the ALT key). MORTGAGE CALCULATIONS <----- Calculate Mortgage Payment Use this section to find the monthly payment required to pay a particular principal off in a particular time at a particular interest rate. Calculate Mortgage Principal Use this section to find the total principal that you can borrow for a particular monthly payment and interest rate. Calculate Mortgage Period Use this section to find the time required to amortize a mortgage given a particular monthly payment, interest rate, and principal balance to start. Diplay Full Amortization Schedule Shows on the screen a full schedule for amortization of a mortgage, monthly payments of interest and principal as well as balance before and after payment. Print Full Amortization Schedule Prints to the printer a full amortization schedule. Exit Use this section to exit from the program completely. MORTGAGE RECORDS <----- Get Mortgage Payment Record Once a record has been saved to the disk, use this section to look at a full record of all payments made on a particular mortgage, or to record additional payments. Print Mortgage Payment Record Use this section to print a full record of all payments made to a particular mortgage. Create Mortgage Payment Record Use this section to enter the initial principal, interest rate, and frequency of payment for a mortgage. Then you can access the record (usually each month) to keep an accurate, up-to-date record of mortgage payments, including prepayments. INTEREST CALCULATIONS <----- Calculate Future Value Use this section to find what the value of an investment at a certain percent will be at a given time in the future. Calculate Period Use this section to find out how long it will take for an investment at a certain percent to grow to a particular value. Calculate Interest Rate Use this section to find out what interest rate would be required to make an investment grow to a particular value in a certain amount of time. Calculate Present Value Use this section to find out what amount you need to invest at a given rate for a given time in order for it to grow to a particular size. Compare Compounding Use this section to show how daily, quarterly, monthly compounding (and others) compare to one another and influence your overall gain on an investment. HELP <----- Help Use this section to see this manual on the screen. A menu allows for search and for printing. REGISTER <----- Registration Use this command to print an order/registration form that can be used to register and obtain a registered copy of the program. EXIT <----- Exit Use this section to leave the program. ----------------------------------------------------------------------------- 5 INSTALLATION TO WINDOWS 3.1 NOTE: How to print this MANUAL is found above. Follow these steps to install BANKONIT to WINDOWS 3.1. This procedure will enable you to run BANKONIT from WINDOWS. 1. First get to DOS. Place program disk in drive A and type INSTALL <enter> to install the program to your hard drive FIRST. 2. Start WINDOWS and click once on the APPLICATIONS title line or on the window of your choice. 3. Click once on the word FILE in the top left of the screen. 4. Click once on the word NEW. 5. Click once on the bullet to the left of "PROGRAM ITEM" and then click on OK. 6. In the DESCRIPTION LINE, type BANK ON IT 7. Tab to the next line and type BANKONIT.EXE 8. Tab to the next line and type C:\BANK 9. Click on CHANGE ICON and then click on OK on the reminder that there is no icon. 10. If the filename is not c:\windows\progman.exe then type c:\windows\progman.exe 11. Then click on the right hand arrow below the icon pictures. Use the arrows to pick an icon that you like for this purpose. Then click on OK. 12. When returned to the properties list, click OK. 13. You are all set and ready to go. BANKONIT is Windows compatible, but does not use the Windows interface internally. ---------------------------------------------------------------------------- 6 COPYRIGHT Contents of Manual and Programs Copyright 1995 by William E. Peace. Duplication for fee, in whole or in part, by any means, is forbidden without express written consent of the author and the publisher. PLEASE BE FAIR AND CONSIDER THE AUTHOR. Please -- the author worked long and hard writing and having this program field tested. He is an everyday person like yourself, and is asking for you to be fair. Your registration will be truly appreciated. Please -- it is a violation of copyright law to use this program without registering. And even more-- it's just not fair to the author. Think about how much benefit YOU get from this program! Registered users will receive the most recent program version automatically sent. PLEASE USE THE ORDER/REGISTRATION FORM TO PROPERLY REGISTER OR TO OBTAIN UPDATED VERSIONS. International Registrants: Please use US funds and please add $2 US additional for international postage. Thank you from the author, WILLIAM E. PEACE P.O. BOX 627 SOUTH DENNIS, MA 02660 Your comments and suggestions are more than welcome. MS-DOS IS A TRADEMARK OF MICROSOFT CORPORATION PORTIONS OF THE COMPILED PROGRAMS ARE FROM COMPILERS COPYRIGHTED BY THE MICROSOFT CORPORATION. 00OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO -----> B. DETAILED INFORMATION 7. WHY I WROTE THIS SOFTWARE 8. ABOUT PREPAYING MORTGAGES 9. CALCULATE MORTGAGE PAYMENTS 10. CALCULATE PRINCIPAL 11. CALCULATE MORTGAGE PERIOD 12. DISPLAY FULL AMORTIZATION SCHEDULE 13. PRINT FULL AMORTIZATION SCHEDULE 14. STORE/REVIEW MORTGAGE PAYMENT RECORDS 15. PRINT STORED PAYMENT RECORDS 16. CALCULATE SIMPLE OR COMPOUND INTEREST 17. ADJUSTABLE RATE LOANS 18. ERROR MESSAGES 19. FROM THE AUTHOR ------------------------------------------------------------------------------ 7 WHY I WROTE THIS SOFTWARE A MESSAGE FROM THE AUTHOR For years, I have been calculating interest and trying to keep ahead of the banks. Banks do make occasional mistakes. Unfortunately, most people would never notice them. The problem for most folks is that they have no way of "checking up" on the banks-- compound interest is not so easy with a hand calculator; even with a computer, interest calculations can be confusing. Many of the programs that I have seen that do interest calculations are difficult to use. That is why I wrote this program -- to do better, especially with regard to bank deposits, standard mortgages and most especially, PREPAYMENTS TO MORTGAGES. What makes this program DIFFERENT FROM OTHER MORTGAGE programs is its clarity and ease of handling PREPAYMENTS TO MORTGAGES. The idea is to SAVE YOU SOME MONEY!! I routinely use this program to monitor interest payments that banks make to me or that I have to make myself to them. I have found dozens of interest rate "calculation errors" during the time in which I have used this program, many of which were caused by incorrect keying of compounding information at the bank. Without a program like this, I could not have detected the differences. AND: I HAVE BEEN PAID THE DIFFERENCE. Using the information in this program, I have saved myself thousands of dollars in interest costs on a fairly small mortgage on my own home. For several years, I have wished that I had a way to let more people know about the method that I used and the mathematics behind it, but it is hard for people to see how compounding can work wonderfully IN THEIR FAVOR unless they see the actual numbers that pertain to their own circumstances. It is for this reason that I have released this program to the SHAREWARE networks across the United States. This program IS COPYRIGHTED. Only the outlet from which you purchased a copy of the program is authorized to duplicate it. This is to prevent inaccurate copies from being distributed. If you USE this program, please be honest. I am trying to help YOU by releasing this program, and I am also trying to make some money to save for my children's education -- honest! If you use this program to calculate some of your own mortgages or loans or accounts, please remember that the program is so easy to use and so useful because of the long time put into it by the author -- me. Don't I deserve something in return for that effort? I am asking only $20 if you USE the program-- a lot less than you could save with this program -- but whatever you see fit would be appreciated. There is an invoice on the disk, but you can use any form -- let me hear from you if YOU think you'll be saving some money, too. ------------------------------------------------------------------------------ 8 ABOUT PREPAYING MORTGAGES Prepayment is paying EXTRA on the PRINCIPAL. Some mortgages have penalties for prepayment. If that is your case, you probably cannot benefit from this technique. Most mortgages, however, have no prepayment penalties. The concept of PREPAYMENT has been favorably discussed in national money-oriented magazines during the last several years. When loan rates are very low, prepaying does not make a lot of sense, but when loan rates are higher than you can get investing elsewhere, then PREPAYING MAY BE YOUR BEST INVESTMENT. Why would you want to pay EXTRA? Print out one of the amortization schedules. Notice that the INTEREST to the bank starts off HIGH and stays HIGH for MOST of the mortgage. It is not until the end that the INTEREST payments drop off quickly. That's why banks write mortgages! The math is in their favor! Notice that the payments to principal start out VERY LOW and stay VERY LOW for MOST of the mortgage. It is not until the end that the PAYMENTS TO PRINCIPAL start to rise quickly. Its the PAYMENT TO PRINCIPAL that builds YOUR EQUITY. Mortgages are DESIGNED to keep this value LOW as long as possible, so that the LENDER MAKES MORE MONEY. Now, what would happen if you PAID EXTRA TO THE PRINCIPAL for just one month? Let's say you PREPAY AN EXTRA $100 TO THE PRINCIPAL. What effect will that have? Your interest payment the VERY NEXT MONTH WILL BE LOWER. And the interest you pay EVERY SINGLE MONTH FOR THE REST OF THE MORTGAGE will be lower also. The other side of the coin is this: THE AMOUNT THAT GOES TO YOUR PRINCIPAL WILL ALSO BE CHANGED. Every single month, for the rest of the mortgage, MORE MONEY WILL GO TO YOUR OWN EQUITY. What's more is this: as time goes on the amounts INCREASE MONTHLY IN YOUR FAVOR. What would be the result of prepaying more than one time? If you were to prepay the mortgage every single month, for example, the interest that you pay to the bank would continue to drop every month MUCH MUCH FASTER THAN IT OTHERWISE WOULD HAVE. The money that would otherwise go to the bank WILL GO TO YOUR PRINCIPAL-- TO YOU. The earlier in the mortgage you begin prepaying, the more money you will save. It is ABSOLUTELY AMAZING how much difference this can make. You can save hundreds of thousands of dollars of interest by investing only a few thousand dollars a year extra into prepayments of your mortgage. Unless you see the numbers, you won't believe it, and even if you do see the numbers, you still might not believe it. I have explained this method to bank officers who were amazed at the actual figures when they saw them. So-- here's the program! Try it! PLAY WITH IT AND LEARN! For example, try SECTION D to test out prepayments to your mortgage. Try a mortgage of $100,000 at 10% with no prepayment. Then try one with everything the same except for a monthly prepayment of $100, $200, or more. You'll be shocked at the difference that it makes. Notice that the loan takes a much shorter time to pay, and that the total amount of interest paid to the bank is much, much less if you prepay on a frequent basis. Some people figure that they would be better off with a shorter mortgage. (example: 15 years instead of 30) Sure, you will pay less total interest, but your REQUIRED PAYMENT will be higher. If you get the longer mortgage (WITH NO PREPAYMENT PENALTIES) and VOLUNTARILY MAKE A HIGHER PAYMENT, you will still save, but not be committed to the higher amount should something go wrong, sickness for example. The twice monthly payments that some "PROGRESSIVE" banks are marketing are just a way to cause you to prepay by making one extra payment each year. Of course, this works well to reduce your total interest payments. However, you may be locked into this type of prepayment, whereas a voluntary prepayment system can be terminated at any time. Additionally, a voluntary system can put much more into the principal earlier than the biweekly system can do. The BANKONIT program will calculate amortizations of biweekly payments. Some cautions: If you can risklessly invest the money somewhere else and earn a higher rate than your mortgage rate, then prepaying would not be sensible. But first, is that investment GUARANTEED to yield such results? Prepaying the mortgage is a RISKLESS investment. (Unless, of course, your property value DECLINES.) You can always borrow the money again. Second, if you can get someone else's money (tenants, for example) to pay the mortgage, then you may do better in the long run by having less of your own equity in the mortgage. This is the traditional argument for high leverage realty investing. Third, prepayment will of course lower your tax deduction due to mortgage interest. However, the amount that you save will far outweigh the amount lost to increased taxes. Think about it: would you rather give the bank $10 and the government nothing or give the government $3 and keep $7 yourself? Keep the $7! All that matters is how much money YOU KEEP! not where the rest goes. That's all that the "interest deduction" is all about. Don't get taken by that old argument. Finally, PREPAYING requires self discipline, because it is voluntary. IF you have little self discipline, then a shorter mortgage or a twice monthtly payment schedule might be better for you. ------------------------------------------------------------------------------ 9 CALCULATE MORTGAGE PAYMENT This section will find your monthly payment for your mortgage. It will ask you to input the interest rate in percent, the principal (amount) of the loan, and the length of the loan in years. The section will then calculate the payment that would be required to amortize the loan that you had described. To calculate the payments for a biweekly mortgage, use the monthly figure and divide that by two. That would be your biweekly payment. example: enter an INTEREST RATE of 10 a PRINCIPAL of 80000 and a LENGTH OF LOAN of 30 result: 360 monthly payments of $702.06 example: enter an INTEREST RATE of 12 a PRINCIPAL of 80000 and a LENGTH OF LOAN of 30 result: 360 monthly payments of $822.89 BIWEEKLY MORTGAGE WOULD BE: 822.89/2 or 411.45 ------------------------------------------------------------------------------ 10 CALCULATE PRINCIPAL This section will find the principal that you can afford, given the interest rate in percent, the monthly payment that you can make and the length of the loan that you will have in years. example: enter an INTERST RATE of 10 a MONTHLY PAYMENT of 750 and a LENGTH OF LOAN of 30 result: PRINCIPAL WOULD BE: $85463 example: enter an INTEREST RATE of 12 a MONTHLY PAYMENT of 750 and a LENGTH OF LOAN of 30 result: PRINCIPAL WOULD BE: $72914 ------------------------------------------------------------------------------ 11 CALCULATE MORTGAGE PERIOD This section will calculate the length of time to amortize a mortgage. It asks you for the interest rate and the principal as well as the monthly payment. example: enter an INTEREST RATE of 12 a PRINCIPAL of 80000 and a monthly payment of $822.89 result: PERIOD IN MONTHS WOULD BE: 360 example: enter an INTEREST RATE of 12 a PRINCIPAL of 80000 and a monthly payment of 600 result: CALCULATION INDICATES INFINITELY LONG PAY PERIOD INCREASE PAYMENT. (in other words, you won't get an $80000 mortgage at 12% and be able to pay only $600) ------------------------------------------------------------------------------ 12 DISPLAY FULL AMORTIZATION SCHEDULE This section displays on the screen a standard amortization schedule for a loan, with amount being applied to interest and to the principal being shown for each payment, and the principal balance that still remains. Also shown is a SPECIAL FEATURE, prepayments to principal. As the schedule will be printed with dates, enter the year (TWO DIGITS) and the month (CAPITALS). Biweekly schedules do not have date markers. The monthly prepayment to principal would normally be ZERO. However, if you prepay the mortgage monthly, the total interest that you pay will be drastically reduced. TRY IT. (SEE THE INFORMATION ABOUT LOAN PREPAYMENTS FOUND IN SECTION 8 ABOVE.) For example, try a schedule with 0 for prepayment and then see what a difference it would make to prepay just $50 extra each month. Look at the TOTAL interest paid, and the length of time it takes to AMORTIZE or pay off the loan. The principal, interest rate, and monthly payment are also requested. If you don't know the monthly payment, then the program will calculate it for you if you tell it the length of the loan (period) in months. (A 30 year mortgage is 360 months; a 25 year is 300 months; 20 year is 240 months; a 15 year is 180 months.) The amortization chart is quite informative and easy to read. Stop at any time by touching the E key. If you choose biweekly payments, the monthly payment is divided by two for you to obtain the biweekly payment. Since 26 payments are made each year, the loan amortizes at a faster pace than with monthly payments alone. Prepayments are also divided by two. ------------------------------------------------------------------------------ 13 PRINT FULL AMORTIZATION SCHEDULE This section functions identically to the previous section, except that the schedule is printed to the printer. ------------------------------------------------------------------------------ 14 STORE/REVIEW MORTGAGE PAYMENT RECORDS The purpose of this section is to keep a permanent record of your own mortgage payments. With it, you can know just how your own mortgage is progressing-- how much you still owe and how long you still have to pay. If you decide to prepay the mortgage, this section can handle all the details. The section will ask you if you want to CREATE a storage file or GET a file that you have already created. You can store the file on any formatted disk. Give it any name (DOS acceptable filename, that is) that you wish. You can make other files on the same disk; just use different names. Use disk drive A B or C , whichever you choose. You can store an entire mortgage payment record but only view the part you want to; that is why the program asks what years you want to view. To make this part function properly, be certain to enter all dates as the screen indicates. The record itself appears much like the amortization schedule from the previous sections. This is to help you in comparing your own mortgage with other possibilities. Remember to SAVE your mortgage record to the disk after you have finished entering payments to the record. It is not automatically saved. ------------------------------------------------------------------------------ 15 PRINT STORED PAYMENT RECORD This section prints to the printer the payment record stored in the previous section. ------------------------------------------------------------------------------ 16 CALCULATE SIMPLE OR COMPOUND INTEREST This section is designed to calculate compound interest payments, on certificates of deposit or savings accounts, for example. The future value is the standard term used to describe the value of an investment at some time in the future. The present value is the value currently. For example, if you invest $100 in a 5% simple interest savings account, the future value 1 year from now would be $105. Notice that compounding techniques make a big difference in rate of return. Daily compounding is best, but is difficult to obtain these days. You may need to really investigate to find out what divisor your bank uses; many employees of the bank may not know. In this section, D stands for daily, Q for quarterly, M for monthly, S for semi-annually, A for annually, and N for no compounding. example: FIND THE FUTURE VALUE (a on interest menu) enter INTEREST RATE of 12 enter Q for quarterly compounding enter BEGINNING BALANCE of 45 enter NUMBER OF QUARTERS 5 result: BALANCE AT END OF 5 QUARTERS: 52.17 example: FIND THE PERIOD (b on interest menu) enter INTEREST RATE of 12 enter Q for quarterly compounding enter BEGINNING BALANCE of 45 enter ENDING BALANCE of 52.17 result: BALANCE AT END OF 5.001 QUARTERS: 52.17 example: FIND THE INTEREST RATE (c on interest menu) enter Q for quarterly compounding enter BEGINNING BALANCE of 45 enter ENDING BALANCE of 52.17 enter NUMBER OF QUARTERS 5 result: INTEREST RATE : 12.004 example: FIND THE BEGINNING BALANCE (d on interest menu) enter INTEREST RATE of 12 enter Q for quarterly compounding enter ENDING BALANCE of 52.17 enter NUMBER OF QUARTERS 5 result: BEGINNING BALANCE: 45.00 example: COMPARE INTEREST RATES (e on interest menu) enter INTEREST RATE of 12 result: the effect of different compounding is shown; for example, daily compounding with a divisor of 360 would yield 12.935%, whereas semi-annual compounding would yield only 12.360% NOTE: Discrepancies in values are due to rounding of cents values. The actual ending balance would be between two dollar and cent values. ------------------------------------------------------------------------------ 17 ADJUSTABLE RATE LOANS ADJUSTABLE RATE LOANS: To calculate the new loan payments when your rate is adjusted, you will need to know three pieces of information: a. the new rate (the bank will tell you this) b. the principal balance that remains on the loan c. the REMAINING term of the loan For example. if you have a 25 year ARM with a 50000 principal and interest rate of 14%, your monthly payment would be $601.89. Now, if the rate were to change to 13% AFTER FIVE YEARS OF PAYMENTS, then you would have: a. new rate: 13% b. principal balance remaining: 48400.50 c. remaining term: 20 years If you now run section a, d, or e of the program to see the monthly payments or amortization schedule, you would have new payments of 567.05. To use the mortgage record storage section of the program for an adjustable rate loan, you must make a new file each time the loan rate is adjusted. IN SUMMARY, to calculate any information about a loan with an adjusted rate, you treat the loan as a NEW loan with a new rate. The term is the REMAINING term of the old loan, and the principal is the REMAINNG principal of the old loan. ------------------------------------------------------------------------------ 18 ERROR MESSAGES If an error message occurs while you run the program, check first to see that you have the correct DISK in the computer, that the PROGRAM disk has not been altered in any way, that there is NO WRITE PROTECT TAB on the program disk, and that if you are getting a file, that you are using the filename that is ON THE DISK. 4 OUT OF DATA -- Your data file may have been damaged. 7 OUT OF MEMORY -- You need additional memory in your computer. 24 DEVICE TIMEOUT - Check printer: online ? all cables connected? 25 DEVICE FAULT -- Some input/output device was not ready. 27 OUT OF PAPER -- Check paper in your printer; check if it's ON. 53 FILE NOT FOUND - Insert disk with this file; check the filename. 57 DEVICE I/O ERR - Check all inputs/outputs. Formatted disk in ? 61 DISK FULL -- Use another formatted disk. 62 INPUT PAST END - Your data file may have been damaged. 64 BAD FILENAME -- Use correct length and characters in filenames. 67 DIRECTORY FULL - 255 files maximum in a directory. 68 DEVICE UNAVAILABLE - Some device is not on line. 70 DISK WRITE PROTECTED - Do not use write protected disks. 71 DISK NOT READY - Put the disk in the drive and shut drive door. 72 DISK MEDIA ERROR - Use another disk; defect on this disk or drive. 75 PATH ERROR -- Do not use pathnames with GRADE PLUS. 76 (see 75) This is to prevent you from misplacing files. For information on other errors, consult any DOS manual or contact the the author. ------------------------------------------------------------------------------ 19 Please -- the author worked long and hard writing and having this program field tested. He is a real person with a family and is asking for you to be fair. Your registration will be truly appreciated. PLEASE USE the order/registration form to register and to obtain updated versions. Thank you from the author, WILLIAM E. PEACE P.O. BOX 627 SOUTH DENNIS, MA 02660 Your comments and suggestions are more than welcome. ----------------------------------------------------------------------------- 20 ABOUT THE ~ FILES The ~ files are used to contain information necessary to the functioning of the programs. NEVER COPY, ALTER, or REMOVE THESE FILES FROM ANY DISK or the program may not function AT ALL! and your data may be harmed.