Contents of the AMORT.TXT file
Amortization Station 1.0 David Stafford
Copyright 1991 David Stafford
All rights reserved
What you need
All you need to in order to use Amortization Station is Windows 3.0
(or later) and the Visual Basic run-time DLL (VBRUN100.DLL). Unzip
VBRUN1.ZIP on the Premium disk, and copy the resulting file into
your \WINDOWS\SYSTEM directory.
Next, unzip the files in AMORT.ZIP and place them in your Windows
Accessory directory. With the Program Manager group active where
you want Amortization Station to be located, select File then New.
Fill in the boxes and enter the path (for example,
C:\WINDOWS\ACCESS\) followed by AMORT.EXE. You can use the BROWSE
button to find the file. The Amort icon will appear in the active
What it is and how to use it
Amortization Station does two things:
1. Solves for an unknown quantity in an amortization
2. Generates amortization schedules
Amortization Station is capable of calculating any one of these
four variables for a loan if the other three are given:
For example- if you want to know what the payment should be for
a $65,000 loan at 10.5% for 20 years just enter these values.
Interest rate: 10.5
Term (months): 240
Leave the payment field blank and press the "Calculate" button.
Amortization Station will fill in the payment field with the value
648.95. Now, suppose you want to see what happens when the term is
stretched out to 30 years. All you have to do is clear the payment
field, change the term to 360 and hit the "Calculate" button again.
The answer, 594.58, is put in the payment field.
The same procedure works for any other variable.
When you are ready to generate a schedule just hit the "Calculate"
button. If all the fields are present Amortization Station will
generate a schedule as a simple text file and load it into NotePad.
(This may take several seconds depending the speed of your computer
and the length of the amortization.) From NotePad you can view the
schedule, edit it or print it as you like. The schedule is stored
in a file called SCHEDULE.TXT.
For your convenience Amortization Scheduler saves your current figures
in WIN.INI so you don't have to reenter them every time you create a
Caveats and further info
Drop me a note with your comments via email: 72241,2670 on ZiffNet
and CompuServe, or DSTAFFORD on MCI Mail.
This program comes with no warranty. I, David Stafford, do not assume
any liability for its use. No guarantee is made nor should be implied
regarding the use or fitness of this software for any purpose.
This program suits my needs well but there is room for significant
improvement. Some items which might appear in future versions:
There aren't any output options. It would be nice if you could
at least specify a page size and have pages separated by form-feeds
The formatting could be improved in several places and the
user-interface could be spiffed-up a bit.
Calculate for periods other than just month-to-month.
Add support for balloon payments.
Speed report generation.
Make the editor which displays the schedule configurable. If you
are generating a schedule which is longer than 30 years it may be
too large to load into NotePad.
Make the schedule file name configurable.
Do you know what should be done with the fractional cents? I don't
so I simply discard them. If the calculations should be rounded to
the nearest cent rather than truncated it can make a (very small)
difference on long-term notes. (A $50,000 loan for 20 years might
have a difference of a few dollars on the final payment.) I'm not
losing any sleep over it but if there is a standard practice I would
like to hear it.