Contents of the SCHEDULE.DOC file
SCHEDULE Amortization System
SCHEDULE is a Freeware program, capable of doing on-line payment
calculations, and dated Amortization Schedules. It is distributed free
of charge, and no warranties or claims are made as to its suitability
for specific uses or accuracy. The program is in use, however, by
numerous CPA's and real estate agencies, with excellent results.
(Note: SCHEDULE creates a work file on disk, enabling the program
to run with as little as 64k RAM available. For a 30-year loan amor-
tization, the disk space used is approximately 24k. The work file is
always created on the same drive as the program is located.)
- Operation ---
SCHEDULE is run by typing: SCHEDULE at the DOS prompt. The
first option you will be given is to change the company name on the
amortization schedules. If you hit the space bar on your keyboard,
a screen will appear to allow you to enter a new company name. Please
pay attention to the note - if the company name includes commas or
periods (such as: , Inc.), you must enclose your entry in quotation
marks. This is a requirement of the BASIC version used for the pro-
gram - the quotes will not show up on your actual schedule. If you
answer "Y" to the question, you will be returned to the schedule
The "Prepared For" and "Property" fields are not necessary for
schedule creation. If you simply hit Return (Enter) at the "Principal"
field, however, the program will ask if you are finished. If you
answer "Y", you will be returned to the DOS prompt.
Please note that all numeric entries (Principal Amount, Interest
Rate, Payment, etc.) are formatted by the program, therefore commas
are not required. The only punctuation required is the decimal point,
as in the interest rate, or for specifying a Cents amount. In other
words, 153.00 doesn't require the decimal or zeros - 153.55 DOES
require a decimal.
SCHEDULE - Page 2
Note also that negative entries are NOT allowed in the Principal,
Interest Rate, or Payment Amount fields.
The entry for "Payments Per Year" must be either 12, 26, or 52
if you wish to date payments. The "Total No. of Payments" is the
ACTUAL number of payments for the loan (example: 30 years would be
360 payments), and can be from 2 to 999, or you may simply hit return
if you want the program to amortize the loan out to a zero balance.
Entering 1 at this field puts you into the "On-Line Payment
Inquiry" mode. You can then enter the total number of payments for
the loan, and the Payment Amount will be calculated and displayed.
You can print the inquiry if you wish, and do another.
You may enter a Payment Amount, or hit return (enter), and the
program will calculate the payment for you. You cannot, however, have
BOTH the "Total No. of Payments" AND the "Payment Amount" calculated -
one or the other must be specified.
If you answer "Y" to the "Date Payments?" question, you will be
asked for the date of the first payment. Do not enter slashes, the
date will be formatted when you hit return.
You then have the option to change any field. If you simply hit
return (enter), calculation of the schedule will begin. The time
required varies with the length of the loan period. When calculation
is complete, you will be asked if you want a Full Period Schedule or
a Selected Period Schedule. If you select 2, you will be asked for
the beginning and ending payments you wish to print.
Schedules are printed on normal 80-column tractor-fed paper.
If you encounter problems with the program, or have comments, please
feel free to drop me a line:
Ted W. James
Custom Programming & Consultation
P. O. Box 703
Valparaiso, FL 32580