Category : Databases and related files
Archive : LOANPAK.ZIP
Filename : LOANPAK.DOC
Output of file : LOANPAK.DOC contained in archive : LOANPAK.ZIP
DESCRIPTION:
LoanPak is a collection of six of the most-needed
standard loan calculations.
OPERATING INSTRUCTIONS:
Data may be entered in any one of the three following
formats:
10000 - no commas
10,000 - with commas
10k or 10K - traditional shorthand notation
Note: Do not enter a "$" or "%" in your data. Also enter
all interest rates as percentages, not as decimals (eg. 9.5
not .095).
At the Main Menu, you will see a list of options. Use
the up or down cursor arrow key to make your selection and
press
At the bottom of the screen are four command options.
These may be selected by using the left/right cursor arrow
keys and pressing
MAIN - Go to Main Menu.
PRINT - Print out the calculation.
INFO - Bring up a short additional HELP screen.
EXIT - Exit LoanPak to DOS.
Calculation Options:
1. Loan Analysis, Missing Factors - This option will
calculate the missing variable from the known information.
You will be prompted for principle, monthly payment, total
number of payments, and interest rate.
To indicate which variable you wish to have calculated
(eg. monthly payment), just press
data for that variable.
2. Regular Loan Payments - Calculates the amount of a regular
loan payment based on the life of the loan, the payment
schedule, and the amount of the principal.
3. Calculate Last Loan Payment - This option will determine
the amount of the final loan payment from the life of the
loan, number of payments per year, interest rate, and the
amount of the principal.
4. Remaining Loan Balance - Calculates the amount of the
outstanding loan balance from the total number of payments,
interest rate, the payment amount, the amount of the
principal, and the number of payments made to date.
5. Calculate Loan Term - Calculate the life of a loan from
the amount of the principal, number of payments, payment
amount, and interest rate.
6. Mortgage Amortization - This option will calculate the
amortized payment on a mortgage, the total interest paid, and
if desired, display a table of payments. This option
requires the amount of the mortgage, the interest rate, and
the term of the mortgage.
To see the table of payments, answer Y when prompted.
Then select "1" if you want to see the schedule on the screen
or "2" if you wish a printout.
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