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LOANùCALCULATOR! PLUS


OWNER'S MANUAL








VERSION 1.0











Pine Grove Software



23 Flower Hill Drive, Suite 1600
Trenton, NJ 08638-1203


(609) 730-1430

(800) 242-9192



E-mail: via CompuServe at 72366,306 or via Internet at
[email protected]







LoanùCalculator! Plus 1.0 User Manual 1

Copyright, 1995 Pine Grove Software, All Rights Reserved.

LoanùCalculator! Plus is copyrighted software and as such is
protected by the laws of the United States. You may distribute a
shareware version of this software to others but you may not sell
it. It you are a distributor of shareware software, you may
charge up to $5 for your disk duplication services. This product
may NOT be distributed along with any other product that is being
sold for profit without the expressed, prior written permission
of Pine Grove Software.

SOFTWARE LICENSE AGREEMENT

Do not confuse this copyright notice with the user-supported
method of distribution. If you use this program, you are honor
bound to pay the licensing fee. The method we choose to use to
distribute version 1.00 of this software is simply on a
"try-before-you-buy" basis. LoanùCalculator! Plus is NOT FREE
SOFTWARE. And if you paid a fee to anyone other than Pine Grove
Software (or an authorized retail distributor), you did not pay
for a license.

The registered user of LoanùCalculator! Plus is entitled to make
backup copies of the software for the sole purpose of protecting
his investment. This license allows you to use one copy of
LoanùCalculator! Plus on one computer at a time. You may use your
copy of LoanùCalculator! Plus on different computers provided
there is NO POSSIBILITY of it being used on two computers at the
same time.
If you have any questions concerning this license agreement,
please call us at (800) 242-9192 or (609) 730-1430.

REGISTER YOUR COPY TODAY!!!

If you license your copy of LoanùCalculator! Plus, you'll get:

1. The latest version of the program. (We plan to add a Lease
Calculator.)
2. A printed manual with a complete index, pictures, and more.
3. A complimentary copy of our booklet "Everything that You
Wanted to Know About Money...But Didn't Know to Ask."
4. 90 days of toll-free phone support (U.S. customers only.)
5. Discounts on our other programs and mailed announcements
about updates and improvements made to our software. You will
be guaranteed the right to buy AmortizeIT! for Windows for
just $25.00. AmortizeIT! will have all of the functionality
of LoanùCalculator! Plus and in addition, it will include a
complete amortization schedule feature. AmortizeIT! will sell
to first time purchasers for a minimum of $50.00
6. The nagging registration reminder screen that you see when
you start the program will be removed on the copy that you
receive from us. Additionally, after 60 days of use, a
registration reminder screen will start to pop up at random
times during the use of the program. This will not occur, of
course, with the registered copy that you receive from us.

2 LoanùCalculator! Plus 1.0 User Manual

7. UNCONDITIONAL 60 DAY MONEY-BACK GUARANTEE. After the 60 days,
you will get our famous FOREVER BACK, JUST 2 QUESTIONS ASKED,
MONEY BACK GUARANTEE!!





















































LoanùCalculator! Plus 1.0 User Manual 3

DISCLAIMER

While these calculators are easy to use, financial planning re-
quires careful study.

Therefore, Pine Grove Software specifically disclaims all
warranties, expressed or implied, including but not limited to,
implied warranties of merchantability and fitness for a particu-
lar purpose or use. In no event shall Pine Grove Software be li-
able for any loss of profit or any other commercial damage,
including but not limited to, special, incidental, consequential,
or other damages. We suggest that you obtain professional guid-
ance when making any major financial decisions. We are NOT re-
sponsible for your interpretations of the results obtained with
these calculators, even if it is shown there is an error in the
programming of a calculator.

While great care has been taken with regards to the accuracy of
these calculators And the results that these calculators produce
have been checked against a number of sources, it is still
possible that you may get different results than what you had
expected. Some of these differences are caused by internal
rounding of the calculations (usually off by no more than 1/10 of
1% over say 20 years), by the way interest and periods are
calculated, by an error in using the program, or by possibly, in
an extreme case, by an error in programming.

When using this program, please use common sense. If you are
about to make what could be an important financial decision,
triple-check the results obtained with this or any calculator.


























4 LoanùCalculator! Plus 1.0 User Manual

ACKNOWLEDGMENTS

LoanùCalculator! Plus is based upon our popular DOS program, Am-
ortizeIT!. Over the years, we've spoken to countless number of
customers who have given us many ideas as to improve our soft-
ware. This program is dedicated to those customers.

We think that we...and you...have a better program because of
their contributions. To these customers, our heartfelt thanks.

Additionally, we would like to thank Keith Aleshire of Strike
Twice Corporation for his diligent efforts in producing this
manual. If you found our program easy to use, no doubt Keith is
responsible for a good part of that. Not only did he contribute
to our manual, but he also provided valuable comments about the
programs overall quality.

Karl Thompson
President
Pine Grove Software




































LoanùCalculator! Plus 1.0 User Manual 5

TABLE OF CONTENTS

Software License Agreement ......................... 2
REGISTER YOUR COPY TODAY!!! ........................ 2
DISCLAIMER .............................................. 4
ACKNOWLEDGMENTS ......................................... 5
INTRODUCTION ............................................ 8
ABOUT THIS MANUAL ....................................... 9
Keystrokes ......................................... 9
Procedures ......................................... 9
To understand a procedure .......................... 9
Menu Names ......................................... 9
PREPARING TO USE LOANùCALCULATOR! PLUS ................. 10
First Things First ................................ 10
What You Need ..................................... 10
Installing LoanùCalculator! Plus .................. 10
Starting LoanùCalculator! Plus .................... 12
The LoanùCalculator! Plus Files ................... 12
OVERVIEW ............................................... 14
What's a Calculator? .............................. 14
Loan ............................................. 14
Interest Due/Calendar Math ........................ 16
Remaining Balance ................................. 17
Accelerated Payment ............................... 18
Balloon Payment ................................... 19
Refinance Loan .................................... 20
A GUIDED TOUR .......................................... 22
Important Keys .................................... 22
Entering Information .............................. 22
Getting Help ...................................... 23
Exploring the Loan Calculator ..................... 24
The "Correct" Payment ............................. 24
To use the Loan Calculator ........................ 24
Exploring the Refinance Calculator ................ 28
To use the Refinance Calculator ................... 28
LOANùCALCULATOR! PLUS REFERENCE ........................ 31
Balloon Payment ................................... 32
Canadian Mortgages ................................ 32
Compounding Periods ............................... 32
Date X Days from Date ............................. 32
Days Between Dates ................................ 32
Fixed Principal Payment Loans ..................... 32
Interest Between Dates ............................ 32
Interest Only Loans ............................... 33
Interest Paid ..................................... 33
Interest Saved .................................... 33
Interest for Number of Days ....................... 33
Miscellaneous Fees ................................ 33
Ordinary Interest ................................. 33
Payment Periods ................................... 33
Points ............................................ 34
Rules of 78's ..................................... 34




6 LoanùCalculator! Plus 1.0 User Manual

Solve for Unknown ................................. 34
Tax Consequences .................................. 34
U.S. Rule Loans ................................... 34
APPENDIX A: TECHNICAL SUPPORT .......................... 35
APPENDIX B: EXPLANATION OF THE RULE OF 78'S ............ 36
ORDER FORM ............................................. 38


















































LoanùCalculator! Plus 1.0 User Manual 7

INTRODUCTION

Thank you for selecting LoanùCalculator! Plus. We believe you
have chosen a program second to none for loan calculations.
LoanùCalculator! Plus performs more calculations faster and with
less effort than any other program we have seen. There is never
any programming needed to solve a problem. You simply fill in the
blanks and select "Calc" to calculate for any unknown variables.

While LoanùCalculator! Plus can be used by professionals who work
in many industries, we also hope it is useful for the non-
professional. We have made every effort possible to make
LoanùCalculator! Plus an educational program. If you are not fa-
miliar with different ways to calculate a loan or with the con-
cept of future value, play with this program and read the help
screens. You will be better informed because of it.

Much of what is found in this manual is also available through
the program's help function. If you need assistance, press the
key and a detailed help window will appear. If you are at
the main screen and need information about one of the calcula-
tors, simply highlight its name from the pull-down menu and press
. A description will be displayed. Once a calculator is open,
more detailed help is available.

Since the help text is so extensive, most of this manual dis-
cusses how these calculators can be used. After we review several
of the basics of this program in the overview section of this
manual, we discuss features that may not be so obvious. These
examples are not meant to be exhaustive. Rather, they illustrate
several ideas and are meant to get you thinking about the power
of the program you are about to use.

We hope you take the time to at least browse through the manual.
No matter how easy a program is to use, you will undoubtedly
learn something by reading it. We want you to get the most from
our software as you possibly can.



















8 LoanùCalculator! Plus 1.0 User Manual

ABOUT THIS MANUAL

This manual uses a few simple conventions of which you should be
aware.

KEYSTROKES

Throughout this manual, we mention keys or key combinations such
as or . When two keys are listed, you must HOLD
DOWN the first key (such as Shift) and PRESS the second key (such
as Tab).

We may also require you to press the function keys, such as
or . F1 through F12 are the special function keys found on
the top or left side of your keyboard.

See "Important Keys" later in this user guide for details on what
each key does.

PROCEDURES

Step-by-step procedures are marked by a heading preceded by a
square box and usually the word "To," such as:

To understand a procedure

MENU NAMES

We indicate a menu choice by placing it within curly brackets
({}). For example, {Calculators} is the first menu choice from
the main menu.

























LoanùCalculator! Plus 1.0 User Manual 9

PREPARING TO USE LOANùCALCULATOR! PLUS

FIRST THINGS FIRST

Your LoanùCalculator! Plus disk contains several text (.TXT)
files. You should immediately read the file called README.TXT.
README.TXT contains last-minute information you should know be-
fore installing LoanùCalculator! Plus.

To view README.TXT or any of the other text files, start Windows'
File Manager. Then, highlight the drive and directory where the
files are stored. For example, you can select the C:\LOANPLUS
directory. You can then select any of the text files.

You can read the remaining text files after you install
LoanùCalculator! Plus. These other text files provide extra in-
formation, tips, and other advice.

WHAT YOU NEED

LoanùCalculator! Plus requires the following:

* An IBM or IBM-compatible computer using MS-DOS or PC-DOS
version 3.1 or greater.
* A hard drive with at least 820K (a little less than one
megabyte) of free disk space.
* 4MB of free random access memory (RAM).
* Microsoft Windows 3.0 or greater.
* A mouse is highly recommended.

INSTALLING LOANùCALCULATOR! PLUS

Before you install LoanùCalculator! Plus, close all other Windows
programs.

To install LoanùCalculator! Plus

If you received LoanùCalculator! Plus on a disk, use this
procedure.

1. Place the LoanùCalculator! Plus disk into drive A: or drive
B:.

2. From the Program Manager, select File and then Run.

3. Type:

A:INSTALL

where A: is the letter of the drive in which you installed
the disk.





10 LoanùCalculator! Plus 1.0 User Manual

4. Enter the directory to which you want to install
LoanùCalculator! Plus.
The default directory is C:\LOANPLUS. To change the name,
simply start typing the new drive and directory. If you want
to place LoanùCalculator! Plus beneath an existing directory,
select the button to the right of the directory name that has
three periods in it.

5. Select Continue after you make your selection to accept your
choices and continue the process.

NOTE: Select Exit Install if you wish to postpone installation
until later.

6. Enter your user name and organization.
LoanùCalculator! Plus asks you for your name and that of your
organization. You must enter at least your name.

NOTE: LoanùCalculator! Plus does not modify any of your PC's
start-up files, such as AUTOEXEC.BAT or CONFIG.SYS nor
does it modify any Window's .INI files, such as
SYSTEM.INI.

7. After you enter your name and organization, select Continue
to continue installation. Confirm the name and organization
is correct by selecting Yes.

If you select No, you will have an opportunity to re-enter
your name and organization. If you select Yes, LoanùCalcula-
tor! Plus is installed onto your computer. A horizontal bar
indicates the progress of the installation.

8. Enter the group into which you want to place LoanùCalculator!
Plus.
To keep all the LoanùCalculator! Plus icons together, you may
want to accept the standard group of Loan! Plus. Otherwise,
you can select the down arrow and place LoanùCalculator! Plus
into an existing group.

NOTE: You can also choose Skip to avoid placing LoanùCalculator!
Plus in a group at this time. If you choose this option,
you will have to manually add icons for LoanùCalculator!
Plus at a later time. This choice is not recommended for
novices.

9. Choose Create to place LoanùCalculator! Plus in the chosen
directory.

10.Select "OK" to acknowledge that LoanùCalculator! Plus was
successfully installed.
You are returned to the Windows Program Manager. If you chose
the default settings, note that a new group was created and
nine icons were placed in the group.



LoanùCalculator! Plus 1.0 User Manual 11

STARTING LOANùCALCULATOR! PLUS

Once LoanùCalculator! Plus is installed, you can start it using
these steps.

To start LoanùCalculator! Plus

1. Start Windows, if you haven't already.

2. Double-click the Loan! Plus icon from the group in which you
placed LoanùCalculator! Plus.

3. When LoanùCalculator! Plus starts, you will see an
introductory screen if you have an unregistered shareware
version. You may quickly proceed to the main menu by pressing
the Enter key or selecting "OK."
If you want to print an order form, select "Order." If you
select "Bonus," you can read about the benefits of register-
ing LoanùCalculator! Plus and other programs available from
Pine Grove Software.

4. Make your menu selection.
As you can see, LoanùCalculator! Plus is very simple to use.
You select one of the six calculators from the {Calculators}
menu.

NOTE: Once you register your copy of LoanùCalculator! Plus, the
registration reminder screen disappears, the increasing
delay in starting the program is removed, and up to five
copies of one calculator can be displayed at one time in-
stead of just two.

THE LOANùCALCULATOR! PLUS FILES

After installing LoanùCalculator! Plus, you should have the fol-
lowing files in your directory:

File Name Purpose Required
BBS.TXT A file with notes for BBS users No
BUGS.TXT A list of known bugs, or problems, No
with LoanùCalculator! Plus

FILE_ID.DIZ Program discription file for BBSs No
INSTALL.LOG Installation errors, if any. No
LOANPLUS.EXE LoanùCalculator! Plus main program Yes
file.

LOANPLUS.HLP LoanùCalculator! Plus built-in help Yes
text.
LOANPLUS.TXT The documentation for No
LoanùCalculator! Plus.

ORDER.TXT An order form for LoanùCalculator! No
Plus.


12 LoanùCalculator! Plus 1.0 User Manual

PROGS.TXT Information about other financial No
software from Pine Grove Software.
README.TXT Last-minute information about No
LoanùCalculator! Plus.
REMOVE.TXT Information about how to remove No
LoanùCalculator! Plus.

SHARE.TXT Information about shareware and No
your responsibilities.
VENDINFO.DIZ For shareware vendors. Distribution No
information.
VENDOR.TXT Information for distributors of No
shareware


NOTE: To save disk space, you may delete all files except those
marked as required.

NOTE: If you share or distribute a shareware copy of our pro-
gram, you are required to distribute ALL files.




































LoanùCalculator! Plus 1.0 User Manual 13

OVERVIEW

LoanùCalculator! Plus is an umbrella under which several Loan
Calculators reside. The program is tailored to the analytical
needs of financial professional yet is simple enough for use by
consumers.

WHAT'S A CALCULATOR?

Throughout this manual, we refer to "calculators." A calculator
simply is a calculation or series of calculations that are
represented by a choice from the opening menu. Presently,
LoanùCalculator! Plus has 6 calculators. They are:

* Loan
* Interest Due/ FV/ Calendar
* Remaining Balance
* Accelerated Payments
* Balloon Payment
* Refinance Loan

Most calculators are designed for a single purpose. However, some
calculators contain multiple functions. For example, the Interest
Due Calculator can also calculate the number of days between two
dates.

Often, you may want to compare several loan scenarios. For exam-
ple, you may want to know how soon your mortgage can be paid off
when you pay an extra $100 each month. Or you want to know the
mortgage payment on that $300,000 house you've been contemplat-
ing. With the registered version of LoanùCalculator! Plus, you
can open up to five copies of the same calculator at a time to
compare different results. (The shareware version will only allow
two copies of any calculator open at a time.)

Below is a brief synopsis of each calculator.

LOAN

The Loan Calculator helps you analyze a loan.

NOTE: For a detailed analysis of a specific loan, consider pur-
chasing AmortizeIT! for Windows from Pine Grove Software.
The Loan Calculator is for what-if analyses only.

There are four basic variables for any loan:

* Amount of loan
* Total periods, or length, of the loan
* Annual interest rate
* Periodic payment amount.

With the Loan Calculator, you provide the values for any three of
the variables, and LoanùCalculator! Plus will solve for the


14 LoanùCalculator! Plus 1.0 User Manual

others. It also displays the total interest that would be paid on
the principal.

The Loan Calculator also lets you fine-tune your analysis. For
example, the payment method may be either payment in advanced or
payment in arrears. Also, you can change the compounding period
(such as quarterly vs. monthly) or amortizing method.

















































LoanùCalculator! Plus 1.0 User Manual 15

INTEREST DUE/CALENDAR MATH

The Interest Due Calculator calculates the interest due between
any two dates or for any number of days.

For example, you can enter the amount of an account balance, the
number of days when the account matures (i.e. a certificate of
deposit expires or a loan must be paid off), and the interest
rate paid on that account. Otherwise, you can enter the first
date when interest begins accruing and the date when the account
is being paid off or the date funds are being withdrawn.

When finished, the interest due for that period is then calcu-
lated. This calculator also lists the days of the week the pay-
ments and payoffs are being made. You also can find the annual
percentage yield, or APY and the daily periodic interest rate.

The Interest Due Calculator allows you to pick the Rate Basis.
The Rate Basis is the method used to calculate interest. To con-
form with the Truth-In-Savings Act, you should select Exact/365.
This method divides the rate by 365 to arrive at a daily interest
rate and then multiplies the daily rate by the exact number of
days to calculate interest. If the End Date is in a Leap Year,
then the rate is divided by 366.

Overall, this calculator provides a quick way to audit interest
due or payable for any financial instrument.

NOTE: Since you can key in a date and a number of days, the In-
terest Due is very handy for calendar math.

NOTE: As defined by the Truth in Lending Act, a day is 24 hours.
Between noon on January 2nd and noon on January 3rd is ONE
day. Between January 2nd and January 4th is 2 days. It is
NOT 3 days.





















16 LoanùCalculator! Plus 1.0 User Manual

REMAINING BALANCE

The Remaining Balance Calculator calculates exactly what the re-
maining balance is after any particular payment.

With every type of loan (except interest-only loans), the
remaining principal balance decreases with each payment unless
there is negative amortization. You enter:

* Loan amount
* Total periods
* Annual interest rate
* Payment number at which you want to know the remaining loan
balance

You can also enter the payment period, compounding period, pay-
ment method, and amortizing method. Knowing these, LoanùCalcula-
tor! Plus then calculates the remaining balance and payment
amount.

This calculator helps you do a series of "what-ifs" when deciding
to pay off a loan after a certain number of payments. With Re-
maining Balance, you can calculate how much the payoff is after
so many payments.
































LoanùCalculator! Plus 1.0 User Manual 17

ACCELERATED PAYMENT

The Accelerated Payment Calculator quickly allows you to see the
interest saved as the result of extra payments.

If you pay a little extra toward principal on a regular basis,
you can save a substantial amount of interest over the course of
a mortgage. You can even enter when the accelerated payments will
begin, such as the sixth month of a 20-year loan. You simply tell
LoanùCalculator! Plus:

* Loan amount
* Total periods
* Annual interest rate
* At what period you want to increase the payment
* The extra amount you wish to pay towards the principal

You can also enter the payment period, compounding period, pay-
ment method, and amortizing method. Knowing these, LoanùCalcula-
tor! Plus then calculates the number of periods to pay off the
loan, the total interest paid and the total interest saved due to
the extra payments.

NOTE: This calculator will handle REGULAR extra payments, while
AmortizeIT! for Windows--available from Pine Grove Soft-
ware--allows you to enter IRREGULAR extra payments.






























18 LoanùCalculator! Plus 1.0 User Manual

BALLOON PAYMENT

The Balloon Payment Calculator allows you to customize your own
loan. You enter the following:

* Loan amount
* Annual interest rate
* Balloon payment
* Payment number when the balloon is due

Knowing these, LoanùCalculator! Plus then calculates your pay-
ment. For example, imagine you want to loan $125,000 at 10% in-
terest with a balloon of $75,000 due after 5 years. This
calculator tells you what the periodic payment will be to end up
with a remaining balance of $75,000 after 60 monthly payments.

Two points we want to make:

* The program is solving for a regular payment based upon a
"Balloon AFTER Payment Number". Using the above example,
this means on the day that the 60th payment is due, you will
have a balloon due of $75,000 AFTER the 60th payment is
credited to you. Therefore, if you want to pay the loan off
when the 60th payment is due, you will actually owe $75,000
+ the regular payment. On the other hand, if you want to pay
the loan off when the 60th payment is due and the Payment
Method is in arrears, you will actually owe $75,000 plus the
accrued interest since the 59th payment.
* If the Payment Method is set to Advance, the Payment Amount
is only a close approximation. Depending upon such factors
as interest rate and term, the result is usually within a
few cents of the correct amount. This is because there is no
interest due with the first payment and therefore there is
no formula that can be used to solve this problem. Therefore
the result is obtained via a trial and error method.

NOTE: You may need to change your expectations of this calcula-
tor. We have had customers request LoanùCalculator! Plus
to calculate the balloon payment and not the periodic pay-
ment that results in a desired balloon. LoanùCalculator!
Plus already does that! If you need to know what the bal-
loon payment is after say 60 periods, use the Remaining
Balance Calculator. The balloon payment is simply another
name for the remaining balance.












LoanùCalculator! Plus 1.0 User Manual 19

REFINANCE LOAN

The Refinance Loan Calculator lets you analyze if it's economical
for you to refinance your loan.

This calculator considers points paid, miscellaneous closing
costs, prepayment penalties, tax bracket, and projected length of
ownership. It reports the dollar cost difference between the two
mortgages in discounted dollars. This calculator also considers
the effect of reinvesting idle dollars and the effect a lower-
interest payment will have on income taxes. For example, how much
capital gains could you get if you placed the payment savings
into a mutual fund?

For example, if you have a mortgage at 10% and can get a mortgage
with a rate of 8.5%, should you refinance? This calculator con-
siders the refinancing costs, your tax bracket, length of time
you'll own the current property and other factors before giving
you a recommendation.

If the two loan amounts are the same, then the Refinance Loan
Calculator calculates the interest accrued until either both of
the loans are paid off or until the property is sold. The total
interest is discounted to today's dollars (if "0" is not entered
for a discount rate.)

If the payment for the second loan is less than the payment for
the current loan and if the interest is deductible,
LoanùCalculator! Plus calculates the amount of additional taxes
that would be due because of the lost deduction.

Next, if the TOTAL of the second loan's payments are less than
the TOTAL of the current loan, then the extra monies are invested
at the assumed discount rate.

NOTE: The discount rate is the rate of return that you can ex-
pect (or that you desire) to earn on your cash invest-
ments, such as a 7-percent municipal bond or a 15-percent
aggressive mutual fund.

The Refinance Loan Calculator calculates the bottom line by tak-
ing the difference paid in direct loan costs (interest, points,
closing costs, etc.) and subtracting the extra taxes that will
have to be paid if the proposed financing is less costly than the
current financing. It then adds any possible extra investment
income as the result of lower payments and subtracts any lost
investment income if the proposed payments are higher than the
current financing.

NOTE: If you are considering a new mortgage that exceeds your
current financing, the impact of the excess borrowed is
calculated and added to the results outlined above. If the
new mortgage is for less than the current financing, then
the lost investment opportunity for the monies used to pay


20 LoanùCalculator! Plus 1.0 User Manual

down the loan are calculated and subtracted from the re-
sults outlined above.






















































LoanùCalculator! Plus 1.0 User Manual 21

A GUIDED TOUR

In this chapter, you will be led on a tour of two of LoanùCalcu-
lator! Plus's calculators: the Loan Calculator and the Refinance
Calculator. This tour will help you better understand the pro-
gram. First, though, you should learn the basics of operating
LoanùCalculator! Plus.

IMPORTANT KEYS

LoanùCalculator! Plus relies on a handful of keys for important
parts of the program.

* . The function key puts you in the main menu, so
you can choose one of the pull-down menus.
* -- accepts your changes for the current field and moves
you to the next field or menu.
* -- calculates the values for the calculator you are
currently using.
* -- Moves you to the previous field.
* -- Clears the value in a field.

NOTE: If LoanùCalculator! Plus keeps beeping at you when you are
entering information, try clearing the field using this
key combination.

* -- moves the cursor backwards, deleting any character
there.
* -- exits you from a calculator or pull-down menu. In
essence, pressing the Esc key means "I don't want to be
here," returning you to the previous menu, topic, or
position.

ENTERING INFORMATION

When entering information into an LoanùCalculator! Plus calcula-
tor, follow these guidelines:

* When entering a date in the format MM-DD-YYYY, do not type
the slashes separating each part. LoanùCalculator! Plus
automatically provides them. For the year subfield, you can
enter the last two numbers of a year and LoanùCalculator!
Plus will complete the rest if the year is in this century.
* For numeric values such as a dollar amount or number of pay-
ments, simply enter the numbers. To clear a value from the
field, press or simply type when the contents of
that field are highlighted.
* Some LoanùCalculator! Plus fields have limited choices, such
as possible payment frequencies (Monthly, Bimonthly, etc.).
For such fields, you either can press the or
arrows when the field is highlighted or press the
or keys to go to the first or last choices, re-
spectively. For fields that have only two choices, you can
instead use the or keys to make your


22 LoanùCalculator! Plus 1.0 User Manual

selection. Once your choice is displayed, press the
key to accept the value and move on.

GETTING HELP

If you ever need help with any menu choice or item at any time,
simply press the function key. This key provides pop-up text
that will help you through your mastering of LoanùCalculator!
Plus. For example, if you move the highlight bar to one of
LoanùCalculator! Plus's main menu choices and press , you can
see a description of the features under that menu choice. This
help is context-sensitive; the help text displayed depends on
which area or field you are in. Make sure you are in the field
for which you want help before pressing . If you press
again, you can get help for using the help text. Consult your
Windows manual for how to use the help text.








































LoanùCalculator! Plus 1.0 User Manual 23

EXPLORING THE LOAN CALCULATOR

The operation of the Loan Calculator is representative of all
LoanùCalculator! Plus calculators: very simple and direct. You
enter certain values and calculate for the unknown ones.

We will use the Loan Calculator to accomplish a simple objective:
calculating the payment on a simple $5,000 personal loan/credit
card balance you wish to pay off in 12 months at 16 percent in-
terest. Next, you can view the change in payment if the interest
rate is reduced to 9%, such as using a home equity loan in lieu
of a conventional credit card. Finally, you will see how many
months it takes to pay off the loan using a comfortable payment.

THE "CORRECT" PAYMENT

Pine Grove Software often gets asked questions about loan pay-
ments. Just remember:

There is no such thing as a "correct" loan payment.

Any payment can be deemed "correct" so long as both the lender
and debtor agree to it. What is important however, is the amount
of interest that is being billed for a particular period. Inter-
est due for a period must be calculated within certain bounds as
prescribed by law. The method used should be clearly stated by
the lender. The amount of interest that is being charged in any
period is what the debtor should audit. After all, that is the
fee being charged for borrowing the money. If the interest amount
agrees but the payment amount differs, the difference between the
two is being applied to principal. Since principal is owed re-
gardless, it doesn't necessarily matter if the difference between
two payment amounts is being applied to principal.

To use the Loan Calculator

1. Start LoanùCalculator! Plus and select "OK" to bypass the
introductory shareware screen.
Typically, you would start Windows and select the Loan! Plus
icon from the group in which you installed it.

NOTE: Once you register your copy of LoanùCalculator! Plus, the
registration reminder screen disappears, the increasing
delay in starting the program is removed, and up to five
copies of one calculator can be displayed at one time in-
stead of just two.

2. Select {Loan...} from the {Calculators} pull-down menu.
You can use your mouse to make your selection, or press L> and then to start the Loan Calculator. The Loan Calcu-
lator appears.

3. Enter a loan amount of $5,000.
The amount of the loan is the principal that is being ad-
vanced. For currencies that have single character currency

24 LoanùCalculator! Plus 1.0 User Manual

symbols ($ or œ), you can enter amounts up to 999,999,999.99
for other currencies you will be limited to one digit less
for each additional character including spaces in the cur-
rency symbol. For example, for the German Mark you will be
limited to a maximum value of 9.999.999,99 DM. (There are two
additional characters in the currency symbol, a space and the
'M').

You do not enter the comma or dollar symbol. Simply type:
"5000." The program will automatically fill in the commas.
Press to move to the next line.

NOTE: Note that the user can change the currency that is dis-
played by changing the default setting in the Windows Con-
trol Panel under International Settings.

4. Enter 12 as the total periods of the loan.
Enter the number of loan periods, such as "12" for a 12-month
loan. Press to move to the next line.

NOTE: If the payment period is monthly, you enter 12 for a one-
year loan. On the other hand, if the payment period is
semiannual, you would enter 2 for the Total Periods.

5. Enter 16 percent as your annual interest rate.
For a personal loan or credit card balance, imagine your in-
terest rate is 16 percent. You do not type the percentage
symbol. Press to move to the next line.

6. Calculate your payment.
When finished entering your numbers, select the "Calc" button
or press . This calculates your monthly payment of
$453.65 per month in the Periodic Payment field. Note that
the total interest of $443.80 is displayed at the bottom.

7. Change your loan interest to 9 percent.
Imagine you consolidated your credit card debt to a home eq-
uity line of credit. How low would your payments be? Press
to move to the interest rate line. Simply type
the number "9," which overwrites the 16 percent interest and
press .

NOTE: To restore the values to the previous ones used, press the
"Reset" button.

In the Periodic Payment field, type a "0" to "zero out" the
payment amount of $453.65. Do not use the letter "O" key.
(This zeroing out tells LoanùCalculator! Plus to use the
other values to solve for this last unknown.) Press
or select the "Calc" button from the bottom of the screen to
recalculate the loan payment. You should have a value of
$437.26.

8. Open another Loan Calculator.


LoanùCalculator! Plus 1.0 User Manual 25

You can open multiple copies of the same calculator for doing
a side-by-side loan comparison. Select {Loan...} from the
{Calculators} pull-down menu. The second Loan Calculator ap-
pears. Using your mouse, grab its top title bar to drag it
next to the first Loan Calculator.

NOTE: Viewing multiple calculators works best at a resolution of
800 x 600 or higher. LoanùCalculator! Plus will recognize
the change in resolution and occupy less screen space at
the higher resolutions.

The second calculator duplicates the values in the original
calculator. This allows you to quickly compare multiple loans
without having to retype the values.

NOTE: Once you register your copy of LoanùCalculator! Plus, the
registration reminder screen disappears, the increasing
delay in starting the program is removed, and up to five
copies of one calculator can be displayed at one time in-
stead of just two.

9. Enter a Periodic Payment of $300.
With a home equity loan, you can often make variable pay-
ments. Imagine you felt more comfortable paying $300 per
month, instead of more than $400. At $300 per month, how many
months before the balance is paid off? Press to move to
the Periodic Payment field. Enter a value of "300" to replace
the payment of $437.26. Next, use the key to move
to the Total Periods field.

10. Zero out the number of Total Periods.
Type a "0" to "zero out" the number of periods. Press
or select the "Calc" button from the bottom of the screen to
recalculate the loan payment. You should have a value of al-
most 18 months. By comparing the two loans, you can see that
it will cost you another $150 to pay off the home equity loan
in 18 months instead of 12, but the manageable $300 payment
may be worth the extra interest.

You can change other facets of the Loan Calculator, including
the compounding period, payment method, and amortizing
method. Change each of these and see how it affects the pay-
ment amount.

11. Print the results to your printer.
You can print the facts about a loan to your printer. If you
select the "Print" button from the bottom of the screen, the
results will be sent to your default printer, using the Win-
dows System font. You can also enter the number of copies you
want.

If you want to change fonts, select {Fonts} and then {Se-
lect...} from the LoanùCalculator! Plus main screen. Select
the font and size from the menu and select "OK." Then print.


26 LoanùCalculator! Plus 1.0 User Manual

NOTE: If the current calculator is covering up the main menu,
grab it by the top title bar and drag it out of the way.

12. Copy the results to another Windows program.
If you select the "Copy" button from the bottom of the calcu-
lator, you can paste the calculator's calculations to the
Windows Clipboard. You then can "paste" the results into an-
other Windows program, such as your favorite word processor.
Typically, you press or to paste the
contents. You also can select {Paste} from the other pro-
gram's {Edit} menu.

13. Press or choose "Cancel" to return to the
LoanùCalculator! Plus main menu.

14. To exit LoanùCalculator! Plus, press to quit,
highlight the word {Exit} from the {File} pull-down menu, ,
or double-click on the Control menu in the upper left corner
of the main LoanùCalculator! Plus Window.





































LoanùCalculator! Plus 1.0 User Manual 27

EXPLORING THE REFINANCE CALCULATOR

As mentioned earlier, the Refinance Calculator, provides a de-
tailed analysis about whether you should refinance your mortgage
or assume a different mortgage.

The Refinance Calculator will compare the costs of two different
mortgages. Since the 1980s, interest rates have been on a roller
coaster. Maybe you have a loan that you got when rates weren't so
favorable. This calculator will tell you in plain English if it
pays to refinance the loan. Even if rates are about the same to-
day as when you took out the loan, maybe your financial condition
has improved so that you are able to get a better rate on an
older loan balance.

To use the Refinance Calculator

1. Start LoanùCalculator! Plus and select "OK" to bypass the
introductory shareware screen.
Typically, you would start Windows and select the Loan! Plus
icon from the group in which you installed it.

NOTE: Once you register your copy of LoanùCalculator! Plus, the
registration reminder screen disappears, the increasing
delay in starting the program is removed, and up to five
copies of one calculator can be displayed at one time in-
stead of just two.

2. Select {reFinance...} from the {Calculators} pull-down menu.
You can use your mouse to make your selection, or press L> and then to start the Refinance Calculator. The Refi-
nance Calculator appears.

3. Enter a remaining mortgage amount of $100,000.
Imagine you are entering the remaining balance on your cur-
rent mortgage. You do not enter the comma or dollar symbol.
Simply type: "100000." The program will automatically fill in
the commas. Press to move to the next line.

4. Enter 240 as the total number of remaining periods of the
current mortgage.
Enter "240" as the number of remaining mortgage payments.
Press to move to the next line.

5. Enter 10 percent as your annual interest rate.
Imagine your current mortgage has an interest rate of 10 per-
cent. Enter "10" as your interest rate. You do not type the
percentage symbol. Press to move to the next line.

6. Enter your payment period.
Most likely, you would leave the payment period as "Monthly."
Press to move on to the next line.

7. Enter $100,000 as the new loan amount.


28 LoanùCalculator! Plus 1.0 User Manual

If refinancing the balance of your current mortgage, enter
the same value as the remaining balance. If you are consider-
ing a different mortgage, enter the amount of the new loan.
For our purposes, enter $100,000. Simply type: "100000." You
do not enter the comma or dollar symbol. The program will
automatically fill in the commas. Press to move to the
next line.

8. Enter 240 as the number of payments for the new mortgage.
Most likely, you would refinance the current mortgage for
either 240 or 360 payments. Enter "240" (20 years x 12
months) and press the to move to the next line.

9. Enter 8 percent as your new annual interest rate.
Imagine your NEW mortgage has an interest rate of 8 percent.
Enter "8" as your interest rate. You do not type the percent-
age symbol. Press to move to the next line.

10. Enter your payment period.
Most likely, you would leave the payment period as "Monthly."
Press to move on to the next line.

11. Enter 1 percent as your number of points for the new
mortgage.
Often, a mortgage loan may require a point or two. A point is
a percentage of the loan you must pay up front for the privi-
lege of acquiring a lower-interest loan. For this example,
we'll use 1 percent, or $1,000 (.01 X $100,000=$1,000). Enter
"1" as the number of points. You do not type the percentage
symbol. Press to move to the next line.

12. Enter $1,000 for miscellaneous closing costs.
A new mortgage may also have closing costs, such as a title
search or home inspection. You also can include other ex-
penses. Press to move to the next line.

13. Enter prepayment penalties, if any.
Some loans have a penalty for prepaying. If there is a pre-
payment penalty for paying off the current financing, enter
that amount here. We'll assume no penalties, so press
to move to the next line.

14. Select that interest and points are deductible.
Any interest and points you pay may be deductible on your
Schedule A of your federal tax forms. If they are not, press
the arrow key to select "Not Deductible." For our ex-
ample, we'll assume such expenses are deductible. Press
to move to the next line.

15. Select points to be amortized as part of the mortgage.
Points paid may be paid up front ("Prepaid") or spread out
over the life of the loan as part of your mortgage payment
("Amortized"). We'll assume points are to be included in the
mortgage , so press the arrow key to select "Amor-
tized." Press to move to the next line.

LoanùCalculator! Plus 1.0 User Manual 29


16. Enter 5 as the number of years when you expect to refinance
your mortgage or sell the property.
To know if a refinancing deal is worth considering, we need
to know how many more years you will plan to be at the refi-
nanced property. Enter the number of additional years here.
(The fixed costs for refinancing are amortized over this
term.) Enter "5" for possibly refinancing in five years.
Press to move to the next line.

17. Enter 33 as your projected tax bracket.
The Refinance Calculator also considers your tax bracket. If
you want to look at refinancing without tax implications,
just enter "0" for your tax bracket. For our example, enter
"33" as your tax bracket. This percentage tax is the total of
your state, federal and local taxes.

18. Enter 0 as your discount rate for the savings.
In this example, let's assume you won't be investing the sav-
ings from refinancing the mortgage.

19. Calculate your payment.
When finished entering your numbers, select "Calc" from the
lower right-hand button, or press . This display's a
recommendation of the specific refinancing, including the
bottom-line savings or losses.

20. Print the results to your printer.
You can print the refinancing advice and items to your
printer. If you select the "Print" button from the bottom of
the screen, the results will be sent to your default printer,
using the Windows System font. You can also enter the number
of copies you want.

If you want to change fonts, select {Fonts} and then {Se-
lect...} from the LoanùCalculator! Plus main screen. Select
the font and size from the menu and select "OK." Then print.

NOTE: If the current calculator is covering up the main menu,
grab it by the top title bar and move it out of the way.

21. Copy the results to another Windows program.
If you select the "Copy" button from the bottom of the calcu-
lator, you can paste the calculator's calculations to the
Windows Clipboard. You then can "paste" the results into an-
other Windows program, such as your favorite word processor.
Typically, you press or to paste the
contents. You also can select {Paste} from the other pro-
gram's {Edit} menu.







30 LoanùCalculator! Plus 1.0 User Manual

LOANùCALCULATOR! PLUS REFERENCE

This section of the manual looks at the various features and op-
tions offered throughout the LoanùCalculator! Plus calculators.
These include:

* Balloon Payment
* Canadian Mortgages
* Compounding Periods
* Date X Days from Date
* Days Between Dates
* Fixed Principal Payment Loans
* Interest Between Dates
* Interest Only Loans
* Interest Paid
* Interest Saved
* Interest for Number of Days
* Miscellaneous Fees
* Ordinary Interest
* Payment Periods
* Points
* Rules of 78's
* Solve for Unknown
* Tax Consequences
* U.S. Rule Loans































LoanùCalculator! Plus 1.0 User Manual 31

BALLOON PAYMENT

Payments may be calculated based upon a certain term, such as 30
years or 360 monthly payments. However, the loan may be due at
the end of the 5th year. This results in a large final payment
known as a "balloon". To set the balloon period from the Balloon
Calculator, enter the period at which the balloon is due.

CANADIAN MORTGAGES

Canadians typically make monthly payments with semiannual com-
pounding. This option can be selected whenever the cursor is on
the Amortization Method field. Press to display "Canadian."
Otherwise, choose the drop-down list to pick which amortizing
method you desire.

COMPOUNDING PERIODS

Compounding periods may be set separately from the payment pe-
riod. LoanùCalculator! Plus currently supports daily, weekly,
biweekly, monthly, bimonthly, quarterly, semiannual and annual
compounding. The Interest Due Calculator supports continuous
compounding and simple interest also.

DATE X DAYS FROM DATE

From the Interest Due Calculator, enter the Start Date and then
press twice. Enter the Number of Days, and press
. The Ending Date will be the number of days that you en-
tered from the Start Date.

DAYS BETWEEN DATES

From the Interest Due Calculator, enter the Start Date, press
and enter a second date (Ending Date). The Number of Days
between the two date will instantly be calculated.

FIXED PRINCIPAL PAYMENT LOANS

Normally, a loan is paid back in level payments. (We call this a
"normal loan.") That is, the payment amount remains constant.
However, it is possible for the payment to be a level PRINCIPAL
amount. Fixed principal loans calculate the payment by dividing
the total loan amount by the number of periods and adding the
interest due for the period. The result is that the payment de-
creases as the loan balance is paid down because less interest is
due for the period. The net result is that while the initial
payments are higher, the total amount of interest paid is less
than under level payment type loans.

INTEREST BETWEEN DATES

Need to know how much interest you will earn (or pay) between any
two dates? The Interest Due Calculator will calculate this for
you using any one of 9 compounding methods.

32 LoanùCalculator! Plus 1.0 User Manual


INTEREST ONLY LOANS

With some loans, the borrower is obligated to make payments that
only cover the interest due for the period. The final payment is
a balloon of all of the principal and the interest for the final
period. From the Amortizing Method, choose "Interest Only."

INTEREST PAID

The Loan Calculator displays the total interest paid on a loan.

INTEREST SAVED

The Accelerated Payment Calculator will calculate the interest
saved as the result of making regular extra loan payments. To
analyze the effect of payment acceleration, first enter your
original number of periods, loan amount and interest rate in the
Accelerated Payments Calculator. Then enter the extra amount paid
and at what period the extra payments begin. Then select "Calc"
to see the results of extra payments. You now can compare your
savings.

NOTE: AmortizeIT! for Windows, also offered by Pine Grove Soft-
ware, allows you to track irregular and annual payments,
while the Accelerated Payment Calculator only calculates
for a regular extra payment.

INTEREST FOR NUMBER OF DAYS

Need to know how much interest you will earn (or pay) for a spe-
cific number of days? The Interest Due Calculator will calculate
this for you using any one of 9 compounding methods. Enter any
start date and either the ending date or the number of days. This
is handy to know how much you will earn on a 90-day CD, for example.

MISCELLANEOUS FEES

A miscellaneous fee might be required mortgage insurance or a
loan application fee.

ORDINARY INTEREST

LoanùCalculator! Plus supports three interest rate basis for
calculating interest due in a period. These three basis are: or-
dinary interest (360/360); exact days over 360; or exact days
over 365. Ordinary interest assumes that every period has the
same number of days in it. Exact day interest, calculates inter-
est based upon the exact number of days in the period.

PAYMENT PERIODS

LoanùCalculator! Plus supports weekly, biweekly, monthly, bi-
monthly, quarterly, semiannual and annual payment periods. The
payment and compounding period may be selected independently.

LoanùCalculator! Plus 1.0 User Manual 33


POINTS

Lenders may charge "points" on a loan. The points is a percentage
of loan advance. You enter the points charged in the Refinance
Calculator. One point is equal to one percent of the initial loan
amount.

RULES OF 78'S

Rule of 78's is an amortization method. While on any amortization
field press the space bar or click on the field with a mouse un-
til Rule of 78's is selected. (See Appendix B for details.)

SOLVE FOR UNKNOWN

There are 4 primary variables for a loan. They are Amount Bor-
rowed, the Nominal Interest Rate, the Term and the Payment
Amount. If you provide LoanùCalculator! Plus with any of these
three, it will solve for the unknown value. From the Loan calcu-
lator, enter "0" for the unknown value and select "Calc" to cal-
culate for the unknown.

TAX CONSEQUENCES

Presently, mortgage interest is usually tax deductible. The
Refinance Calculator will calculate the effect that refinancing
has on income taxes. WARNING: When refinancing at a lower rate
you will often have an increase tax obligation to meet.

U.S. RULE LOANS

If a loan payment is not large enough to pay the interest due for
the period (negative amortization), the U.S. Rule states that
there cannot be any interest calculated on the unpaid interest
from the previous period.

If negative amortization is occurring and you want the U.S. Rule
to apply, from the Amortizing Method pull-down menu, press to
choose the U.S. Rule method or open the pull-down menu to make
your selection.















34 LoanùCalculator! Plus 1.0 User Manual

APPENDIX A: TECHNICAL SUPPORT

As a smaller company, we unfortunately cannot answer every phone
call immediately. If you can't reach us, please leave a message.
We will call you back. Fortunately, we accept calls at our toll-
free 800 number until 10 p.m. EST. Occasionally, we are even
available at that number on Saturday and Sunday.

U.S.A. toll-free: 800-242-9192
International: 609-730-1430

Fax: 609-730-1530
E-mail: via CompuServe at 72366,306 or via Internet at
[email protected]

We also maintain a consulting office in NYC: 212-279-5570.

If you wish to write us:

Pine Grove Software
23 Flower Hill Drive, Suite 1600
Trenton, NJ 08638-1203
USA

































LoanùCalculator! Plus 1.0 User Manual 35

APPENDIX B: EXPLANATION OF THE RULE OF 78'S

Contributed by Morris A. Nunes, Attorney, (703) 241-4917

Outside of banking circles, the Rule of 78's is little under-
stood, even though it is commonly applied to many consumer and
business loans. For the borrower, it tends to have a pernicious
effect in the nature of a hidden prepayment penalty. The borrow-
er's disadvantage is heightened by the fact that the operation of
the Rule of 78's is often referred to as a "Rebate of the Finance
Charge." Any consumer who heard the word "rebate" is always
tempted to say, "Where do I sign?" Not so fast!

Here's how it works:

The name comes from the sum of the numbers one through 12, there
being 12 months in a year. Yes, that adds to 78.

The theory of the Rule of 78's is that at the moment a borrower
signs the Note, the borrower is immediately obligated to pay back
all of the principal and ALL of the interest that will accrue in
the future over the agreed term of the loan.

Now, if the borrower prepays, the lender "generously" forgives
some of the interest EVEN THOUGH at the time for it to accrue has
not yet elapsed and so that additional interest has not been
earned. That's the so-called "Rebate." Lenders argue that the
uncertainty created about an early payoff entitles them to some
compensation for being at the borrower's whim for payoff. In a
time of falling interest rates, that argument may have more merit
than when interest rates are rising as the lender gets to put the
money back to work at a higher rate and earn more.

In any event, the Rebate is calculated by summing the number of
payments elapsed in inverse order as a denominator for the frac-
tion in which the sum of the term is the numerator. That fraction
times all interest over the life of the loan is the amount earned
by the lender. Watch this example:

Assume a two-year loan (so we'll assume the numbers 1 through 24)
for $10,000 with interest at 12% per year. Using LoanùCalculator!
Plus's Loan Calculator, we know the monthly payment is $470.73.
The "Loan Table" module's Running Totals also tells us that over
the life of the loan the total amount of aggregate interest to be
paid would be $1,297.65 (using a 365-day year).

After the fourth month, our borrower reaps a windfall and wants
to prepay the whole loan. The fraction of the total interest
earned by the lender is:

(Sum 24 to 21) over (Sum 1 through Sum 24)
90/300 = 30%

Now, let's compare that to the interest actually paid to date to
see what the penalty will be. From running the "Loan Table"

36 LoanùCalculator! Plus 1.0 User Manual

module, we found the total interest to be $1,297.65 and the in-
terest paid after four payments is $377.61, so the penalty is:

Earned Interest Per Rule: (30%) ($1,297.65) = $389.30

Interest Paid to Payoff: $377.61

Additional Interest Owed: $11.69

Maybe that doesn't look like too big a number, but it's an addi-
tional 3.1% interest. Had this been a $100,000 loan, the in-
creased penalty works out to ten times as much, $116.84.

Paying off at different times for different maturities and dif-
ferent interest rates produces differing penalty sizes. Two gen-
eral rules of thumb can be adduced:

1. The higher the interest rate, the greater the penalty amount.

2. The earlier the prepayment in relation to the term, the
greater the penalty amount.

So if you're a lender, you should love using the Rule of 78's. If
you're a borrower, you should try to avoid it. A caution for
lenders: Some states have usury and other laws that may limit use
of the Rule of 78's.






























LoanùCalculator! Plus 1.0 User Manual 37

Have a friend that would like their own copy of
LoanùCalculator! Plus? Just copy this order form and pass it
along.

ORDER FORM

Name:___________________________________________________________

Company:________________________________________________________

Address:________________________________________________________

City:____________________________________

State:__________ ZIP:_____________ Country:___________________

Daytime Phone(in case we have questions):_______________________

YES! I would like to order:

Quan: ___ LoanùCalculator! Plus @ $24.95 ea. _______________


plus "Everything You Wanted to Know..." $12.95 FREE!

plus **Shipping: _______________

plus NJ Addresses 6% Sales Tax: _______________

Total Order: _______________

Circle One: Money Order Check*

Mastercard VISA American Express

Credit Card # _______________________________ Exp.: __________

Signed: _______________________________________________________

*Checks are to be made payable to Pine Grove Software. We will
accept personal or business checks; or checks from foreign coun-
tries that are made payable in US Dollars AND that are drawn on a
US BANK. However, generally using one of the above credit cards
is easier.

**Shipping charges per copy:
$ 6.00 1st class mail.
$ 7.50 priority mail within the U.S.
$ 9.00 air to Canada & Europe.
$10.00 air to the Orient & S. Pacific

We can also ship via Federal Express. FedX charges within the
U.S. are $18.00 per. Or you can provide us with your company's
FedX account number for billing. Overseas FedX, contact us for a
quote. Mail this completed order with your payment to:


38 LoanùCalculator! Plus 1.0 User Manual


Pine Grove Software
23 Flower Hill Drive, Suite 1600
Trenton, NJ 08638-1203 USA

Or for FASTER service FAX your order to 609-730-1530
Voice orders 800-242-9192 or 609-730-1430
EMAIL to CompuServe 72366,306 or Internet
[email protected]


THANK YOU.



















































LoanùCalculator! Plus 1.0 User Manual 39


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