Use this program to enter in certain variables to attain an Amortization Schedule.
The schedules can be output to a viewer or a printer.
You can enter a:
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The screen is divided into two portions. The upper portion of the screen is called the header portion where the user information is entered and the calculated monthly payment, total payment and total interest are displayed. The lower portion of the screen is called the line-item portion and consists of the information concerning the loan balance, etc., by month.
Schedule information includes the following: one line per month of a year - year, month, total accumulated months, payment, principle, interest, total interest paid, and balance of the loan. The information entered, calculated, and displayed is not stored by the system.
1. Description
Enter the loan description (up to 40 characters).
2. Principle
Enter the principle amount of the loan (.01-9,999,999.99).
3. Rate
Enter the interest rate (.001-99.999). Enter (CR) defaults to 0.
4. Months
Enter the life of the loan in months (1-999).
5. Start Month
Enter the starting month of year of the loan (1-12). Enter (CR) defaults to 1.
This concludes the user portion of the header. The system now displays the calculated monthly payment, total payment, and total interest in the header portion.
6. Print Schedule
Enter a T-terminal or one of the available printer numbers displayed at the bottom of the screen to determine where to print the calculated schedule. Enter (CR) defaults to T.