Amortization Schedule (SMI620)

How To

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:

  • Loan description
  • Loan principle
  • Interest rate
  • Life of loan
  • Starting month

 

 

The screen is divided into two portions: the header portion where the information is entered and the calculated monthly payment, total payment and total interest are displayed, and 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.