Creating an Amortization Schedule

1. Click System Management>Inquiries> Amortization Schedule.

2. (Optional) In the Description field, specify the loan description (up to 40 characters).

3. In the Principle field, specify the amount of the loan.

4. In the Rate field, specify the interest rate (.001-99.999).

5. In the Months field, specify the life of the loan in months (1-999).

6. In the Start Month field, specify the starting month of year of the loan (1-12).

7. The system now displays the calculated monthly payment, total payment, and total interest in the header portion. At the command prompt, the system displays the message: Print Schedule? Specify 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. Press Enter to default to T.

8. In the lower portion of the screen, the system displays this schedule information: one line per month of a year - year, month, total accumulated months, payment, principle, interest, total interest paid, and balance of the loan.

9. Click End to exit the program.