                ┌───────────────────────┐
                │ AMORTIZATION SCHEDULE │
                └───────────────────────┘

Selecting `Amortization' from the Main Menu by highlight-
ing it and pressing Enter, clicking on it with a mouse, or
pressing ALT-Z will open the Amortization Schedule window
(form).  What makes this program different is its ability
to compute and print `customized' schedules from a single
easy-to-use input format.  Features include:

    ∙ Name line - can be your customer's or your own
      organization's name
    ∙ Monthly, Quarterly, Semi-Annual or Annual payments
    ∙ Normal P & I payments or Fixed Principal plus
      accrued interest payments
    ∙ Odd Days to 1st payment - can be positive or
      negative to adjust accrued interest on 1st payment
    ∙ Ability to compute the Payment amount based on the
      Term, or, for Fixed Principal Payments, compute the
      Term based on the Payment amount.
    ∙ Allows for a `balloon' amount at the end of the
      scheduled Term.

                       ┌─────────┐
                       │ DETAILS │
                       └─────────┘

See the General Help selection for information on cursor
movement, Command Buttons, Control Box, and general
information.

NAME            Can be either your customer's name or your
                organization's name.  This name will
                appear at the beginning of each printout
                and on each succeeding page.

LOAN AMOUNT     The INITIAL amount of the loan at funding.
                Do not add accrued interest for any Odd
                Days (other than a normal payment period)
                until the first scheduled payment - this
                will be handled in the `Odd Days' field
                (below).  This is a required field and
                must be completed.

INTEREST RATE   The Annual Percentage Rate charged on this
                loan.  Enter in a 99.99 format. (eg: a
                rate of 10.75% would be entered as 10.75,
                not .1075)  This is a required field and
                must be completed.

TERM IN MONTHS  The term of the loan stated in MONTHS.  (A
                30 year loan would be 360 months; a 5 year
                loan would be 60 months; etc.)  Even when
                using a payment frequency other than
                monthly, convert that schedule to months
                for this field.  (eg: A schedule allowing
                16 quarterly payments would equate to 48
                months.)  To print a `balloon' schedule
                enter the Term (in months) of `normal'
                payments to be made, and complete the
                Periodic Payment field - the schedule will
                then show the remaining principal balance
                due (balloon) as part of the LAST payment
                printed.  Unless you have specified Fixed
                Principal Payments (see below) and
                completed the Periodic Payment field the
                Term must be filled in.

FREQUENCY OF    Monthly, Quarterly, Semi-Annual, or Annual
    PAYMENTS    payments may be selected by using the
                mouse or the Up/Down arrow keys.

PERIODIC PYMT   This can be either (1) the amount
                necessary to fully amortize the loan (will
                be computed if `0' AND the Term (see
                above) is filled in, or use the LOAN
                CALCULATOR to compute), (2) the amount to
                be used for calculating a `balloon'
                schedule, or (3) any subjective amount
                you want to use with a specified term.  If
                you use amount (3), the schedule will
                terminate as soon as the principal balance
                reaches zero (payment larger than need for
                stated term), `balloon' on the last
                payment if Full Payout/Last Pymt field is
                `checked' (default), or print the stated
                term and show the remaining principal
                balance (unpaid) at the end of the
                schedule if the Full Payout/Last Pymt
                field is not checked.  The Periodic
                Payment field and the Term field cannot
                both contain zeros.

ODD DAYS TO     The program assumes a full payment period
     1ST PYMT   until the first scheduled payment is due.
                (30 days for MONTHLY payments, 3 mos. for
                QUARTERLY, 6 mos. for SEMI-ANNUAL, or 1
                year for ANNUAL.) You can adjust for
                different periods by using either positive
                or negative numbers in this field. (eg:
                Enter 15 for a loan with 45 days until the
                1st scheduled MONTHLY payment; enter -30
                for a loan with 60 days until the 1st
                scheduled QUARTERLY payment.) The FIRST
                scheduled payment will be adjusted to
                account for additional (or reduced)
                accrued interest due for the days entered
                here.

FIXED PRINCIPAL This check box can be `toggled' on or off
        PYMTS   with a mouse click or the spacebar.  When
                toggled ON the program will calculate the
                accrued interest for each scheduled
                payment and then ADD the amount shown in
                the Periodic Payment field to that
                interest for a total payment due.  This
                will result in larger payments at the
                beginning of the term, gradually
                decreasing with each payment made.  When
                this box is toggled OFF (default) the
                schedule is prepared using normal P & I
                payments which will remain the same during
                the entire term (except for 1st payment
                adjustments for Odd Days and last payment
                adjustments for `full payout')

FULL PAYOUT/    This check box can be `toggled' on or off
    LAST PYMT   with a mouse click or the spacebar.  When
                toggled ON (default) the last payment will
                be adjusted (positive or negative) as
                necessary to completely pay out the
                remaining pricipal balance owed at the
                time of the last SCHEDULED payment.  When
                toggled OFF the last payment will be a
                `normal' payment, and any remaining
                principal balance unpaid will be printed
                at the bottom of the printout.

COMMAND BUTTONS Three command buttons are available:
                [Remember to use the TAB key to navigate
                these buttons from the keyboard - a mouse
                click or access key automatically executes
                the command]
                Okay (ALT-O)
                       accepts the values shown and opens
                       a PRINT window, giving you the
                       option to print the schedule on a
                       printer (LPT1) or the screen, or
                       Cancel the operation and return to
                       the Amortization window.
                Clear Values (ALT-V)
                       clears all input entered and
                       returns to the startup default
                       values.
                Quit (ALT-Q or ESC)
                       and moves control to the next open
                       window or the Main Menu.
