P A Y O F F v 2 . 0 S h a r e w a r e D i s k PAYOFF Version 2.0 includes several new features and improvements, among them: - completely revised user interface - help screens - new file management system - continuously scrollable payment table window - new loan statistics feature - balloon payments - other "under the hood" improvements - an on-disk USER's GUIDE This shareware program is fully functional, with two limitations: - it will not accept interest rates outside the range 8-10 % per year - the loan term cannot exceed 15 years - also, the Help file is a shortened version of Help in the unrestricted program To run PAYOFF, copy all files on the distribution diskette onto your hard disk drive, preferably into a separate subdirectory. Change your default directory to that subdirectory, and type PAYOFF or PAYOFF2 followed by "Enter" to execute the program. You can also run the program from the floppy disk by issuing the same command line at the "A:" prompt (assuming you're using the A floppy drive). After the Payment Table Window opens (it tabulates the loan on a payment-by-payment basis), scrolling through the Help file will familiarize you with PAYOFF. The GETTING STARTED section contains a brief tutorial that you should run. Help is accessed by pressing "F1" in the Payment Table Window. Files on the distribution diskette with the extension ".TXT" are ASCII text files that contain additional information about PAYOFF and sample cases. Please TYPE or PRINT those files to read them. You can also type or print the entire help file. Its name is PAY2HELP.$$$, and it too is an ASCII text file. There is no restriction on your use of this shareware program and associated files and materials, including copying and distributing to others, as long as all files are copied in their entirety and distributed together. However, no executable file or program nor any portion thereof may be included in any other file or program without express written authorization. Use of text files is unrestricted. Thank you for taking the time to run the PAYOFF Version 2.0. We hope you find it interesting and informative. Please contact Phadean at (508) 869-6077 if you have any questions. - - - - - - - - P A Y O F F O r d e r F o r m To order an unrestricted copy of PAYOFF Version 2.0, you can print a copy of this order form, complete it, and mail it with your remittance of $49.95 plus S&H (see below) to: Phadean Engineering Co., Inc. P. O. Box 611 Shrewsbury, MA 01545-8611 Diskette Size (Circle One): 5.25" 3.5" Date:_____________ Name:______________________________________________ Address:___________________________________________ ___________________________________________ ___________________________________________ S&H is $4.75 for destinations within the USA, $5.75 for Hawaii and Canada, and $8.75 elsewhere worldwide. Please allow 2-3 weeks for delivery. - - - - - - - - P A Y O F F v 2 . 0 L o a n A m o r t i z a t i o n S o f t w a r e Have you ever borrowed money? For a car? Tuition? To finance a house? Have you wondered exactly how much is saved by prepaying a mortgage? And what's the best strategy? Is your business seasonal, resulting in wide cash flow variations? If you answered "yes", then PAYOFFtm can save you (and your clients) hundreds or thousands of dollars. PAYOFF helps you meet your financial goals while saving money by helping you analyze different borrowing options. PAYOFF is a loan analysis program for accountants, business people, realtors, financial advisors & planners, bankers, lawyers - anyone who needs to know the cost of borrowing money and the options for doing so. PAYOFF gained national recognition in the article "Skipped-Payment Loans", Inc. Magazine (September, 1992). PAYOFF allows you to quickly compare different loans and analyze their amortization (repayment) schedules on a payment-by-payment basis. It's easy-to-use, and it's the most powerful and flexible program of its kind! For example: PAYOFF tells you exactly how much interest you save by prepaying against the principal in a loan (you'll be surprised at how much!). PAYOFF can help you decide which loan is better: - 30 year fixed mortgage vs. variable rate - 30 year mortgage with 1.5 points vs. 15 yr, no points - prepaying $100 monthly vs tapered accelerations - auto manufacturer's 2% financing vs $1,500 cash rebate - 3 yr car loan at 10% vs. 5 yr loan at 8.5% with rebate - and these are just a few examples of what PAYOFF does! PAYOFF is the only loan amortization program that lets you combine the following special payment features in any way you want: - variable interest rates - prepayment of principal (accelerations) - contract and random skips (complete or I-only) - balloon payments (any amount, any payment) PAYOFF also includes several other helpful features: - points (prepaid interest) & monthly payment table - loan statistics, including effective rate - calendars & days between/after/before dates - scrollable payment table window PAYOFF requires PC/compatible computer, DOS 2.0 or higher, and 256K RAM; a color monitor is recommended. PAYOFF and Time Traveler are trademarks of Phadean Engineering Company, Inc. - - - - - - - - P H A D E A N E N G I N E E R I N G C O . , I N C . P. O. Box 611, Shrewsbury, MA 01545 USA 508-869-6077 NEWS... NEWS... NEWS... NEWS... NEWS... FOR IMMEDIATE RELEASE: May, 1993, Boylston, MA Phadean Engineering Company, Inc., announces the Shareware Version 2.0 of its popular PAYOFF Loan Amortization Software, which gained national recognition after appearing in Inc. Magazine [1]. Version 2.0 includes a completely revised user interface, help screens, a new file management system, a continuously scrollable payment table window, a new loan statistics feature, balloon payments, other "under the hood" improvements, and an on- disk USER's GUIDE. And the Time Traveler calendar and time management utility is now callable as a menu item. PAYOFF is a powerful financial analysis and planning program that calculates payment-by-payment loan amortization (repayment) schedules. It provides unequalled computational power and flexibility by combining features not available in any other program. In addition to standard loans, PAYOFF allows the user to specify any sequence or combination of variable interest rates, accelerated payments (prepayment of principal), balloon payments, or skip payments (both contract and random). PAYOFF's unique Skip Payment Loan capability is especially useful for businesses and individuals desiring to level cash flow by offsetting income fluctuations. SPLs, which are common in seasonal industries, such as construction, tourism, and retailing, are easily and quickly analyzed with PAYOFF. PAYOFF is widely used by individuals, accountants, business women and men, financial advisors and planners, attorneys, realtors, bankers, loan and mortgage originators - in short, anyone who needs to know: - the cost of borrowed money - money saved (or spent) with different strategies - options available for setting up loans - the details of how borrowed money is repaid, along with summary financial statistics There is no registration fee for using the shareware copy of PAYOFF Version 2.0, which accepts a restricted range of interest rates and loan terms. The fee for an unrestricted copy is $49.95, plus shipping and handling. Please read the file INFO.TXT on the Shareware diskette for additional information. [1] "Skipped-Payment Loans", Inc. Magazine, Sept. 92, p 40.