The input area can
accommodate up to 3 different payment conditions, each with its own
term and interest rate. By far the majority of cases need only
one, where the interest rate does not vary and the loan is unchanged
for the term.
If payments are known,
the program will use them; otherwise it will calculate the payment on
the basis of interest rate and term. Options for the output are:
Number of lines.
This will default to full display if left blank
Starting month and
year. Each payment will show the date starting with this one.
Options to print or not
to print cumulative year-to-date and lifetime interest amounts.
Option to display the
output on the provided grid, or to spool it onto a text file, named
The program calculates a
yield when a beginning and ending dates, and beginning and ending
values are known. On the other hand if yield is known together
with the beginning date and value and the ending date, it will
calculate the ending value. The yield is based on monthly
If instead of a fixed
beginning amount, we have a stream of money at regular or irregular
intervals, these can be input into a text file in the application
folder, called "Yield.txt", and the file option is
selected. The format for the file should be a series of
dates and amounts separated by a comma, thus:
On the other hand if
input stream is a repetition of amounts entered at regular intervals,
you can enter the first one as above followed by a line that tells it
to repeat it, thus:
The second line has the
key word "repeat", followed by the number of repetitions, followed by
the interval, and finally the unit. In this case the number of
repetitions is 12, the interval is 1 month. The letters "d" could be
used for days and "y" for years.
Again, either ending
value or yield must be known.