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FILES792.TXT
Disk No: 792
Disk Title: Home Loan (Your Financial Analyst)
PC-SIG Version: S2.1
Program Title: Home Loan (Your Financial Analyst)
Author Version: 2.2
Author Registration: $35.00
Special Requirements: None.
HOME LOAN/Your Financial Analyst is a versatile financial management
package with four major financial modules -- Loan calculator, Equity
calculator, Amortization Table generator and Financial Planner.
The loan calculator allows you to calculate monthly loan payments based
on the interest, loan amount and the loan term. (You can enter any
three of the four values and the module will calculate the fourth
value.) A payment table is displayed to reflect the interest or term
change on your loan payment.
The equity calculator keeps track of the equity in your home and
calculates the amount you can borrow against your home and keep the
interest tax deductible.
The amortization module generates an amortization table of loan
payments. For each payment, a table displays the amount of payment that
goes towards the interest and the amount that covers the principle.
Prepayments and balloon payments can be included.
The financial planner performs annuity, present value and future value
calculations for your investments. This module provides specific tables
for retirement planning, college cost planning and IRA planning.
YOUR FINANCIAL ANALYST has an additional feature for professional users
that allows you to print your name, address and phone number on all
hardcopy reports. The program is completely menu-driven and has pop-up
help screens for all modules.
File Descriptions:
HL EXE Introduction and copyright notice.
BRUN30 EXE Quick Basic Compiler.
FINANCE EXE Program for financial planning.
SETUP EXE Program for name, address set up.
CALC EXE Main program for YOUR FINANCIAL ANALYST.
FINANCE DOC Documentation for the program.
OTHER DOC Documentation for other HomeCraft software.
INTRO DOC Introduction to the program and files.
MENU OVL Overlay file.
PRINT BAT Batch file to print the documentation.
READ ME Brief introduction to the program.
NAME DAT Data file used by set up.
VALUE DAT Data file used by equity calculator.
LOAN HLP Contains help screens.
PC-SIG
1030D East Duane Avenue
Sunnyvale Ca. 94086
(408) 730-9291
(c) Copyright 1988 PC-SIG, Inc.
FINANCE.DOC
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Y O U R F I N A N C I A L A N A L Y S T
(THE HOME FINANCIAL CALCULATOR)
Created By:
Steve Hudgik
HomeCraft Computer Products
P.O. Box 974
Tualatin, OR 97062
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Copyright 1988 by
Steven C. Hudgik
All Rights Reserved
INTRODUCTION
Are you thinking of buying a car and you'd like to see what
your monthly payment would be? Maybe you'd like to find out how
much sooner your mortgage will be paid off if you add $10 a month
to your payment; or how much money you can save by refinancing
your mortgage at a new, lower interest rate. All of these
questions can be answered by YOUR FINANCIAL ANALYST (YFA).
YFA can show you various aspects of almost any type of
loan, based on information you enter. For example, enter the
amount of the loan, interest rate and term (number of years the
loan is for) and YFA will give you the monthly payment.
You can also enter the monthly payment you'd like to have, the
interest rate and the term, and YFA will tell you how much
you can borrow.
Plus, YFA has a finacial planning section that can help
you with retirement planning and planning for your children's
college education.
HELP screens are provided throughout YFA. If you ever
reach a point at which you don't know what to do, just enter a
question mark (?) to see the HELP screen. While they can't
provide all of the detail contained in this manual, we have
included important points and answers to common questions.
We hope that YFA proves to be a valuable asset to you.
If you should have any problems or would like to offer any
comments, please feel free to contact us.
Hardware/Software Requirements
To operate this version of YFA you need an I.B.M. PC,
XT, AT or compatible with 192K of memory and PC/MS-DOS version
2.0 or later.
If you wish to get a print-out, then a printer with a
minimum 80 column width is required.
Booting YFA
To use YFA put a copy of the YFA disk in the A
disk drive, type HL and push ENTER.
Using YFA On A Hard Disk
To use YFA with a hard disk, use COPY to copy all of
the files on the YFA disk. Once the files have been
copied, you can boot up YFA by typing the letters "HL" at
the system prompt and pushing ENTER.
USING YOUR FINANCIAL ANALYST
At any point in YFA, if you need to know where you are
and what you should do next, you can push F8 or enter a question
mark. This will display a HELP SCREEN containing information
about YFA and the type of information you are expected to
enter at that point.
Also, throughout YFA you can generally push F9 to exit
from whatever you are doing. This will bring you back to the
last function or menu you were using.
NOTE: In most cases the amounts calculated by YFA should be
taken as estimates only. YFA is designed to help you plan
for the future, however, there is no one who can accurately
predict future interest rates or inflation. Be prepared to use
YFA on a continuing basis to update and change your plans
to meet your current circumstances.
The menus throughout YFA are set up so that you can
make a selection either of two ways. When the menu first appears
the top selection will be highlighted by a light bar. The light
bar can be moved up and down through the menu by using the
up/down cursor keys. To make a selection using the light bar,
move the bar to the function you want to use and then push ENTER.
The second way to select a function on the menu is to push
the number corresponding that that function.
Now let's take a look at the functions listed on the Main
Menu.
<1> Loan Calculator
This first item is the Loan Calculator. Push #1 and a menu
will appear that provides several ways for you to get information
about a loan.
<1> Calculate Payment
The first item on the Loan Menu is "Calculate Payment." Push
the #1 key and you will then be prompted to enter the amount of
the loan. Please remember that commas should not be used when
entering amounts. A comma will cause YFA to get confused
and the wrong value for the loan amount will be entered.
You'll next be asked for the interest rate. Interest rates
from as low as 1% up to a maximum of 30% may be entered.
The final prompt asks for the term of the loan. YFA
can handle loans that run anywhere from 1 year up to 40 years.
The monthly payment will now be calculated and displayed.
You'll also see a new prompt line that says; "<M>ain Menu or
print a table based on varying <I>nterest Rates or <T>erm."
If you push the letter M, you'll be returned to the Main
Menu.
Table Of Interest Rates
Suppose you are thinking of borrowing some money, but you're
not sure if you should wait for the interest rates to go down (on
the other hand they may be heading upward). Push the letter I
and YFA will display a table showing the monthly payment
for your loan plus the payments for terms both greater and
shorter than you selected. In addition, the payments for four
other loan amounts will be displayed ($2000 and $4000 more and
less than the amount you entered).
You could have also pushed the letter I. This would display
a similar screen that shows the effect of various interest rates
on your loan.
With either table on the screen the prompt at the bottom
gives you two choices. Push the letter P to print this table (BE
SURE YOUR PRINTER IS TURNED ON), or push any other key to return
to the Main Menu. It is important that your printer be turned on
if you are trying to get a printed copy of this table. If your
printer is off, the program will hang up and nothing will happen
until the printer is turned on.
<2> Calculate Term
The next item on the Main Menu allows you to calculate the
term of a loan. Push the #2 key and you'll be prompted to enter
the amount of the loan.
Next you'll be asked for the interest rate and the last item
is the monthly payment you'd like to have. The same range of
interest rates and terms as described previously can be used
here.
<3> Calculate Principle Amount
The next item on the Main Menu, Calculate Principle Amount,
is very similar to the one we just looked at. You'll be prompted
to enter the interest rate, term and the amount of the monthly
payment. YFA will then tell you how much money you can
borrow.
<4> Amortization
Item 4 on the Main Menu is used to create an amortization
table. This type of table will show you how much of each monthly
payment is being used to pay interest and how much goes toward
paying off the principle.
To get the information it needs YFA will first ask you
for the amount of the loan, the interest rate and the term. This
information is entered in the same way as we've already discussed
for the other functions. The next prompt will ask if you have
prepaid any part of the principle. For now push the letter N,
for NO, and we'll come back to this function later.
YFA will now take a few seconds to calculate a
amortization table. When complete, you'll be asked for the first
monthly period of a twelve month period or for the year for which
you would like to see the amortization table. The up and down
cursor keys are used to put the cursor next to either the prompt
for a monthly period or for the year.
The amortization table displayed by YFA covers a 12
month period. If you use the down cursor key to move the cursor
to the line asking for a year, and you enter the number 1, you'll
see a table showing the first year of the loan. Entering the
number 2 will show the second year and so forth.
If you leave the cursor on the payment number line, and enter
the number 1, the amortization table will show 12 months starting
with the first month. If you enter the number 2, the table will
show months 2 through 13. Let's look at an example.
Prepayments
Now let's find out how loan pre-payments are handled by
looking at an example.
Push F9 until you return to the Amortization screen that asks
for the amount of the loan. Enter the same loan amount, interest
rate and term that we've been using ($50,000 - 11.25% - 15 yr).
You should now be at the prompt that asks about prepayments.
Some loans allow you to pay off portions of the principle
early. For example, if your monthly payment is $100, you could
send in $110 for one month and the extra $10 would be deducted
from the principle. If you add enough extra to your monthly
payments, you can pay off a loan early and save, in some cases, a
substantial amount of interest. Even adding $10 to one monthly
payment will result in some savings.
If you have prepaid some of the principle or would just like
to see what would happen if you did make a few prepayments, push
the "Y" key in response to this prompt.
You'll be asked to enter the payment number and the amount
you paid in excess of your normal monthly payment. (NOTE: To
determine the payment number count the number of months since
your first loan payment). When you've finished entering the
information for all of the prepayments you've made, then push F9
instyead of a payment number. The amortization table will now be
calculated taking into account the prepayments you've made.
If you make a mistake and happen to enter the wrong payment
number, just enter zero for the amount and there'll be no effect
on the amortization table. If you make a mistake in entering the
amount, re-enter the same payment number again and then the
correct amount.
A Prepayment Example
Let's suppose you have a four year loan for $1000 at 10%
interest. This loan will have 48 payments (4 years X 12 months
per year). If you included an extra $10 in payment 8 and $25 in
payment 11, you should enter that information as shown in the
illustration to the left. Now when the amortization table for
the first year is displayed, the amount of the prepayment will be
shown in the right hand column and the effect of those
prepayments will be calculated into the amortization table.
I would also like to mention that this feature of YFA
can be used to do "what if" calculations. For example, what if
you added $100 to next month's mortgage payment? What if you
added $100 to the next five payments? How much sooner would your
mortgage be paided off? (The amount shown in the amortization
table goes to zero when the loan is paid off).
Setup
If you own a business in which you'd like to make use of Home
Loan to provide information for your clients, then YFA has
a feature you might find useful. The SETUP feature allows you to
enter your name, address, phone number or any other information
you'd like. Up to 6 lines, each fourty characters long, may be
entered. This information will then be printed at the bottom of
all of the printed reports generated by YFA allowing your
customers to see who provided the information for them.
When you press #6 for SETUP on the Main Menu, YFA will
display six blank lines. Type in the information you'd like to
have printed at the end of each YFA report just like you
would using a word processor. When you're finshed push the
ESCape key and a menu will appear.
To save the information you've just entered, push the F1.
If you've made any mistakes and would like to start over,
push the F4 to return to the editor.
If you do not want to have anything printed on the YFA
reports, then push F5. This will erase the information stored on
the disk. When the the blank entry lines come on the screen push
the F10 key to return to the Main Menu.
FINANCIAL PLANNING
The next item on the Main Menu, number 6, gets us into some
additional Financial Planning functions provided by YFA.
Of course, the loan calculation and amortization tables we've
already discussed are valuable financial planning tools. This
next section expands the tools available to you by adding the
ability to do various financial calculations and to plan for your
retirement and your children's college education. With the
Loan Calculator Menu (Main Menu) on the screen, push number "6."
The menu that appears will have six choices.
Value Of An Annuity
You may have heard the term "annuity" mentioned when someone
wins a big jackpot in a state lottery. If a million dollar prize
is awarded, the winner never gets the $1,000,000. Million dollar
lottery winners usually get $50,000 per year for twenty years -
for a total of $1,000,000. This is called a twenty year, million
dollar annuity.
An annuity is nothing more that a specific amount of money
paid for a set number of years.
Are You Really A Millionaire?
Let's assume you've won the lottery and you've become a
"millionaire." Let's find out how much that prize is really
worth and what it costs the state lottery. Push #1 and we'll
determine the value of this annuity.
The first prompt asks for the amount of the yearly annuity
payment. Since the $1,000,000 prize actually pays $50,000 per
year for 20 years, enter 50000. DO NOT USE COMMAS WHEN ENTERING
AMOUNTS GREATER THAT 999.
Next you'll be asked for the interest rate you could earn if
this money was invested or put in the bank. This rate will vary
depending on when you're reading this and how you want to invest
your money. For this example let's assume you can get 8%
interest, so enter the number 8.
At the next prompt enter the number 20, as you'll receive
payments for twenty years.
The last prompt allows you to get a printed copy of the
annuity table that will be generated. If you want a printed
report push the letter "Y" and BE SURE YOUR PRINTER IS CONNECTED
AND TURNED ON. For now we don't need to get a printed copy of
this report, so push the letter "N."
Here's the answer to our question. To pay you the million
dollar prize the state lottery only needs to put $490,907.37 in
the bank at 8% interest. That's right, you're not a millionaire.
The actual value of the million dollar prize is less than half a
million dollars. If we don't figure the effect of taxes, you'd
be better off taking half a million dollars now instead of the
million dollar, twenty year annuity.
The Annuity Table
Taking a look at the table that should now be displayed on
your screen, first notice that each screen can display 15 years.
To see the next 15 years push any typing key. To return to the
menu push F9.
The left column gives you the amount of money in the annuity
account before that year's payment is made. The middle column
tells you the amount of interest earned by the amount show in the
left column. The right hand column gives the amount of the
annuity payment, which is made at the end of the year.
Getting Back To The Menu
After the last page of the annuity table has been displayed
you'll be returned to the prompt that asks for the amount of the
yearly annuity payment. To exit back to the menu push F9.
As is true anywhere in YFA, you can also push F10 to
return directly to the Main Menu.
Net Present Value
Item two on the menu will calculate the amount you need to
invest now in order to have a specified amount at some time in
the future. In other words, it will tell you how much an amount
of money at some time in the future is worth to you today.
Let's look at an example.
We'll assume that you used to be a member of a retirement
plan that will pay you $1000 when you retire in twenty years.
This benefit is guaranteed, even though you are no longer a
member of the plan. In today's mail you received a letter from
the retirement plan that says they would like to reduce the
number of inactive members. They'll pay you $250 now instead of
the $1000 when you retire. What should you do? A thousand
dollars is a lot more that $250, but you have to wait twenty
years to get it. Push #2 and we'll get the answer to this
question.
The first prompt asks for the future amount. For this
example that would be 1000.
Next you'll be asked for the interest rate. We'll use the
same assumption as for the previous example. Enter 8.
The third prompt asks for the "number of years." You should
enter the number of years it will be until you receive the future
amount, in this case 20 years.
Once again the last prompt asks if you want a printed report.
Push the letter "Y" this time, just to see how the printer
reports look. (If you don't have a printer connected to your
computer, then push "N"). BE SURE YOUR PRINTER IS TURNED ON.
Is It A Good Offer?
It looks like the retirement plan's offer of $250 is a good
deal. The present value of the $1000 you'll receive in twenty
years is $214.55. Thus you are being offered more than what
you'll have if you wait. Of course, this calculation is very
much dependent on the interest rate you assume. If you go back
and have YFA do the calculation again based on a 7%
interest rate, it turns out that you should not accept the offer
of $250. For this reason you may want to do a calculation
several times, with different interest rates, before you make
your final decision.
A table should now be on the screen. This table shows how
$214.55 grows to $1000 in twenty years. The table can display 15
years per screen and pushing any key will advance you to the next
screen.
I'd Like To Have $10,000 Ten Years From Now
Another use for the Net Present Value calculation is to
determine the amount of money you'd need to invest today in order
to have a specified amount at some time in the future. For
example, how much would I need to put in the bank today, at 5-
1/4% interest, in order to have $10,000 in ten years?
Entering 10000 as the future amount, 5.25 as the interest
rate, and 10 for the number of years, we see that $5994.87 would
need to be invested now.
Push F9 until you get back to the Finacial Calculator Menu.
Future Value
Item three on this menu will tell you how much an amount
invested today will be worth at some time in the future.
Let's assume that you have $1000 you want to invest today.
If you put it in the bank at 5-1/4% interest, how much money will
you have in five years?
At the first prompt of the Future Value calculation screen
enter 1000 as the amount to be invested.
The next prompt asks for the interest rate. You should enter
5.25 for this example.
The third prompt asks for the number of compounding periods
per year. If you've put your money in an account that pays daily
interest, then you should enter 365 here (360 in Canada). If
interest is paid once as year, then enter 1 here. For this
example we'll assume that interest is paid quarterly, so you'll
need to enter 4 as the number of compounding periods per year.
The last prompt asks for the number of years until you expect
to withdraw your investment. For this example that would be
five years, so enter the number 5.
Push the letter "N" in response to the prompt that asks about
printed reports. If you do say yes (push the letter "Y"), then
be sure your printer is connected and turned on.
The table that appears next tells you that you'll have
$1297.96 (lower right corner of the table) at the end of five
years. This table also displays the amount of interest earned
each year and the amount of money you have in the account at the
end of each year.
The line just below the table gives the total amount of
interest earned over the five years as $297.96. This means that
your original $1000 has grown by 29.80% due to the interest
you've earned.
Push F9 until you return to the Finacial Calculator Menu.
RETIREMENT PLANNING
We're ready to move on and look at the retirement planning
section. Push number 4 to bring up the retirement planning
screen.
The cursor can be moved up and down on this screen by using
the UP/DOWN cursor keys. When the cursor is on the bottom line
it can also be moved left and right by the LEFT/RIGHT cursor
keys. As you are moving the cursor around on the screen it will
only move to those lines on which you can enter information. For
example, as you move the cursor down it will skip over the "total
monthly income" line. The amount shown on this line is
calculated by the retirement planner and thus you can not enter
anything on this line.
Let's go to the top of the screen and discuss each line.
Desired Monthly Retirement Income
The top line is used to enter the amount of retirement income
you'd like to have, in current dollars. In other words, you
should enter the monthly income you'd like to have if you retired
today. However, keep in mind that when you retire your kids will
not be living with you (hopefully) and you may have paid off your
mortgage, so don't figure those expenses into your money income.
We've set up the retirement planner so that you enter your
desired retirement income in current dollars so that you will not
need to calculate the effect of inflation. After you've entered
the number of years you have before you retire, your desired
monthly income will be adjusted for inflation and that amount
will be shown on the line in the lower right of the screen called
"Desired Monthly Income At Retirement." To see how this works
enter $1000 as your desired monthly income in current dollars.
Notice that nothing has changed on the screen yet. The
retirement planner does not know how many years to use in
calculating your desired income at retirement. Use the down
cursor key to move the cursor to the bottom line and enter 20 as
the number of years until retirement.
Your desired monthly income at retirement is $3207.14.
Notice that the lines that tell you the amount you'll need to
invest now and the amount you'd need to invest each month still
show a zero amount. These amounts are calculated by the
retirement planner. The top one tells you the lump sum
amount you'd need to have in the bank now in order to have the
desired income at retirement. The lower one tells you the amount
of money you need to invest each month in order to have enough
invested at retirement to produce the income you desire.
Both of these amounts are zero because the retirement planner
needs to know how many years of retirement you are planning on.
The cursor should be on the "years of retirement" line, so let's
assume you'll be retiring at 65 and you plan to live to be 100.
That means you'll have 35 years of retirement. Enter 35.
You can now see that you need to have $223,975.57 in the bank
today, to produce a retirement income of $3207.14 per month
starting 20 years from now and lasting for 35 years.
If you don't have any retirement money in the bank, saving
$3207.14 per month, for the next 20 years, will give you enough
money at retirement to have the desired retirement income.
Before we go on let's find out what assumptions are used in
calculating these numbers.
Assumptions
The retirement planner makes two very important assumptions:
inflation will average 4% per year and you'll be able to get a 6%
return per year on your investments. As I'm writing this in 1986
we've just finished a period of double digit inflation and very
high interests rates, so you may be wondering why 4 and 6 percent
are used.
These two numbers are based on long term historical averages.
There have been times when these numbers have been greatly
exceeded and other times when inflation and interest rates have
been less. As long term averages these numbers should be fairly
accurate.
Pension Income
The way the numbers appear now it looks like you need a lot
of money in the bank to achieve a very modest retirement income.
However, there's more information we need to enter to make the
calculation complete. Move the cursor to the line monthly income
that says "FROM PENSION."
If you are a member of an employer sponsored pension plan, or
have a vested interest in a pension plan with a former employer,
then you should receive statements that give your projected
income from the pension plan(s) at retirement. Enter the total
of those numbers here. If you have no vested interest in a
company sponsored pension plan, then do not enter anything here.
For this example enter $200.
Notice that both the amount you would need to invest now and
the amount to invest each month have both decreased to reflect
the effect of your pension income.
Social Security Income
The next line is used to enter your anticipated retirement
income from Social Security. The amount entered on this line
will vary depending on your past income and circumstances.
You may have also received a projection of your
Social Security benefits from your employer as a part of
your employer's report on your benefits. For the example we're
working on we'll assume a Social Security benefit of $2,378.
As you can see, when the monthly income from Social Security
was entered, both the amount need to invest now and the monthly
amount to invest decreased substantially. This happened because
the actual Total Monthly Income increased to $2578, which is
getting close to your desired monthly income of $3207.14.
Investment Income
This line can be used to enter the income (or interest) from
any investments you expect to have at retirement, in addition to
your retirement savings. DO NOT INCLUDE THE INCOME FROM
RETIREMENT SAVINGS. THAT INCOME IS ALREADY INCLUDED IN THE
CALCULATIONS. This could be income from stocks, a limited
partnership, or from a savings account. These should be
investments that you do not plan on cashing in. For example,
let's assume that you have $5000 set aside for emergencies and
you do not plan on ever spending this money (hopefully). If you
receive $300 in interest on this money each year, you can include
$25 per month (300 divided by 12) as a part of your actual
retirement income. Enter 25 on the Investmen Income line.
Insurance And Annuity Income
The final monthly income line is used to enter income you'll
be receiving from insurance policies or annuities. We'll assume
that you have a whole life insurance policy that pays a $1200
($100 per month) annuity upon your retirement. Enter 100 on
this line.
Retirement Savings
The cursor has advanced to the final line that we need to
enter information on, "Amount Of Money In Retirement Savings
Now." You should enter the amount of money you currently have
set aside for retirement. It could be in an IRA or KEOGH plan,
or it might just be a regular savings account. If both you and
your wife have been putting $2000 into an IRA, you might have
about $14,000 now, so enter 14000 on this line.
Your Retirement Plan
Based on the figures you've entered you need to have an
additional $21,207.35 in the bank, or you need to save $115.46
per month in order to reach your retirement goal. Since you are
already saving $333.33 per month with your IRA contributions of
$4000 per year ($2000 each for you and your spouse), the
retirement income goal you've set is very modest. If you
don't change the amount of money you're putting into your IRA,
what amount of retirement income can you expect?
Move the cursor up to the top line and try increasing your
desired income. First try $1200 per month. Notice that this
increases the monthly amount you'd need to invest to $359.34, a
little more than you are putting into your IRAs now.
Try $1180 as a desired monthly income. This will require you
to save $334.96 per month, just about what you're saving now.
You can also see that you should have an income of $3784.42 per
month when you retire, that's what an average of 4% inflation for
20 years has done to $1180.
Printed Reports
You can get a one page printed report containing the
information on the screen at any time. Just push the letter "P."
BE SURE YOUR PRINTER IS CONNECTED, TURNED ON, AND HAS PAPER
IN IT.
To return to the Financial Calculator menu push the F9. To
return to the main YFA Menu, push F10.
COLLEGE PLANNING
With the Financial Calculator Menu on the screen push the #5
key to select "College Planning."
This screen allows you to calculate the amount of money
you'll need to save, if you are planning on sending your kids to
college. The calculations are based on a historical average
increase in college costs of 5% per year and the assumption that
you should be able to get at least 6% on money you've invested.
The cursor can be moved around on the screen by using the
UP/DOWN cursor keys. The cursor will only move among the top
four items, the bottom two items are calculated by the college
planner.
Public or Private College?
When you start the cursor should be on the word "PUBLIC" in
the top line. This line allows you to toggle the setting between
public colleges and private colleges. Changing this setting
changes the default value for the current cost of college. Push
any typing key to toggle the setting between public and private.
For the example we'll be looking at here, set this line to
"PUBLIC."
Your Child's Age
Enter the age of your child on this line. The college
planner assumes that your child will be entering college at age
18 and uses the age you enter here to determine the number of
years until your child is eighteen. If you are planning on
sending someone to college after they turn 18, then you'll need
to determine the number of years until they'll be going to
college, subtract that number from 18 and enter the result as the
age of the child. (If you'll be putting your 56 year old mother
through college starting in 5 years, enter 13 as the age).
For this example enter 3 as the age.
Current Yearly Cost
There will be a default value of $6175 on this line. This is
the average cost of a public college for the 1988-89 school year.
If you had toggled the setting for a private college, then the
amount shown on this line would be $12,511.
You do not have to use the default settings. If you have an
idea of the cost for the college you want this child to go to,
enter that on this line. Do not enter the cost someone is
projecting for when your child gets to the school. Enter the
average yearly amount it costs to go to that school today. Of
course, as this software becomes less current you will need to
enter a number different from the default setting to reflect the
overall increase in college costs. You can plan on a 5-6%
increase in college costs per year.
In this example we'll leave the current yearly cost at the
default setting of $6,175.
Amount Of Money Saved
The fourth line is used to enter the total amount of money
you already have set aside for this child's college education.
For example, you might have set up a separate saving account for
the child. If that account has $400 in it, then you should enter
400 on the "Amount Currently Available" line. Enter 400.
The Results
If you were watching the screen as you entered the various
numbers, you would have seen the amounts on the bottom two lines
changing. They should now be giving you the total cost
of four years of college and the amount you need to save each month
to have that much money when your child starts college.
A printed copy of this report can be obtained by pushing the
letter "P."
Push the F9 to return to the financial calculator menu or F10
to return to the main YFA menu.
IRA PLANNING
The IRA Planner will calculate the amount you will have in
your IRA at retirement based on a regular yearly savings plan.
Three prompts will appear one at a time.
The first prompt asks for the amount you will be investing in
your IRA each year. Amounts up to $1,000,000 can be entered.
Next you'll be asked for the average annual interest rate.
Since none of us has a 100% accurate crystal ball this number is
your guess at what the average interest rate will be between now
and your retirement. Don't base your judgment on where interest
rates are today (expect for "what if" calculations), as today's
interest rates may not be realistic for the long term.
Historically interest rates on long term, highly secure
investments, has been in the 6 to 7% range. (The maximum rate
YFA can handle is 33%).
The final prompt asks for the number of years you have until
you expect to retire. If you plan to retire before you stop
making deposits in your IRA, then this number would be the number
of years until you stop making deposits. The maximum number of
years that can be entered is 70.
YFA will now calculate the value of your IRA when you
retire. The maximum amount that can be displayed is $10,000,000.
THE END
This concludes our look at YFA. This software provides you
with a great WHAT IF... tool that allows you to explore the many
possibilities for loan configurations and payments and for
planning your financial future. Try experimenting with the
various functions and discover the many possibilities available.
Also, I would like to remind you once again that the
calculations performed by YFA should only be taken as
estimates. No one can predict what future interest rates or
inflation will be. YFA has been designed to help you plan
for the future, but the only thing sure about the future is that
there will be change. So, plan for change and be prepared to
change your plans as circumstances change.
YOUR FINANCIAL ANALYST was created by: Steve Hudgik
HomeCraft Computer Products
P.O. Box 974
Tualatin, OR 97062
This manual and software are copyrighted (copyright
1988 - Steven C. Hudgik). We grant permission for this manual and
associated software to be copied for non-commercial purposes
only.
This software has been placed in circulation under the
user supported concept. Non-profit groups and individuals
are encouraged to make copies of this disk and distribute it
to their members and friends as long as the software is
provided at no cost. A distibution charge, not to exceed $10,
may be charged only with the express written permission of
the author and copyright holder.
Under the user-supported concept, you are given a
complete, working software free. If you find you are using
this software, a contribution of $35 is suggested. The money
will cover the cost of bug fixes, improvements, postage,
telephone bills, etc.
The contribution will make you a registered user. As a
registered user you are entitled to updates, support, and a
current copy of the user's manual and software.
A registration form can be displayed and printed from a
prompt on the Main YFA Menu. Or send $35 with your
name, address, computer type and the name of this software
to the address given above. Please add $3.00 for shipping,
$5.00 for shipment by airmail outside the U.S.
h
GO.TXT
╔═════════════════════════════════════════════════════════════════════════╗
║ <<<< Disk #1792 HOME LOAN/YOUR FINANCIAL ANALYST >>>> ║
╠═════════════════════════════════════════════════════════════════════════╣
║ To start HOME LOAN, type: HL (press enter) ║
║ To start YOUR FINANCIAL ANALYST type: FINANCE (press enter) ║
║ ║
║ To print HOME LOAN documentation, type: ║
║ COPY INTRO.DOC PRN (press enter) ║
║ To print YOUR FINANCIAL ANALYST documentation, type: ║
║ PRINT (press enter) ║
╚═════════════════════════════════════════════════════════════════════════╝
INTRO.DOC
HOME LOAN
(THE HOME FINANCIAL CALCULATOR)
VERSION 2.20
HomeCraft Computer Products
P.O. Box 974
Tualatin, OR 97062
(503) 692-3732
This disk contains version 2.20 of Your Financial Analyst
dated 12-03-88. This disk contains the following files:
HL.EXE - Introduction and copyright notice
CALC.PGM - Main Menu and program
SETUP.PGM - Name and Address Entry
LOAN.HLP - Help screens
*.DOC - Introduction and documentation
VALUE.DAT - Data file used by Equity Calculator
NAME.DAT - Data file used by SETUP
MENU.OVL - File required to run program
BRUN30.EXE - File required to run program
****************************************************************
****************************************************************
****************************************************************
YOU'VE HEARD IT SAID THAT KNOWLEDGE IS POWER.
THIS IS ESPECIALLY TRUE ANYTIME YOU'RE MAKING A PURCHASE THAT
INVOLVES FINANCING. THE SALESMAN USUALLY HAS THE ADVANTAGE
BECAUSE HE HAS THE EXPERIENCE AND KNOWLEDGE. HOME LOAN
CAN BE THE EQUALIZER, GIVING YOU THE KNOWNLEDGE YOU NEED.
For example, if you're buying a new $12,000 car and can
get $4500 on your trade-in, should you take the 3.9% dealer
financing, or the $600 discount and finance the car
with a 8.75% loan from the credit union?
Can you afford the monthly payments if you refinance your
30 year, 11.25% mortgage as a new 15 year, 9.5% mortgage - or
should you get a new 30 year mortgage and use the difference
in monthly payments to buy a new boat?
Other features of Your Financial Analyst include:
<> Calculation of the amount of a loan.
(Based on monthly payment, term and interest rate)
<> Calculation of the term of a loan.
(Based on monthly payment, amount and interest rate)
<> Present Value
<> Future Value
<> Value Of An Annuity
<> Amortization tables
<> Retirement Planning
<> IRA Planning
<> College Cost Planning
<> Loan Planning - under the new tax law your home is
your best source of equity for getting a loan. Your Financial
Analyst keeps a running balance of your equity and the amount you
can borrow while maintaining the interest as tax deductible.
SYSTEM REQUIREMENTS: IBM PC, XT, AT or compatible with 192K,
one disk drive, and DOS 2.0 or later.
****************************************************************
****************************************************************
****************************************************************
ADDITIONAL SOFTWARE - PAM
Your Financial Analyst is a part of a larger program that
is desinged as a complete home financial package. It is called
the PERSONAL ASSET MANAGER(tm) (PAM).
Would you like to make balancing your checkbook a simple
task? PAM can do it for you.
Are you sure your home and its contents are adequately
insured? PAM can check it for you.
How much do you need to start saving now in order to be
able to pay for your children's college education? PAM can
calculate it for you.
The HMM Personal Asset Manager (PAM) combines three
software packages, Home Money Manager II, Home Insurance and
Your Financial Analyst into one package - allowing you to
access any one from a single menu.
SYSTEM REQUIREMENTS: IBM PC, XT, AT or compatible with 192K
and DOS 2.0 or later.
SUMMARY OF PAM FEATURES
THE HOME MONEY MANAGER - II (HMM-II) is checkbook and
budgeting software. HMM-II provides 12 check registers plus
12 additional registers for credit cards. Other features include
check printing, over 950 income and expense categories, marking of
tax deductible transactions, a large number of printed
reports, a print to disk capability and more.
HOME INSURANCE is a home inventory and record keeping system
that allows you to keep track of what you own, where it is
located, any identifying marks and serial numbers and its
value. In addition, Home Insurance can make automatic
adjustments for inflation (or depreciation) and it provides a
large number of printed reports and searches.
Home Insurance also provides features to help with your life
insurance planning and insurance record keeping.
YOUR FINANCIAL ANALYST has already been described earlier.
PAM is available for $129.95 from HomeCraft
Computer Products at the address given below.
***********************************************************
***********************************************************
***********************************************************
USER-SUPPORTED SOFTWARE
This software has been placed in circulation under the
user supported concept. Non-profit groups and individuals
are encouraged to make copies of this disk and distribute it
to their members and friends as long as the software is
provided at no cost. However, a distibution charge of up to
$10 may be charged to cover the cost of diskettes, handling
and duplicating.
Under the user-supported concept, you are given a
complete, working software free. If you find you are using
this software, a contribution of $35 is suggested. The money
will cover the cost of bug fixes, improvements, postage,
telephone bills, etc.
The contribution will make you a registered user. As a
registered user you are entitled to updates, support, and a
current copy of the user's manual and software.
A registration form can be displayed and printed from a
prompt on the Main Your Financial Analyst Menu. Or send $35 with
your name, address, computer type and the name of this software
to the address given below. Please add $3.00 for shipping or
$5.00 for airmail shipment outside the U.S.
***********************************************************
***********************************************************
DISCLAIMER
THIS SOFTWARE IS PROVIDED "AS IS," THERE ARE NO WARRANTIES,
EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE
IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A
PARTICULAR PURPOSE, AND ALL SUCH WARRANTIES ARE EXPRESSLY AND
SPECIFICALLY DISCLAIMED. NEITHER HOMECRAFT COMPUTER PRODUCTS
NOR ANYONE ELSE WHO HAS BEEN INVOLVED IN THE CREATION,
PRODUCTION, OR DELIVERY OF THIS SOFTWARE SHALL BE LIABLE FOR
ANY DIRECT, INDIRECT, CONSEQUENTIAL, OR INCIDENTAL DAMAGES
ARISING OUT OF THE USE OR INABILITY TO USE SUCH SOFTWARE EVEN
IF HOMECRAFT COMPUTER PRODUCTS HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES OR CLAIMS.
This disclaimer shall be governed by the laws of
the State of Oregon and shall inure to the benefit of Steven
C. Hudgik, his successors, administrators, heirs and assigns.
MORE INFORMATION
For more information on Your Financial Analyst or other HomeCraft
software products contact:
Steve Hudgik
HomeCraft Computer Products
P.O. Box 974
Tualatin, OR 97062
ontact:
Steve Hudgik
HomeCraft Computer Products
P.O. Bo
OTHER.DOC
OTHER SOFTWARE PUBLISHED BY HOMECRAFT:
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THE COLLECTORS SERIES
All of the software in the collector's series has been specifically
designed for a certain type of collection. Each allows you to catalog
your collection using 21 different characteristics and you can perform
searches based on any combination of the information you've entered.
This series is unique in that each of the programs provides three levels
of operation providing screens for beginning collectors through professionals.
You can change from one level two another via a selection on the main menu.
All of the software in the collectors series has been designed so your
computer does all the work - and it's easy for you to learn and use. Over
half of our users purchased their first computer so they could use one of
the programs listed below.
The following programs are a part of the collectors series:
FOR RECORD COLLECTORS (LPs, 45s, CDs, cassettes, etc.)
FOR RECORD COLLECTORS - CLASSICAL MUSIC VERSION
BOOK MINDER (Books and magazine articles)
FOR COMIC BOOK COLLECTORS (comic books)
FOR PHOTOGRAPHERS (Slides, negatives and prints)
THE VIDEO VEWER (Video tapes & laser disks)
FOR BASE BALL CARDS
THE INFORMATION INDEX (Misc. information such as
recipes, dieting instructions, jokes, trivia,
exercise instructions, etc.).
Plus there's more collector's software on the way!
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HOME FINANCIAL SOFTWARE
Home Money Manager II - Checkbook and budgeting software designed specifically
for the home user. In addition to being able to
provide the normal features that most home accounting
has, HMM-II has several unique features. For example,
in addition to split entries, you can also split
your checking accounts; each portion of a split entry
can have its own memo; there are four editors that
allow you to make changes at any time; and HMM-II
automatically adjusts itself for use with any micro-
computer printer (including laser printers set for
66 lines per page).
HMM-II prints checks, tracks up to 12 checking accounts
on a floppy disk (plus 12 credit accounts), can handle
ATM and telephone transactions, provides over 950
expense catagories, and allows tracking of tax
deductible expenses.
Home Loan (The Financial Calculator) - Home Loan not only calculates the
monthly payment for nearly any type loan, it
provides tables showing the effects of various loan
options at a glance. Calculation of amortization
tables, the value of an annuity, present value, and
future value are also provided. In addition, Home
Loan has special sections to help plan for your
retirement, calculate the value of your IRA, plan
for your children's college expenses and to do
equity calculations for your home.
Home Insurance (Home Inventory and Insurance Planning) - provides a way for
you to keep track of what you own, where it is
located, what it cost, and any identifying marks.
Home Insurance uses the same user interface as the
collectors series and thus each item in your
inventory can be cataloged using any of 22
characteristics (serial #, model #, color, etc.)
Home Insurance also provides several other features
to help with your insurance planning. A life
insurance estimator will take your current financial
status and your future plans, and calculate the
amount of life insurance you need. An insurance
records file provides a convient place to store
vital information about your insurance policies.
Personal Asset Manager (tm) - Combines all three of the above into a single
integrated system.
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EDUCATIONAL
Play 'n' Learn - combines 6 education games (plus an additional 12 variations)
for very young children - ages 18 months to 4 years. These
games include:
Amanda's Letter Lotto > learn the alphabet
Zach-A-Doodle > Etch-A-Sketch type game
Color Screen > a very simple game that changes screen colors
Color Match > learn colors and the alphabet
Word Whirl > learn about words and names
Next Number > learn numbers 1-9
Black Board Shapes > learn to match shapes
The Play 'n' Learn games are also designed to help your
learn about using computers. They teach skills ranging
from just getting a response from pushing any key, to
multiple key combinations and making menu selections.
COMING SOON - Amanda's Spelling Bee, educational games for children
3 to 5 years old.
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HOME PRODUCTIVITY
Software in this catagory will be released in 1989 and will include
HOLIDAY MANAGER to help with sending cards for the holidays and
special occassions.
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For more information on any of the above write to:
HomeCraft
P.O. Box 974
Tualatin, OR 97062
If you missed any of the information, push CTRL NUM LOCK to pause the
screen and any other key to restart it.
u missed any of the information, push CTRL NUM LOCK
Directory of PC-SIG Library Disk #0792
Volume in drive A has no label
Directory of A:\
BRUN30 EXE 70680 4-07-87 10:48a
CALC EXE 49713 12-03-88 4:19a
FILES792 TXT 4367 10-19-89 5:35p
FINANCE DOC 41088 12-03-88 4:40a
FINANCE EXE 32577 12-03-88 4:11a
GO BAT 38 1-01-80 1:56a
GO TXT 848 10-19-89 6:37p
HL EXE 9249 12-03-88 4:04a
INTRO DOC 7424 12-03-88 4:31a
LOAN HLP 5888 12-02-88 8:15p
MENU OVL 150 12-06-88 10:05a
NAME DAT 480 12-03-88 4:44a
OTHER DOC 6400 10-09-88 4:39p
PRINT BAT 384 12-03-88 4:33a
READ ME 512 10-29-88 9:44p
SETUP EXE 7025 12-03-88 4:10a
VALUE DAT 360 5-30-87 9:51p
17 file(s) 237183 bytes
74752 bytes free