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PC-SIG Diskette Library (Disk #994)
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Information about “FINANCIAL CALCULATOR”
FINANCIAL CALCULATOR is a simple, menu-driven program that calculates
interest on loans, savings, or payments.
Calculate your monthly payments, total interest, and the total amount
you will pay to the bank at the end of the loan. Get a month-by-month
breakdown of your monthly payments, interest for that month, payment on
the principal and the ending balance for that month. You can also
figure the approximate annual interest rate for a loan. A metric
conversion utility is included.
FILES.TXT
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FINANCIAL CALCULATOR ver 1.00
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FC BAT Starts Financial Calculator program
CLEAR1 EXE Clears screen
CONV100 EXE Metric conversion program
LOAN100 EXE Loan program
SCREEN1 PAK Screen file
SPEEDSCR COM The Software Bottling Co. Speed Screen program
README DOC Documentation for the Financial Calculator program, please read
FILES994.TXT
Disk No 994
Program Title: FINANCIAL CALCULATOR
PC-SIG version 1
FINANCIAL CALCULATOR is an easy-to-use, menu-driven program that
calculates interest on loans, savings, or payments. A metric conversion
utility is also included. For loans, this program calculates your monthly
payments, total interest, and the total amount you will pay to the bank at
the end of the loan. It also gives a month-by-month breakdown of your
monthly payments, interest for that month that was paid on the principle
and the ending balance for that month. The approximate annual interest rate
for a loan can also be calculated.
Usage: Financial
System Requirements: 128K memory and one disk drive.
How to Start: Type: FC (press enter).
Suggested Donation: $6
File Descriptions:
FC BAT Starts FINANCIAL CALCULATOR program.
FILES TXT File descriptions.
CLEAR1 EXE Clears screen.
CONV100 EXE Metric conversion program.
LOAN100 EXE Loan program.
SCREEN1 PAK Screen file.
SPEEDSCR COM Speed Screen program.
README DOC Documentation.
PC-SIG
1030D E Duane Avenue
Sunnyvale Ca. 94086
(408) 730-9291
(c) Copyright 1987 PC-SIG Inc.
GO.TXT
╔═════════════════════════════════════════════════════════════════════════╗
║ <<<< Disk No 994 FINANCIAL CALCULATOR >>>> ║
╠═════════════════════════════════════════════════════════════════════════╣
║ To print the documentation, Type: COPY README.DOC LPT1: (press enter) ║
║ ║
║ To run the program, Type: FC (press enter) ║
╚═════════════════════════════════════════════════════════════════════════╝
README.DOC
FINANCIAL CALCULATOR
MAKING A BACKUP OF YOUR ORIGINAL DISK
1. Put a copy of your DOS into drive A and start up the
computer.
2. Type FORMAT B:/S and format a blank disk in drive B label this
disk "working disk".
3. Remove DOS disk from drive A and insert the FINANCIAL
CALCULATOR program.
4. Type copy A:*.* B: this will copy every thing from disk A to
disk B.
5. When this is done remove your original disk from drive A
and put it in a save place in case something happens to
your working disk.
6. Remove working disk form B drive and install it in A drive.
From the A> sign type CAL and hit the return key this will
start the program.
1. LOAN PAYMENTS
When you go buy a home you usually cannot afford to pay the
$50,000 to $200,000 in cash. Instead, you take out a 20 to 30 year
loan and make monthly payments until the home is paid for.
When you go buy a car, most people take out a 5 year loan
and make monthly payments until the car is paid for.
In these examples, you make a large purchase and then make
time payments to pay for the purchase. When you think about a
large purchase, you need to know what the purchase will cost;
both the monthly payments and total cost. Total cost is monthly
payments times the number of payments. It might be nice to think
about buying a house for $150,000, but do you know what the
monthly payments will be?
This part of the program will show you what your monthly
payments will be, what your total interest will be, and the total
amout you will pay to the bank at the end of the loan. It will
also give a month by month break down of your monthly payments,
interest for that month that was paid on the principal and the
ending balance for that month. You will will see that the
total amount you pay the bank is very large. This is a good
reason to put money in a saving account and pay as much on a loan
as you can, because of how much it will save you in the long run.
You will see in the amortization tables that with each
payment the amount of interest you pay decreases. This is
because the beginning balance has decreased. The principle
increases with each payment because the interest decreases. The
increase in the principle payment is larger with each payment.
1
When you select this option you will get the input as
follows.
Input Amount of loan: Date / /
Input payments:
Input Interest rate:
Input months of loan:
The first field is the date this is used for a the output to
the printer only. In the second field you input the amount of your
loan if you are taking out a loan for $15,000 then enter 15000
with no dollars or comma signs. Skip field three at this time by
just pressing the return key. The next field will ask you for
the interest rate, enter a valid rate at this time. The next
field will ask you for months of the loan enter the number of
months you made the loan for. For example 30 years is 360 months.
If you make a 30 year loan enter 360 in this field. A few
seconds later you will se what your monthly payments, total
interest, and total amount paid on the loan will be.
If you know what your monthly payments are, or what you can
afford to pay each month then when you get to the second field
(Input Amount of loan:) skip it bye pressing the return key. Now
you will be in the (Input payments:) field enter the monthly
payments you can pay then press return to get to the next field
(Input months of loan:) enter the total months of the loan then
press the return key and in a few seconds you will see what the
amount of the loan will be.
2. SIMPLE INTEREST SAVINGS
This part of the program calculates simple interest rates.
Suppose you want to have $1000 saved in one year. You could put
$83 in a jar every month and have $996 at the end of one year.
Or you could put $83 in the bank and have $1052.65 at the end of
the year.
This part of the program is very simple just enter the
amount of your savings the interest rate and number of years in
the bank. The output will give you the amount of money in the
bank at the end of that period for simple interest.
2
3. COMPOUND INTEREST SAVINGS (ANNUAL COMPOUNDING)
This part of the program calculates compound interest rates
annually. Compound interest just means you earn interest on
the interest already earned. While with simple you do not.
There is a considerable difference between the two. This
means leaving the interest in the account can increase your
savings dramatically.
This is the same input screen as simple interest. Just enter
your values and see your savings.
4. COMPOUND INTEREST SAVINGS (QUARTERLY COMPOUNDING)
This part of the program just shows you the difference
between annual compounding and quarterly compounding. There is a
good difference over a long period of time.
5. INTEREST ON MONTHLY PAYMENTS TO BANK
Each of us should have some sort of plan for financial
security for our future. This can include everything from gum
ball banks to savings accounts, annuties, or even progerty and
equipment for investment. For example, consider regular
deposits into an interest bearing account, like a savings
account. If you deposit $100 each month into an account that pays
6% annually how much money would you have in 10 years?
This part of the program will calculate this problem for you.
Enter the amount you put in the bank monthly, then interest
rate, and number of years you plan to do this. The output will
give you the total amount of your savings.
6. TRUTH IN LENDING LAW
The Truth-In-Lending law demands that money lending
institutions disclose fully the annual interest rate on loans. The
apporximate rate can be found using this part of the program.
Ex.
Assume you make a loan for $5,000 for 36 months. If the
payments are made monthly and are $162.50 each, what is the
annual percentage rate? The answer is 11%
The fields are as followed.
Number of payments per year:
Monthly payments:
Number of total payments:
The first field which will be 12 if you pay monthly payments.
3
The second field will be which will be the monthly payments you
will be paying. The third field is the total number of payments
you will make from the start to the finish. That is if your loan
is 2 years and you will make monthly payments, your input
here will be 24.
7. METRIC CONVERSIONS
This part of the program has nothing to do with money but was
put in for conveniency of the user. These conversions can be
very useful around the house or at work. Use it and enjoy your
computer. The first screen converts english to metric. The second
converts from metric to english.
If you have received this program from another user or your
local users group and find if of value, your $6.00 contribution
will be appreciated. This money goes toward the payment of time
and money spent on hardware and software to create this program.
It will also go towards making this software better in the
future.
Thank you
Southern Electronics
P.O. Box 12488
Lake Charles La. 70612
4
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DISCLAIMER
Southern Electronics makes no representations or warranties
with respect to the contents or accuracy of output of hereof
and specifically disclaims any implied warranties of
merchantability of fitness for any particular purpose. Further,
Southern Electronics reserves the right to revise this
publication and to make changes from time to time in the
content hereof without obligation of Southern Electronics to
notify any such person of such revision or changes.
==================================================================
5
Directory of PC-SIG Library Disk #0994
Volume in drive A has no label
Directory of A:\
CLEAR1 EXE 27126 5-13-87 7:27p
CONV100 EXE 56864 5-13-87 8:03p
FC BAT 51 5-13-87 8:41p
FILES TXT 579 6-20-87 6:53p
FILES994 TXT 1185 12-18-87 2:24p
GO BAT 38 10-19-87 3:56p
GO TXT 540 12-17-87 9:34a
LOAN100 EXE 88372 6-20-87 6:35p
README DOC 9856 6-20-87 5:41p
SCREEN1 PAK 10512 6-20-87 5:57p
SPEEDSCR COM 5333 10-01-86 12:00p
11 file(s) 200456 bytes
114688 bytes free