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PC-SIG Diskette Library (Disk #1055)
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Information about “LOAN WARRIOR”
LOAN WARRIOR is a full-featured loan amortization program that not only
calculates monthly payments but also helps you make decisions about a
loan by letting you compare different terms or early payoff. It works
with both fixed and variable interest rates. Given the
principal, the interest rate, and the term of the loan, LOAN WARRIOR
gives a complete monthly amortization schedule, yearly interest
payments, yearly principal payments, and both a detailed and summary
report. An accelerated payoff option is included, analyzing money that
can be saved by making larger payments.
FILE1055.TXT
Disk No: 1055
Disk Title: Loan Warrior
PC-SIG Version: S1.1
Program Title: Loan Warrior
Author Version: 2.01
Author Registration: $6.00.
Special Requirements: CGA, EGA, or VGA.
LOAN WARRIOR is a full-featured loan amortization program that not only
calculates monthly payments but also helps you make decisions about
a loan by letting you compare different terms or early payoff. It
works with both fixed and variable interest rates. Given the
principal, the interest rate, and the term of the loan, LOAN WARRIOR
gives a complete monthly amortization schedule, yearly interest
payments, yearly principal payments, and both a detailed and summary
report. An accelerated payoff option is included, analyzing money that
can be saved by making larger payments.
PC-SIG
1030D East Duane Avenue
Sunnyvale Ca. 94086
(408) 730-9291
(c) Copyright 1989 PC-SIG, Inc.
GO.TXT
╔═════════════════════════════════════════════════════════════════════════╗
║ <<<< Disk No 1055 LOAN WARRIOR >>>> ║
╠═════════════════════════════════════════════════════════════════════════╣
║ To print the documentation, type: COPY LW.TXT PRN (press enter) ║
║ ║
║ To start the program, type: STARTLW2 (press enter) ║
╚═════════════════════════════════════════════════════════════════════════╝
LW-DSCL.TXT
DISCLAIMER
Io Engineering Research makes no warrantee or
representation, expressed or implied, with respect
to the accuracy, completeness, or usefulness of
the information contained on this disk. Io
Engineering Research assumes no liability with
respect to the use of, or for damages resulting
from the use of an information or methods
disclosed on this disk.
LW-UG.TXT
Loan Warrior Amortization Program
The LoanWarrior (LW) is a basic tool used in calculating loan
characteristics. One of the most popular uses of
amortization programs is to provide the user a quick look at
the loan schedule of potential home mortgage payment
schedules. In practice, however, LW can be used for any type
of amortizing problem. The dictionary defines the term
"amortize" as : 1. To liquidate (a debt) by installment
payments or payment into a sinking fund. While there are
other types of uses for amortization schedules, the following
documentation is intended to be used in terms of this
definition.
Running Loan Warrior : LW will run on any IBM PC/XT/AT or
compatible with 128K memory available. Two different modules
are available, Fixed and Variable. These are accessed from
the Main Menu. The Main Menu is accessed directly from the
disc with the command 'STARTLW2'. LW is not copy protected, and
therfore may be transfered easily to fixed disc by copying
all of the files on the disc.
LoanWarrior Available Options : The following is a description
of each menu in LW, presented in the order the menus appear.
(1) Start Menu : From here you can run LW with or without an
existing data file. If you choose an existing data file, a
list of files available is shown; you must enter one of these
file names with the proper extension. If you choose to run LW
without an existing file, a dummy file is input for you to
edit.
(2) Input Definition Menu : Four variables define the loan -
interest rate (percent), term (years), initial principle ($),
and compounding period (year or month). You may edit one or
all of these from this menu.
(3) Accelerated Principle Payments : If you choose this
option, you can put money toward added principle payment,
above the scheduled fixed payment. This money goes directly
toward reducing the principle, and thus reduces the term of
the loan and the final total interest paid. This is useful
to determine the effect of regular added payments and/or lump
sum payments on the life of the loan.
To use this option, you will be asked to input interest rates
for any given block of periods you specify, with the "last
year" being input for all remaining periods. For example, if
you have an adjustable rate mortgage, with interest increasing
from 7%, one percent per year for 3 years:
LW Prompt enter:
first period to be changed : 2
last year to be changed : 4
interest for period 2 : 8
interest for period 3 : 9
interest for period 4 : 10
Note that the rate for all periods after 4 will be 10 also.
(4) Variable Interest Rate (only on Variable module) : The
interest rate applied to each period can be specified with this
option. This is useful in determining the effect of ARM's
(adjustable rate mortgages) on the loan schedule. Input data
the same way you did in (3).
(5) Report Destination : You may designate your printer or
monitor as the output device.
(6) Specify Output Period : In a given analysis, you may
designate one specific block of periods you wish to view/print.
This is helpful when you have, for example, a 30 year loan and
are using monthly analysis (360 periods), and only wish to see
the 15th year (months 180 to 192). Input 180 as start and 192
as finish. When using the accelerated principle option with
this, you may inadvertantly specify a period that only
partially exists, or doesn't exist at all because your
additional payments pay the loan off sooner than you think. If
the first period you specify exists, but the loan ends
somewhere in between, you will just be shown the final period.
If the first period does not exist, you will immediately get
just the final period, with no report header.
(7) Report Format : You may designate either a Summary (only
inputs, calculated payment per period and total interest
paid) or Detailed (loan status per period; principle payment,
interest payment, total interest paid to date, principle
remaining) reports. A detailed report on a long term loan
with monthly compounding will produce a very large amount of
data. (See (6) to help with this problem)
(8) Saving a Data File : After the reports are processed,
you will be asked if you wish to leave the program, return to
the main menu, or save the current data. If you choose to
save the data, you will be asked to input a file name (up to
8 characters) with thr proper extension (.FIX or .VAR,
depending which module you are in).
Note that option 3 is the only difference between the Fixed
and Variable LoanWarrior Modules; in all other repects they
run in the same way.
Good Luck!
LW.TXT
Loan Warrior Amortization Program
The LoanWarrior (LW) is a basic tool used in calculating loan
characteristics. One of the most popular uses of
amortization programs is to provide the user a quick look at
the loan schedule of potential home mortgage payment
schedules. In practice, however, LW can be used for any type
of amortizing problem. The dictionary defines the term
"amortize" as : 1. To liquidate (a debt) by installment
payments or payment into a sinking fund. While there are
other types of uses for amortization schedules, the following
documentation is intended to be used in terms of this
definition.
Running Loan Warrior : LW will run on any IBM PC/XT/AT or
compatible with 128K memory available. Two different modules
are available, Fixed and Variable. These are accessed from
the Main Menu. The Main Menu is accessed directly from the
disc with the command 'STARTLW2'. LW is not copy protected, and
therfore may be transfered easily to fixed disc by copying
all of the files on the disc.
LoanWarrior Available Options : The following is a description
of each menu in LW, presented in the order the menus appear.
(1) Start Menu : From here you can run LW with or without an
existing data file. If you choose an existing data file, a
list of files available is shown; you must enter one of these
file names with the proper extension. If you choose to run LW
without an existing file, a dummy file is input for you to
edit.
(2) Input Definition Menu : Four variables define the loan -
interest rate (percent), term (years), initial principle ($),
and compounding period (year or month). You may edit one or
all of these from this menu.
(3) Accelerated Principle Payments : If you choose this
option, you can put money toward added principle payment,
above the scheduled fixed payment. This money goes directly
toward reducing the principle, and thus reduces the term of
the loan and the final total interest paid. This is useful
to determine the effect of regular added payments and/or lump
sum payments on the life of the loan.
To use this option, you will be asked to input interest rates
for any given block of periods you specify, with the "last
year" being input for all remaining periods. For example, if
you have an adjustable rate mortgage, with interest increasing
from 7%, one percent per year for 3 years:
LW Prompt enter:
first period to be changed : 2
last year to be changed : 4
interest for period 2 : 8
interest for period 3 : 9
interest for period 4 : 10
Note that the rate for all periods after 4 will be 10 also.
(4) Variable Interest Rate (only on Variable module) : The
interest rate applied to each period can be specified with this
option. This is useful in determining the effect of ARM's
(adjustable rate mortgages) on the loan schedule. Input data
the same way you did in (3).
(5) Report Destination : You may designate your printer or
monitor as the output device.
(6) Specify Output Period : In a given analysis, you may
designate one specific block of periods you wish to view/print.
This is helpful when you have, for example, a 30 year loan and
are using monthly analysis (360 periods), and only wish to see
the 15th year (months 180 to 192). Input 180 as start and 192
as finish. When using the accelerated principle option with
this, you may inadvertantly specify a period that only
partially exists, or doesn't exist at all because your
additional payments pay the loan off sooner than you think. If
the first period you specify exists, but the loan ends
somewhere in between, you will just be shown the final period.
If the first period does not exist, you will immediately get
just the final period, with no report header.
(7) Report Format : You may designate either a Summary (only
inputs, calculated payment per period and total interest
paid) or Detailed (loan status per period; principle payment,
interest payment, total interest paid to date, principle
remaining) reports. A detailed report on a long term loan
with monthly compounding will produce a very large amount of
data. (See (6) to help with this problem)
(8) Saving a Data File : After the reports are processed,
you will be asked if you wish to leave the program, return to
the main menu, or save the current data. If you choose to
save the data, you will be asked to input a file name (up to
8 characters) with thr proper extension (.FIX or .VAR,
depending which module you are in).
Note that option 3 is the only difference between the Fixed
and Variable LoanWarrior Modules; in all other repects they
run in the same way.
Good Luck!
README.TXT
Loan Warrior Amortization Program
LoanWarrior (LW) is a computer tool used to calculate loan
characteristics. One of the most popular uses of loan
amortization programs like LW is to provide the user with a
quick look at payment schedules for potential home mortgages.
In practice, however, LW can be used to examine any type of
amortizing problem.
Given principal, interest rate (FIXED OR VARIABLE !!), and
duration of the loan, LW delivers a complete monthly amortization
schedule, yearly interest payments, yearly principal payments,
and handy summaries of all costs. The program also features a
user-specified accelerated loan payoff option. Output reports
can be directed to either the screen or printer. Additionally,
alternative loan option data can be saved and retrieved with an
easy to use filing system.
LW is ideal for evaluating the new "creative" home loans available
to home buyers and home owners interested in refinancing. LW is
one of the only shareware loan programs available which can
handle annually adjusted ARM loans.
Disk files are described below :
lwarv2 .exe fixed interest rate program
var23 .exe variable interest rate program
fixdata .fix sample data for fixed interest rate loan
vardata .var sample data for variable interest rate loan
startlw2 .exe program to start LOAN WARRIOR
lwv2 .exe program to generate user manual
lw .txt on line user guide
lw-dscl .txt disclaimer
lw-ug .txt user guide text file
readme .txt brief description of program and files
lwintro .bas digitized start screen
To start the program, type STARTLW2 and hit <enter>.
Directory of PC-SIG Library Disk #1055
Volume in drive A has no label
Directory of A:\
FIXDATA FIX 276 3-01-90 5:27p
LW TXT 8618 2-27-90 5:30p
LW-DSCL TXT 821 3-15-87 5:37p
LW-UG TXT 8618 2-27-90 5:29p
LWARV2 EXE 63654 2-27-90 4:46p
LWINTRO BAS 16391 2-22-90 5:26p
LWV2 EXE 45308 2-27-90 4:36p
README TXT 1899 2-28-90 5:06p
STARTLW2 EXE 27282 2-28-90 5:01p
VAR23 EXE 67154 2-27-90 5:04p
VARDATA VAR 575 2-28-90 5:31p
FILE1055 TXT 1777 3-26-90 12:09p
GO BAT 38 5-24-88 9:56a
GO TXT 540 3-26-90 12:15p
14 file(s) 242951 bytes
71680 bytes free