| Title: | DCU |
| Notice: | 1996 BoD Election results in 1004 |
| Moderator: | CPEEDY::BRADLEY |
| Created: | Sat Feb 07 1987 |
| Last Modified: | Fri Jun 06 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1041 |
| Total number of notes: | 18759 |
Totally different subject. For those who are applying for a loan and have: 1) The principle, 2) The annual interest rate and 3) The number of months to pay back the loan, I have created a program to extrapolate the monthly payment and, if you so desire, produce an output file showing a breakdown first of a weekly payback cycle and monthly payback. It shows the week/month number, starting balance, interest payment for that week/month and ending balance. At the end of the week or month printout, it shows the total in interest payments. I have already used it to calculate my 20 year mortgage payment (over $600) and it was off by one penny. So it should NOT be used as a hard-and-fast 'law' as to what your payment WILL be, but it is accurate enough to give you a fairly accurate gauge of what to expect. Let me know if you have any problems or questions. Directory ERLANG::DSAD1$C:[MILLEVILLE] LOAN-CALC.EXE;1 12/12 Total of 1 file, 12/12 blocks.
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 519.1 | How to use this utility | ERLANG::MILLEVILLE | Fri Apr 10 1992 09:46 | 22 | |
Forgot to mention how to use the program and what to provide and expect. Once you copy the file to your area, type: $ RUN LOAN-CALC It will then issue the three prompts where you provide the stated information. The example shows a $2,000 loan, 9.5% annual interest, 24 months payback: Input loan amount? 2000 Input annual percent? 9.5 Input payback time in months? 24 Monthly payment will be about $91.8 Weekly payment will be about $21.18 Input weekly/monthly payback history output filename if any? <CR> $ NOTE: The weekly payment is NOT equal to one-fourth of the monthly payment. It IS equal to 12 times the monthly payment divided by 52 weeks. If this is a problem, let me know - a secondary version can very easily be created. | |||||
| 519.2 | another utility | CSC32::S_MAUFE | society needs a cat proof keyboard. | Fri Apr 10 1992 13:41 | 12 |
I have a nice utility written by somebody else that tracks your
mortgage month by month. You need FMS to run it.
I try and pay extra each month, and this motivates me to! Each month
you enter the ACTUAL amount paid, and the program re-calculates the
term remaining and redoes the interest and capital calculation to term.
Send me mail if you'd like a copy. No support offered!
Simon
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| 519.3 | STRATA::JOERILEY | Everyone can dream... | Mon Apr 13 1992 00:32 | 5 | |
I copied the utility in .0 and it works great for me and takes a
lot less space than the program I had, 12 blocks now over 100 before.
Thanks Joe
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