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        ^ ADJUSTABLE LOAN ANALYZER @
         by Furry Programmers, Vltd.


Introduction.....

Loan Analyzer is a screen based program written to provide basic loan information on adjustable rate morgages.  It will also provide payment schedules based on the provided loan information.  Loan Analyzer is menu  oriented; that is, it will provide you with your choices in the form of a menu.  To make a choice, just press the key of the letter in parentheses.


 ---- A COUPLE OF WORDS OF CAUTION ----

Although we have tested Loan Analyzer extensively, both Furry Programmers, VLtd., and UPTIME Magazine, IN NO WAY GUARANTEE THE ACCURACY OF THESE PROGRAMS, AND DO NOT ASSUME ANY RESPONSIBILITY FOR ANY DECISIONS MADE ON DATA FROM LOAN ANALYZER.  We suggest that you talk to a loan officer at your bank or savings and loan for the latest rates, points, plans, and other information that will help you make the right decision.

We suggest that if you get an adjustable, or variable, rate loan, you obtain one with a cap on the range on how far the interest rate can climb or fall, and how far it can be adjusted each time.  Also, consider a plan that does NOT allow the principle to rise, better known as NEGATIVE AMORTIZATION. Loan Analyzer assumes that you have a loan meeting these requirements.


Using Loan Analyzer.....

Before using Loan Analyzer, you should know the loan amount and/or the monthly payment, the prevailing interest rate, the period of the loan in months and/or years, the cap values, and the period between adjustments.

TO ENTER OR CHANGE DATA:

1. From the MAIN screen, press C for Change.
2. Press the key corresponding for what you want to enter or change.
3. Enter the new value.
4. Repeat steps 2 & 3 until done.
5. When finished, press return to accept the changes and go to the compute/generate screen.

If you need to restore the data to the value prior to being changed, press [ESC] to abandon the changes and return to the main screen.

TO COMPUTE A VALUE, OR GENERATE A TABLE:

    1. From the main screen, press A for accept.
    2. Select your choice by entering a number, then press return.
    3. Answer the prompts as required.

NOTE: Computing a missing value will store the value computed, while generating tables does not change any value on the main screen.


Modifying the DEFAULT settings.....

THE DEFAULT SETTINGS FOR THIS PROGRAM ARE IN LINES 110, 120, AND 140.

VARIABLE      USE
   IR         INTEREST RATE IN PERCENT
   LA         LOAN AMOUNT
   PY         MONTHLY PAYMENT
   MO         NUMBER OF MONTHS OF LOAN
   YR         NUMBER OF YEARS OF LOAN
   N          PRINTER DESTINATION SLOT
   CU         UPPER CAP FOR INT. RATE
   CL         LOWER CAP FOR INT. RATE
   CA         ADJUSTMENT CAP FOR RATE
   CM         MONTHS BETWEEN RATE ADJ.

DEFAULTS ARE: IR=13, LA=0, MO=0, YR=30, PY=0,  CU=7, CL=7, CA=2, AND CM=12"


        Files Needed:

LOAN ANALYZER   -The main program
~~~]   -The main program
~~~]    -The main program
~~~] 12"


        Files Needed:

LOAN ANALYSER   -The main program
~~~] R   -The main program
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