MORTGAGE CALCULATOR:
 
The two files included are:
-readme.txt (this one)
-mortcalc.exe (ver. 1.0) 

INSTALLATION:

Unzip the file mortgage.zip which produces
a single executable file: mortcalc.exe 
This opens a dos screen. The program can be run from dos 
or any version of Windows


HOW THE PROGRAM WORKS:

This is a financial calulator which calculates various
payments and payoff.

User enters 3 items:
-Annual percentage rate
-Term of loan
-original loan amount

Then the program will calculate monthly payment

User then enters current balance and any additional principle he wishes to pay

Program calculates % of monthly payment going to principle
Program calculates % of monthly payment going to interest
Program calculates NEW Principle balance
Program calulates term remaining on loan

Program finally asks if user wishes to know how long it would take 
to pay off your loan if you make regular payments as ADDITIONAL PRINCIPLE?

If user selects "Y", program calculates it.

This program was written in MS Quickbasic 4.5

It's only limitation is if you enter payments which don't make any sense,
such as a current balance exceeding the original amount of the loan.


DISTRIBUTION/AUTHOR:

This program is Freeware
Copyright MICHAEL WELTMAN 1995, 1998
email: mw22@juno.com
