You may calculate loan amortizations* on this screen. Enter the amount of the loan and the interest rate. Then choose to enter either the time in months or the monthly payment amount. The rest of the fields calculate based on these figures.
Use Ctrl+P to print a schedule of payments. You are given several options for printing the schedule. See Report Generator Helps for more information about these printing options.
Annual totals are displayed in printed report.
You may also calculate the rate of return on an investment.
* Amortization means: “To liquidate (a debt, such as a mortgage) by installment payments or payment into a sinking fund.” –American Heritage Dictionary
Helps Accessed From the Loan Calculator (‘I) Screen
File Help ('I)
Ctrl+P—Prints a monthly payment schedule to a Lookup window. Press Ctrl+P again to send this schedule to your printer.
F5—closes the Ctrl+P Lookup window.
F10—goes to the Selection Screen.
Shift+F10—goes to the Menu Bar.
Alt+F4—exits ABC.
Edit Help ('I)
Ctrl+C—copies text.
Ctrl+V—pastes text.
Ctrl+X—cuts text.
Ctrl+Z—Zap! Undoes latest changes to the line the cursor is on.
Tools Help
Ctrl+G—Gets or jumps to the address of a certain field. When you press Ctrl+G, a message box appears telling you the address of the field your cursor is on. You are also given opportunity to jump to another address. Enter the location number of the field you want to jump to, or enter F and the field number of the field you want to jump to.
Shift+F3—brings up an accountant's* calculator when your press it the first time. The second time you press it, the final calculations showing are entered into the field the cursor was on.
+ adds or totals - subtracts / divides
* multiplies ) clears ( exits calculator
= totals or equals
*If you are not familiar with an accountant’s calculator, you may want to take a little time to familiarize yourself with the differences in usage here. Figures are entered as positive or negative: i.e. 100+50-75= would be entered as 100+; 50+; 75- The answer calculates each time you press the positive or negative sign. The = sign or Enter key seldom need be used unless you are multiplying or dividing.
Time in Years for Average Annual Rate of Return ('I.10031)
Enter the time span your investment will cover in years and/or fractions of years. A fraction of a year should be expressed as a decimal.
When the first three fields (Original Investment, Ending Value, and Time in Years) have been entered, the average annual rate of return is calculated.
Time in Months for Loan Amortization ('I.1040)
Enter the number of months that the loan is for. When you press Enter, the monthly payment is calculated and displayed.
Amount of the Loan for Loan Amortization ('I.1050)
Enter the total principal amount.
Monthly Payment for Loan Amortization ('I.1052)
When the first three fields, (Loan Amount, Interest Rate and Time in Months) have been filled, the monthly payment is automatically calculated and displayed.
If you type in some other figure as the monthly payment, the Time in Months field is recalculated and displayed.
Interest Rate % for Loan Amortization ('I.1062)
Enter the interest rate as a whole number. For 8%, use 8. For 8 1/2%, use 8.5.
Original Investment for Average Annual Rate of Return ('I.1100)
Enter here what the original investment amount was. When the ending value and the time in years have been entered, the average annual rate of return is calculated as a percent.
Ending Value for Average Annual Rate of Return ('I.1101)
Enter the value of your investment at the end of the time that you want to calculate.
Annual Additional for Average Annual Rate of Return ('I.1102)
If you increase your investment a set amount every year, enter that amount here. When you press Enter, the average annual rate of return is calculated.