110814     LOANS  Version: V1.0, October 1985
 
Submitted by: James H. Norman, US Army, White Sands Missile Range, NM
 
Operating System: RSX-11M V3.2, RT-11 V4.0, VAX/VMS V4.0  Source
Language: FORTRAN IV  Memory Required: 1450KW  Keywords: Business
Applications
 
Abstract: LOANS is a program to compute a repayment schedule of a
loan.
The user inputs the loan amount, the interest rate, and the
length of the loan.
 
The program then computes the monthly payment, the amount
applied to the principal, the amount of interest paid and the
loan balance.  The output is a disk file which contains a
table of the above values.  The total interest paid on the
loan is written at the end of the table.  The file may be
listed on a terminal or printed on a line printer.
 
A rounding routine is included to round each value to the
nearest cent.
 
Media (Service Charge Code): One RX01 Diskette (KA)  Format: RT-11,
600' Magnetic Tape (MA)  Format: RT-11