DESCRIPTION:
Mortgage Calc V1.0 is a Win95 program for calculating the monthly mortgage payments
based on the input data. The program ask for the user input in the form of a dialog 
box when the user click the calculate menu or the claculate toolbar item. After the 
user inputs the data and click the OK button, a tabulated screen printout will 
displays the monthly payment amount, as well as a annualize summary of the payment
toward principal, toward interest and the remaining balance of the loan. The user can 
also save the result into a text file or print out directly into a printer.

INSTALLATION:
Unzip the file mortg1.zip into a temporary directory or folder inside a windows95 
computer. Doubleclick the setup.exe file, this will create a folder name 
c:\mortgagecalc and copy the application file mortgage.exe into the same folder.
To run the application, simple doubleclick the mortgage.exe file.

Alternately, the user can create a shortcut inside windows95 throught the 
Start->settings->taskbar menu, clicking advance tab, clicking file->new shortcut,
and selecting the mortgage.exe file. This shortcut can then be drag into the 
windows desktop.

INSTRUCTIONS:
Mortgagecalc v1 comes with menus and toolbar that are tied to the menus. To start
a calculation, click the menu calculate->input mortgage data or click the toolbar
item input mortgage data. A dialog box comes up requesting input data, input the 
total amount of the loan, the annual interest rate express as a number(i.e. 7.5%
should be input as 7.5), the total number of years to fully pay back the loan(
this is different from the short term contract period of a mortgage loan), and the 
month the payment is to start(this can be selected by clicking the arrow to the right
of the input box, and selecting the appropriate month). After the user clicks the
OK button, the program calculates the monthly mortgage payment and displays this on 
screen, it also tabulates the annual payment towards principal, interest, and the
remaining balance of the loan. This screen output can be save to a text file by 
clicking File->save as, selecting the path and filename(note: user needs to add the
extension to the filename, i.e. if the filename is to be myfile type myfile.txt).
The text file can then be inputed into a text editor such as notepad and edited and
printed to a printer. the program have also built in capability to printout to a 
printer after the screen output, althought no formatting capability is impleted at
this time.
   
STATUS:
Mortgagecalc v1.0 is a freeware program. The zip format of program files can be 
download from the Simtel \pub\simtelnet\win95\finance folder. 

TO CONTACT THE AUTHOR:
Email to chted@yawmail.com  
October 1999


