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Loan Pro Lite

9

Infinity Softworks, Inc.

Examples

Example

Home Mortgage

Problem

: A client wants to buy a $200,000 home with 35% down

and 7% interest.  The loan is for 30 years.  What is the monthly
payment?

Solution

: Tap the variable’s label or amount to enter information

into the Input screen.  The following should be entered:

Location

Entry

Comments

Clear…

Clear the display before starting

Price

200000

The home’s price is $200,000

Down%

35

The client can put 35% down

Int Rate

7

The yearly interest rate is 7.0%

Loan Years

30

The loan is for 30 years

The payment timing and interest compounding are assumed to be 12.  When completed, calculate
payment by tapping the “CPT” label to the right of the payment amount.  The answer should be
$864.89 per month.

Содержание Loan Pro Lite

Страница 1: ...Loan Pro Lite for the Palm Computing Platform version 1 0...

Страница 2: ...written materials on a permanent basis provided you retain no copies and the recipient agrees to the terms of this Agreement You may not reverse engineer decompile or disassemble the SOFTWARE If the...

Страница 3: ...es whatsoever including without limitation damages for loss of business profits business interruption loss of business information or any other pecuniary loss arising out of the use or inability to us...

Страница 4: ...Get Loan Pro Lite 4 The Display 4 Number Range 4 Canceling Calculations 4 Main Screen 5 The Screen 5 Entering and Calculating Data 5 The Variables 5 Input Screen 7 The Screen 7 Accessing the Input Sc...

Страница 5: ...upra The Display Loan Pro Lite consists of two screens The Main screen allows for data entry and computation and the Input screen is used to enter data and move information between applications Number...

Страница 6: ...ffiti input area There are three menu items Loan Help online help for Loan Pro Lite s Main screen About Loan Pro Lite information about Loan Pro Lite and Infinity Softworks Updates information about r...

Страница 7: ...s a percentage 8 5 should be entered as 8 5 Payment the amount paid each month for the loan Int Rate the loan s interest rate This should be entered as a percentage 8 5 should be entered as 8 5 Loan Y...

Страница 8: ...mory without clearing it first you will add the number in the view window to the number stored in memory For instance with 30 stored in memory and 5 showing in the view window selecting M will change...

Страница 9: ...e supports Graffiti input Online help is available for both drawing and recognizing certain Graffiti strokes See Graffiti Help under the Edit Menu for more information on drawing each character Keystr...

Страница 10: ...the Input screen The following should be entered Location Entry Comments Clear Clear the display before starting Price 200000 The home s price is 200 000 Down 35 The client can put 35 down Int Rate 7...

Страница 11: ...on an as is basis In no event shall Infinity Softworks Inc be liable to anyone for special collateral incidental or consequential damages in connection with or arising out of the purchase or use of t...

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