Authors
Gerald Hoag
Publication
Publication Details
Volume: 3 Issue: 1
Date
January/February 1983
Pages
30-31
See all articles from SYNC v3 n1
This program calculates monthly payments and generates an amortization schedule on consumer loans or home mortgages. The payment tells the user how much of a monthly commitment he is making, and the amortization schedule how much of the payment is being applied to interest and how much to reduce the balance on the loan.