Announcing

                             AmortizeIt!

                             Version 1.0/1.1

                                 $50.


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WE BELIEVE THAT AMORTIZEIT! IS AS COMPLETE AND ACCURATE OF AN AMORTIZATION
PROGRAM AS YOU WILL FIND ANYWHERE. AND IT IS FAR EASIER TO USE THAN ANY OTHER
PROGRAM OF ITS KIND. GUARANTEED.

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AmortizeIt! supports the following features:

Payment and Compounding Periods (can be set differently):
Daily, Weekly, BiWeekly,  Monthly, BiMonthly, Quarterly, SemiAnnually,
and Annually

Payment in Arrears (mortgage) or Payment in Advance (lease)

Amortizing Methods Supported:
Normal : Rules-of-78 : US Rule : Fixed Principal (Declining Payment) :
Interest Only

Accrued Interest (Negative Amortization)

Random Extra Payments and Accelerated Regular Extra Payments

Skipped Payments and Short Payments

Adjustable Interest Rate (ARM's) (adjustments can be made for ANY period)

Display payment, interest and principal totals for Fiscal, Calendar or
Loan Year for both specific year and since first payment date of loan

Detailed Summary feature shows payment, interest and principal totals
paid from first payment date through ANY particular payment. In addition
the summary feature will calculate the amount of interest saved to any
particular payment period as the result of an extra or extra payments.

Supports both 360 and 365 day years

Very detailed, context sensitive help screens. You probably will not
need the manual with this program.

Save all client interest and extra payment data to disk

Print amortization table to printer or disk (version 1.1 only)

Quickly display any period or series of periods

Calculations based upon the US Government's Regulation Z as found in the
Truth-in-Lending Act.

INTEREST DUE calculator will calculate the interest due for any number
of days or between any two dates. You provide starting or ending date
and either the number of day or the other date. AmortizeIt! will
instantly calculate the interest due for the period. (As an extra bonus,
the day of the week for each date will also be diplayed. This way you
can see if a due date or number of days from a date falls on a business
day.)

LOAN CALCULATOR will solve for any unknown. That is, you provide any
three of the following, RATE, TERM, AMOUNT, PAYMENT and AmortizeIt! will
solve for the unknown. You also specify compounding and payment periods,
and if payment is in advance or arrears.

REMAINING BALANCE, as it says, will calculate the remaining balance of a
loan. 

ACCELERATED PAYMENT is a very fast and easy routine to use to show how
much  interest you will save on a loan if you make extra REGULAR
payments. You will be able to say how much extra you want to have
applied toward the principal starting after whatever payment  period
number.

If you want to make IRREGULAR payments or you want to vary the amount of
each payment, use the Amortization Routine to key in the extra payments.
Then use the summary feature to show what you will save in interest.

BALLOON PAYMENT is different from the way it was done in earlier
versions of the program. You now tell the program how much of a balloon
you want to pay or collect after which payment number, and  AmortizeIt!
will calculate what the payment should be in order to have the balloon
amount that you desire.

The balloon is actually the remaining balance of the loan at a
particular point. What this routine will now do, is to allow you to
structure a loan for a amount that needs to be paid off in a relatively
short period of time, but at a payment amount that would be less than
required to amortize the entire loan in the short time span. By allowing
the user to set the balloon amount, you can control the rate at which
the principal is paid down. Usually this will be faster than if the loan
were amortized over the longer period of time.

PINE GROVE SOFTWARE
67-38 108TH ST, SUITE D-1
FOREST HILLS, NY   11375

(718) 575-9192
(800) 242-9192
(212) 279-5570