@INTRODUCTION

                       FINANCE ANALYZER

                  ANALYSES AND CALCULATIONS
       This program enables one to perform calculations on

               1.  Loans

               2.  Time Deposits

               3.  Annuities
                       and
               4.  Interest Rates

                       REPORTS
       One may also elect to print reports such as

               1.  Loan Amortization Schedules

               2.  Time Deposit Tables
                       and
               3.  Annuity Schedules

                       WHAT IF ???

       Finance Analyzer is especially suited for "What If" Analyses
with regard to finanacial planning.


                       Some Examples

    1. My daughter is 10 years old and will be going to college in
       8 years.  How much should I deposit in my savings account every
       month so that (with accumulated interest) I will have saved
       $30,000 by the time she is 18 and ready for college.

    2. I am considering buying one of two computers.  Both are equivalent
       in power and I estimate their useful life to be about 6 years.
       However, the first computer has a monthly maintenance fee $150 
       less than the second but the purchase price of the second is
       $12,000 less than the first.  Which is the better buy?

    3. I am selling my old home and buying a new one.  I am giving the
       buyer of my old home a second mortgage for $8,000 at 10% APR.
       I need to know how much I can expect in monthly payments from the
       second mortgage and I need a loan amortization schedule.
@LOAN




                       LOANS

       Loans are determined by four factors.

               1.  The Amount Borrowed (or starting balance)

               2.  The Periodic Payment Amount (usually a monthly payment)

               3.  The Number of Payments
                       and
               4.  The Interest Rate

       FINANCE ANALYZER allows one to compute any one of the above by
       giving values for the remaining three.  You also have the option
       of printing a loan amortization schedule once all four factors
       have been determined.

@LOAN PAYMENT


                       LOAN PAYMENT


       Enter the payment made for each loan period.  Normally a loan
period is one month but FINANCE ANALYZER allows any period from one day
to one year.

@LOAN PRINCIPAL

                       LOAN PRINCIPAL

       Enter the amount to be borrowed.  For each payment made on this amount
the amount due to interest will be be subtracted from the payment and the 
balance will be used to reduce the principal.

@A.P.R.

                       A. P. R. (Annual Percentage Rate)

       This is the interest rate as specified on a yearly basis.  It is
computed by multiplying the interest rate per period by the number of
periods per year.  (See also the HELP screen on INTEREST RATE.)

@ANNUITY
                       ANNUITIES

       FINANCE ANALYZER computes two types of annuities.  In the first,
a deposit annuity, a fixed amount is deposited each month and the final
amount (as determined by the monthly deposits and interest rate, compounded
monthly) is computed.

       In the second type of annuity, a withdrawal annuity, an initial
balance is deposited in an account and accumulates interest compounded
monthly.  A fixed amount is withdrawn each month.  The number of months
required to deplete the account is computed.

       The factors involved in annuity computations are the following:

               1.  The Initial Balance (or Present Value).

               2.  The Payment Per Month.

               3.  The Ending Balance.

               4.  The Number of Payments.

       The user may request that an annuity schedule be created.
@ANNUITY PRESENT VALUE

               STARTING BALANCE OR PRESENT VALUE

       For a deposit annuity this amount represents the amount of money which,
if deposited at the time the deposit annuity began and allowed to accumulate
interest, would have an ending balance equal to the ending balance of the
annuity.  This represents the "value" of the annuity in "today's" dollars.

       For a withdrawal annuity this amount is the minimum amount of money
which, if deposited at the specified interest rate and allowed to accumulate 
interest, would not be depleted until the specified number of withdrawals
had been made.


@TIME DEPOSIT


                       TIME DEPOSITS

       FINANCE ANALYZER computes the growing balance on time deposits.
The three factors which determine a time deposit are the following:

               1.  The Beginning Balance.

               2.  The Interest Rate.

               3.  The Ending Balance.

One may compute any of the above by specifying the other two.  The user
may also request that a time deposit table be created.
@INTEREST RATE

                  INTEREST RATE CONVERSION

       There are three different ways of computing interest rates.

               1. A.P.R. (or annual percentage rate)

               2. Effective APR (or Yield accounts for compounding of interest)

                  and
               3. Add-On Rate.

       A.P.R. is computed by multiplying the interest rate per period (the
period is normally one month) by the number of periods per year.

       Effective A.P.R. (Yield) gives the interest rate equivalent to a
stated A.P.R. as calculated above when the period is one year.

       Many truth-in-lending laws prohibit the use of Add-On rates.  In years
past loan interest rates were often quoted in terms of Add-On Rate.  Add-On
Rate computes the periodic (usually monthly) payment as if the entire Principal
were borrowed for the entire length of the loan.
@TIME DEPOSIT STARTING BALANCE

                   TIME DEPOSIT STARTING BALANCE

       Enter the amount which will initially be invested.  This amount will
accumulate interest for the specified number of periods.

       When STARTING BALANCE is being computed from Ending Balance, 
Interest Rate and Number of Periods (rather than specified) it represents
the PRESENT VALUE of the Ending Balance for the specified Interest Rate and
Number of Periods.
