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Generate a payoff schedule

After all account information has been specified, you are ready to generate a payoff schedule. To begin this process, choose "Generate Schedule" from the "Portfolio" menu. A dialog will present itself for additional information.

First use the radio buttons to specify which of four schedule types to generate. The descriptions of each follow:

Once you have selected the method of schedule you wish to generate, you will need to enter a few more bits of information. If you chose a schedule that will pay your bills with a set amount of money, enter it in the edit field. If you wish to generate a schedule using a set time frame, enter the number of months you wish to generate the schedule in, in the same edit field.

Finally, use the little arrows to select when the first month payments will commence. By default, it is set to next month. Hit the "OK" button and a schedule window will appear, detailing each month until either all bills are paid or, in the case of unregistered copies, 9 months have elapsed.

Use the Statistic Tool Window

After a schedule has been generated the Statistic Tool Window is an invaluable resource to evaluate the details of your schedule. Choose "Show Statistic Tool" from the "Window" menu to display this floating window.

Click on any cell in your schedule window and the tool will populate itself with information about both the overall portfolio and the account you clicked underneath. You may use this to analyze the effects of different scheduling techniques, and to realize the effects of any advanced options you may have set.

Use the Minimum Interest Tool Window

When trying to figure out the minimum interest on your credit accounts, it may elude you. If you need some quick aid in figuring this out select "Show Interest Tool" from the "Window" menu.

Simply enter the current balance of the account and the minimum payment that is currently due. Click and the minimum interest amount will appear in the tool window. Copy this number to the respective block on your account dialog.

Use the Amortization Tool Window

At any time you may use the amortization tool to figure mortgage values. Simply select "Show Amortization Tool" from the "Window" menu.

You may use the calculator to solve for either the principle balance or the monthly payment for typical mortgages. Click the radio button to the left of the information you have (principle or monthly payment). Enter the duration of the loan (in years) and the annual interest rate. When you click the tool will solve the eluding factor.

If you have a Canadian mortgage or other mortgage that compounds semi-annually be sure to set the appropriate preference option.



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