The ACL Payment Estimator is an Excel 4.0 application which allows you to
estimate loan payments for a system purchased via the Apple Computer Loan. You
must have Microsoft Excel 4.0 to run this application.
LEGAL DISCLAIMER: The information this application provides is only an estimate
of Apple Computer Loan payments. Apple Computer, Inc. and University Support
Services, Inc. will not be held liable for any use or misuse of this application
and the loan estimates it provides.
This application is authorized for only TWO uses:
1) Informing customers of an ESTIMATE of what their monthly payments may be if
they purchase Apple products using the Apple Computer Loan. You may
communicate this information verbally to the customer, but you may NOT print
off this information and give it to the customer.
2) Estimating payments for use in marketing materials. If you do chose to do
this, you must make sure a disclaimer is on such materials. An example:
Assuming an end-user price of $1297 for a Macintosh system:
Price of computer to customer: $1297
Price of computer + 5.5% loan origination fee: $1368.34
Monthly payment would be: $10.62
The legal disclaimer in small type on the marketing materials would need to
read:
* Based on an Apple Computer Loan of $1368.34. The interest rate is variable
based on the commercial paper rate plus 5.35%. Eight (8) year loan term with
no prepayment penalty. A 5.5% loan origination fee will be added to the
requested loan amount. Students may defer principal payments up to 4 years.
For the month of October 1993, the interest rate was 8.53% with an APR of
9.44%. Computer system prices may vary."
You must call 800-Apple-LN (800-277-5356) to for the most recent information to fill in the sentence that reads: "For the month of XXXXX 199X, the interest rate was X.XX%
with an APR of X.XX%." The reseller, of course, determines the price stated in
the first sentence.
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Operating the ACL Estimator:
1) Copy the ACL Estimator to your hard drive by dragging the “ACL Estimator” folder to your hard drive.
2) Double-click on the “ACL Estimator” folder. A window will appear.
3) Select all 5 documents: The ACL Estimator, The ACL Estimator 2, The ACL
Estimator 3, The ACL Estimator 4, and The ACL Macro. Open them by pressing
Command-O on the keyboard, or by dragging all five documents at once to the
Excel 4.0 icon.
4) All five documents will open. If any dialog boxes appear, click the CANCEL
button on them. "The ACL Macro" document will most likely be in the forefront.
5) Go to the Window menu and select "The ACL Estimator". "The ACL Estimator"
window will come to the front. Enter the price of the system in the specified
field and hit return. If it is a student purchase, enter a graduation date in the specified field in the following format: Month/Year and hit return.
6) Click the appropriate button to get the payment amounts for student or
faculty/staff. Other buttons help you navigate the application.
7) To QUIT the application, select Quit from the File menu. If any dialog
boxes appear and ask you to save the files, select "No".
If you have questions about the operation of The Apple Computer Loan Estimator,
