T-Value Question - Posted by Carey_PA

Posted by Carey_PA on February 20, 2000 at 20:01:46:

Hello all,

I have a question for ya about the TValue Software. I got it for a present and i’m just now getting around to putting it on my computer.

I’m entering my first note into the program. And I’m doing so by following the first example in the book, about Bentley auto loan.

I did everything, including the rounding and amort. table.
But here’s my question, when my buyer pays me every month, can i put that into TVale and if so HOW without messing everything up.

Because i’ve been trying to figure it out on my own, but i end up messing all of the figures up. As it was in the beginning, there were 48 payments of 186.93 due. Then I entered the figures into time value with his first payment and doing the rounding thing and it said there are 46 payments of 186.93 due and 1 of 186.62. So that’s what the chart says a) the 7,000 loan amount
b) the first payment of 186.93
c) 46 more payments of 186.93 due
d) and then 1 payment of 186.62 due

NOW, how do i put all of his payment info month by month in there WITHOUT messing up all of the figures? I know I just made a simple question wayyyyy to long, sorry.