Contributor: GAYLE DAVIS program Amortization_Table; Uses Crt,Printer; var Month : 1..12; Starting_Month : 1..12; Balance : real; Payment : real; Interest_Rate : real; Annual_Accum_Interest : real; Year : integer; Number_Of_Years : integer; Original_Loan : real; procedure Calculate_Payment; (* **************** calculate payment *) var Temp : real; Index : integer; begin Temp := 1.0; for Index := 1 to 12*Number_Of_Years do Temp := Temp * (1.0 + Interest_Rate); Payment := Original_Loan*Interest_Rate/(1.0 - 1.0/Temp); end; procedure Initialize_Data; (* ******************** initialize data *) begin Writeln(' Pascal amortization program'); Writeln; Write('Enter amount borrowed '); Readln(Original_Loan); Balance := Original_Loan; Write('Enter interest rate as percentage (i.e. 13.5) '); Readln(Interest_Rate); Interest_Rate := Interest_Rate/1200.0; Write('Enter number of years of payoff '); Readln(Number_Of_Years); Write('Enter month of first payment (i.e. 5 for May) '); Readln(Starting_Month); Write('Enter year of first payment (i.e. 1994) '); Readln(Year); Calculate_Payment; Annual_Accum_Interest := 0.0; (* This is to accumulate Interest *) end; procedure Print_Annual_Header; (* ************ print annual header *) begin Writeln; Writeln; Writeln('Original loan amount = ',Original_Loan:10:2, ' Interest rate = ',1200.0*Interest_Rate:6:2,'%'); Writeln; Writeln('Month payment interest princ balance'); Writeln; Writeln(Lst); Writeln(Lst); Writeln(Lst,'Original loan amount = ',Original_Loan:10:2, ' Interest rate = ',1200.0*Interest_Rate:6:2,'%'); Writeln(Lst); Writeln(Lst,'Month payment interest princ balance'); Writeln(Lst); end; procedure Calculate_And_Print; (* ************ calculate and print *) var Interest_Payment : real; Principal_Payment : real; begin if Balance > 0.0 then begin Interest_Payment := Interest_Rate * Balance; Principal_Payment := Payment - Interest_Payment; if Principal_Payment > Balance then begin (* loan payed off *) Principal_Payment := Balance; (* this month *) Payment := Principal_Payment + Interest_Payment; Balance := 0.0; end else begin (* regular monthly payment *) Balance := Balance - Principal_Payment; end; Annual_Accum_Interest := Annual_Accum_Interest+Interest_Payment; Writeln(Month:5,Payment:10:2,Interest_Payment:10:2, Principal_Payment:10:2,Balance:10:2); Writeln(Lst,Month:5,Payment:10:2,Interest_Payment:10:2, Principal_Payment:10:2,Balance:10:2); end; (* of if Balance > 0.0 then *) end; procedure Print_Annual_Summary; (* ********** print annual summary *) begin Writeln; Writeln('Total interest for ',Year:5,' = ', Annual_Accum_Interest:10:2); Writeln; Writeln(Lst); Writeln(Lst,'Total interest for ',Year:5,' = ', Annual_Accum_Interest:10:2); Annual_Accum_Interest := 0.0; Year := Year + 1; Writeln(Lst); end; begin (* ******************************************* main program *) Clrscr; Initialize_Data; repeat Print_Annual_Header; for Month := Starting_Month to 12 do begin Calculate_And_Print; end; Print_Annual_Summary; Starting_Month := 1; until Balance <= 0.0; end. (* of main program *)