Added Payment Amortization + - Version 1.2 This program is a 16 bit version of an added paymentschedule that demonstrates the effect of added paymentsto reduce the term of a loan and also reduce the amountof interest paid. It will run under Win 95, 98, Me, XP& 2000. By making additional principal payments whenpaying your monthly mortgage, you will reduce the termof the loan and gain equity in your home at a fasterpace. If you decide to utilize this method of payment,be sure that the bank or other lending institution credits the amount against the principal of the loaneach month. Printouts are professional looking and maybe used by financial planners as they contain a"prepared by:" area and may be useful for advising aclient on this method of mortgage payment bydemonstrating to them the effect this type of paymenthas on the term of the loan as well as the total amountof interest paid.