
AMOUNTPCT=value
APCT=value

specifies the loan amount as a percentage of the purchase price (PRICE= option). The AMOUNTPCT= specification is used to calculate
the loan amount if the AMOUNT= option is not specified. The value specified must be in the range 1% to 100%.
If both the AMOUNTPCT= and DOWNPAYPCT= options are specified and the sum of their values is not equal to 100, the value of
the downpayment percentage is set equal to 100 minus the value of the amount percentage.

COMPOUND=timeunit

specifies the time interval between compoundings. The default is the time unit given by the INTERVAL= option. If the INTERVAL=
option is not used, then the default is COMPOUND=MONTH. The following time units are valid COMPOUND= values: CONTINUOUS, DAY,
SEMIMONTH, MONTH, QUARTER, SEMIYEAR, and YEAR. The compounding interval is used to calculate the simple interest rate per
payment period from the nominal annual interest rate or vice versa.

DOWNPAYMENT=amount
DP=amount

specifies the down payment at the initialization of the loan. The down payment is included in the calculation of the present
worth of cost but not in the calculation of the true interest rate. The aftertax analysis assumes that the down payment is
not taxdeductible. (Specify aftertax analysis with the TAXRATE= option in the COMPARE statement.)

DOWNPAYPCT=value
DPCT=value

specifies the down payment as a percentage of the purchase price (PRICE= option). The DOWNPAYPCT= specification is used to
calculate the down payment amount if you do not specify the DOWNPAYMENT= option. The value you specify must be in the range
0% to 99%.
If you specified both the AMOUNTPCT= and DOWNPAYPCT= options and the sum of their values is not equal to 100, the value of
the downpayment percentage is set equal to 100 minus the value of the amount percentage.

INITIAL=amount
INIT=amount

specifies the amount paid for loan initialization other than the discount points and down payment. This amount is included
in the calculation of the present worth of cost and the true interest rate. The aftertax analysis assumes that the initial
amount is not taxdeductible. (Aftertax analysis is specified by the TAXRATE= option in the COMPARE statement.)

INITIALPCT=value
INITPCT=value

specifies the initialization costs as a percentage of the loan amount (AMOUNT= option). The INITIALPCT= specification is used
to calculate the amount paid for loan initialization if you do not specify the INITIAL= option. The value you specify must
be in the range of 0% to 100%.

INTERVAL=timeunit

gives the time interval between periodic payments. The default is INTERVAL=MONTH. The following time units are valid INTERVAL
values: SEMIMONTH, MONTH, QUARTER, SEMIYEAR, and YEAR.

LABEL='loanlabel'

specifies a label for the loan. If you specify the LABEL= option, all output related to the loan is labeled accordingly. If
you do not specify the LABEL= option, the loan is labeled by sequence number.

POINTS=amount
PNT=amount

specifies the amount paid for discount points at the initialization of the loan. This amount is included in the calculation
of the present worth of cost and true interest rate. The amount paid for discount points is assumed to be taxdeductible in
aftertax analysis (that is, if the TAXRATE= option is specified in the COMPARE statement).

POINTPCT=value
PNTPCT=value

specifies the discount points as a percentage of the loan amount (AMOUNT= option). The POINTPCT= specification is used to
calculate the amount paid for discount points if you do not specify the POINTS= option. The value you specify must be in the
range of 0% to 100%.

PREPAYMENTS=amount
PREPAYMENTS=( date1=prepayment1 date2=prepayment2 ... )
PREPAYMENTS=( period1=prepayment1 period2=prepayment2 ... )
PREP=

specifies either a uniform prepayment p throughout the life of the loan or lump sum prepayments. A uniform prepayment p is assumed to be paid with each periodic payment. Specify lump sum prepayments by pairs of periods (or dates) and respective
prepayment amounts.
You can specify the prepayment periods as dates if you specify the START= option. Prepayment periods or dates and the respective
prepayment amounts must be in time sequence. The prepayments are treated as principal payments, and the outstanding principal
balance is adjusted accordingly. In the adjustable rate and buydown rate loans, if there is a rate adjustment after prepayments,
the adjusted periodic payment is calculated based on the outstanding principal balance. The prepayments do not result in periodic
payment amount adjustments in fixed rate and balloon payment loans.

PRICE=amount
PRC=amount

specifies the purchase price, which is the loan amount plus the down payment. If you specify the PRICE= option along with
the loan amount (AMOUNT= option) or the down payment (DOWNPAYMENT= option), the value of the other one is calculated.
If you specify the PRICE= option with the AMOUNTPCT= or DOWNPAYPCT= options, the loan amount and the downpayment are calculated.

ROUND=n
ROUND=NONE

specifies the number of decimal places to which the monetary amounts are rounded for the loan. Valid values for n are integers from 0 to 6. If you specify ROUND=NONE, the values are not rounded off internally, but the printed output is
rounded off to two decimal places. The default is ROUND=2.

START=SASdateliteral
START=yyyy:period
S=

gives the date of loan initialization. The first payment is assumed to be one payment interval after the start date. For example,
you can specify the START= option as START=’1APR2010’D
or as START=2010:3
, where 3 is the third payment interval within the year 2010. If INTERVAL=QUARTER, 3 refers to the third quarter. If you specify
the START= option, all output for the particular loan is dated accordingly.