Hello! I have a task of calculating the monthly interest, principal, and balance of accounts that are in an installment payment plan. While searching the net, I discovered proc loan.
My data looks like this:
Acctnum | Amort | Balance | Term(months) | EffectiveRate |
5296 | 9250.00 | 100000.00 | 12 | 19.71885 |
1356 | 4687.50 | 90000.00 | 24 | 22.41502 |
6976 | 6516.67 | 85000.00 | 15 | 21.60180 |
8610 | 6600.00 | 55000.00 | 9 | 18.81004 |
0966 | 2163.33 | 33000.00 | 18 | 21.64264 |
This is the code for the first account
proc loan;
fixed amount=100000 rate=19.71885 payment=9250 life=12 round=2
schedule=1;
run;
the output looks like this
Loan Repayment Schedule Loan No. 1 |
||||||
---|---|---|---|---|---|---|
Month | Year | Beginning Outstanding |
Payment | Interest Payment |
Principal Repayment |
Ending Outstanding |
Dec | 0 | 100000.00 | 0.00 | 0.00 | 0.00 | 100000.00 |
*** | 0 | 100000.00 | 0.00 | 0.00 | 0.00 | 100000.00 |
Jan | 1 | 100000.00 | 9250.00 | 1643.24 | 7606.76 | 92393.24 |
Feb | 1 | 92393.24 | 9250.00 | 1518.24 | 7731.76 | 84661.48 |
Mar | 1 | 84661.48 | 9250.00 | 1391.19 | 7858.81 | 76802.67 |
Apr | 1 | 76802.67 | 9250.00 | 1262.05 | 7987.95 | 68814.72 |
May | 1 | 68814.72 | 9250.00 | 1130.79 | 8119.21 | 60695.51 |
Jun | 1 | 60695.51 | 9250.00 | 997.37 | 8252.63 | 52442.88 |
Jul | 1 | 52442.88 | 9250.00 | 861.76 | 8388.24 | 44054.64 |
Aug | 1 | 44054.64 | 9250.00 | 723.92 | 8526.08 | 35528.56 |
Sep | 1 | 35528.56 | 9250.00 | 583.82 | 8666.18 | 26862.38 |
Oct | 1 | 26862.38 | 9250.00 | 441.41 | 8808.59 | 18053.79 |
Nov | 1 | 18053.79 | 9250.00 | 296.67 | 8953.33 | 9100.46 |
Dec | 1 | 9100.46 | 9250.00 | 149.54 | 9100.46 | 0.00 |
*** | 1 | 100000.00 | 111000.00 | 11000.00 | 100000.00 | 0.00 |
My question is, is there a way to have the output in one row only for each account that i can export as excel file? like all 12 interest/principal/balance in one row.
Acctnum | Amort | Balance | Term(months) | EffectiveRate | interest1 | interest2 | interest3 | principal1 | principal2 | principal3 | outstandingbal1 | outstandingbal2 | outstandingbal3 |
5296 | 9250.00 | 100000.00 | 12 | 19.71885 | 1643.24 | 1518.24 | 1391.19 | 7606.76 | 7731.76 | 7858.81 | 92393.24 | 84661.48 | 76802.67 |
Any help or recommendation will be greatly appreciated! I have thousands of accounts so I'm looking for ways to do the task as fast as possible.
Firstly I have to confess that I've never used Proc Loan but looking at it's documentation you have two extra problems:
You can "sort of" get round the first problem by using a macro as in this SAS note http://support.sas.com/kb/38/168.html - you'll have to:
Here's a link to the full syntax for Proc Loan https://support.sas.com/documentation/onlinedoc/ets/132/loan.pdf
This should be possible - good luck!
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