Calculate monthly payments on a loan, including a mortgage loan payment, a credit card loan payment, a down payment calculation, a loan payoff time, and a monthly payment goal. We have used Microsoft 365 to prepare this article, but these methods are also applicable to Excel 2021, 2019, 20...
I need a formula to calculate a loan payment with additional principle added to accelerate payoff... Douglas997twrote: ``The additional payment made each month is to be applied directly to principle as opposed to as a prepayment applied to both principle & interest.`` Ostensibly...
Answer to: How do you calculate the principle for straight line amortization if we know the total interest paid, the loan term, and the interest...
I need a formula to calculate a loan payment with additional principle added to accelerate payoff... Douglas997twrote: ``The additional payment made each month is to be applied directly to principle as opposed to as a prepayment applied to both principle & interest.`...
I need a formula to calculate a loan payment with additional principle added to accelerate payoff... Hello All! This relates to a Mortgage Payment scenario. Calculation of the payment ( PMT(Int/12,Term,-Bal.) ) then illustrating the effects of an additional dollar amount being...