This document appears to be instructions for a simple loan calculator that allows users to enter a loan amount, annual interest rate, and loan period in years to calculate the monthly payment, number of payments, total interest, and total cost of the loan over the lifetime of the loan. It then displays a table showing the payment date, beginning balance, payment amount, amount applied to principal, amount applied to interest, and ending balance for each payment over the course of the loan.
This document appears to be instructions for a simple loan calculator that allows users to enter a loan amount, annual interest rate, and loan period in years to calculate the monthly payment, number of payments, total interest, and total cost of the loan over the lifetime of the loan. It then displays a table showing the payment date, beginning balance, payment amount, amount applied to principal, amount applied to interest, and ending balance for each payment over the course of the loan.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLS, PDF, TXT or read online from Scribd
This document appears to be instructions for a simple loan calculator that allows users to enter a loan amount, annual interest rate, and loan period in years to calculate the monthly payment, number of payments, total interest, and total cost of the loan over the lifetime of the loan. It then displays a table showing the payment date, beginning balance, payment amount, amount applied to principal, amount applied to interest, and ending balance for each payment over the course of the loan.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLS, PDF, TXT or read online from Scribd