Using an amortization schedule can help accelerate repayment: Making additional payments towards the principal can reduce interest costs and shorten the life of the loan.It involves inputting loan details, calculating payment amounts and interest/principal payments, and creating the amortization table. Creating an amortization schedule in Excel is easy and efficient: Using Excel to create an amortization schedule allows for customization and ease of use.This information is vital for making informed decisions about loan repayment. ![]() ![]()
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