|
|
This detailed loan payment simulation
will calculate the principal and interest required to pay off a loan
at a specified interest rate and period of time. For example, it can
be used to determine the payment amount necessary for an automobile
loan.
If any four of these five values are completed, the program
calculates the fifth value: amount borrowed, annual interest rate,
number of payments per year, amortization period in years, payment
amount. The annual loan payment schedule can be displayed by
specifying the number of years you would like to see from the start
date of your loan.
|
|
