For an Excel solution, take your pick:
http://office.microsoft.com/en-us/te...tion&av=TPL000
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Steve
"gls858" wrote in message
...
gls858 wrote:
I need to show a loan amortization and I don't have a clue what to do.
Here's the data.
8.5% interest rate compounded monthly
loan amount 47,500.00
24 payments
I would like to show the interest and principle paid each month.
TIA
gls858
I'm so used to looking here for solutions I forgot to check the web.
I found a site that gave me exactly what I wanted.
Thanks to Bret Whissel at
http://www.bretwhissel.net/cgi-bin/amortize
gls858