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#1
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Annuity
I want to calculate how much is amortization on a car lease with annuity.
We pay the same amount each month, so in the beginning a larger part is interest and a smaller part is amortization. What I want to calculate is how much have been amortized after for example one year. Which function do I use for this? Annika |
#2
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Annuity
Hi Annika,
There are many ways to do that. One is to download this Loan Amortization template: http://office.microsoft.com/en-us/ex...346401033.aspx Another is to use Excel's Financial functions, described he http://office.microsoft.com/en-us/ex...117451033.aspx -- Kind regards, Niek Otten Microsoft MVP - Excel "Annika" wrote in message ... |I want to calculate how much is amortization on a car lease with annuity. | | We pay the same amount each month, so in the beginning a larger part is | interest and a smaller part is amortization. What I want to calculate is how | much have been amortized after for example one year. | | Which function do I use for this? | | Annika |
#3
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Annuity
Thanks a lot Niek, I used the first option.
Kind regards, Annika "Annika" skrev: I want to calculate how much is amortization on a car lease with annuity. We pay the same amount each month, so in the beginning a larger part is interest and a smaller part is amortization. What I want to calculate is how much have been amortized after for example one year. Which function do I use for this? Annika |
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