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Interest payment
this will walk you through it step-by-step
http://www.dailydoseofexcel.com/arch...ization-table/ "da" wrote: For loan amount 12,000, interest rate 2%, loan term 3 years (36 payments), how would you set up the columns and what would be the result in each cell interest payment, principal payment, and loan balance each month and total cost of the loan? Thank you |
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