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wen22222

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financial function

Hello. I just bought a house and used the PMT and PPMT function to
calcualate payments, interest, principal on my loan. Is there a function to
calculate the effect of paying additional principal? For instance, the PMT
function calculates a monthly payment of 878.23. I want to be able to figure
out how much time will be cut off if I paid 950 per month.

Thanks.
Wendy

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