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Anyone know of a way to calculate the repayment schedule for a loan with
fixed interest rate and term, and a deferred payment schedule? For example, figuring the payments on a 40-year loan for the amount of $10 million at 6%, if the payments were only made in years 26 through 40. Functions in Excel, from what I see, require payments to begin in year 1. I can use the NPV function to try to get in the ballpark, but that's a slow, interative process. Thanks for the help. |
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