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Can anyone help me.
Of course I only want to know the principal amounts of a given loan. But I want to incorporate a prepayment that would affect the remaining loan amount. For example: The loan amount is 375,000 the annual intrest rate is 18.00% Loan period in years is 5 I have a spreadsheet that has 60 columns with a constant loan amount and 60 rows with the principal amount in each row. 375,000 457,000 457,000 398,000 so on ---- until 60 row 1 3,897.54 row 2 3,956.00 row 3 4,015.34 row 4 4,075.57 row 5 4,136.70 row 6 4,198.75 row 7 4,261.73 row 8 4,325.66 row 9 4,390.54 If I put a prepayment in row 6 how can I calculate the remaining principal amounts. Thanks |