Loan Amortization

The Amortization form allows you to quickly generate amortization schedules which provide:

• Balance of the loan after payment(s) are made.

• Periodic payment amount.

• Interest portion of a payment.

• Principal portion of a payment.

To generate an amortization schedule

• Verify/set Payment mode (set via the TVM form or via the Preferences window) For most reduction loans this should be set to END.

• Enter the loan term in the Number of periods field.

• Enter the Annual Interest in the Annual Interest I%/YR field.

• Enter the loan amount in the Present value PV field.

• Tap the Payment button to determine the periodic payment amount. (Or enter a value manually)

• Enter the Amortization payment range into the calculate from and to fields.

• Tap the Calculate button (or spacebar if the cursor is still in the Schedule range fields) to amortize the number of periods specified.

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