What is the formula for finding the amortization schedule for at least 3 monthly payments of a 30-yr loan?
The mortgage lender will supply the borrower with a complete
amortization schedule when requested. The schedule will show
previous payments made and the application of all future payments
until the completion of the loan.
What is an amortization schedule?
a display of the number of payments and the amount of interest that will be paid. If you are interested in what an amortization schedule is, there are many information websites to help you. However, to answer you question, it is a calculator used to calculate loan payments and how much goes towards the interest and how much goes towards the principal.
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How do you calculate the degree of solvency?
Degree of solvency can be calculated using the formula Degree=(assets on a solvency basis-reduction+special amortization payments)/(liabilities on a solvency basis-reduction). Here reduction is said to be the sum of interest on transfers and contributions, plans, voluntary contribution and plan's defined contribution component.