Personal Finance

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# What is the formula for finding the amortization schedule for at least 3 monthly payments of a 30-yr loan?

###### Wiki User

###### March 17, 2005 3:28PM

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.

## Related Questions

###### Asked in Loans, Mortgages, Business Accounting and Bookkeeping

### 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.

###### Asked in Credit Reports, Sales and Customer Service, Financial Statements

### 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.