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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.

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20y ago

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How can one find amortization for a loan or investment?

To find amortization for a loan or investment, you can use a formula that calculates the gradual reduction of the loan balance over time. This formula takes into account the loan amount, interest rate, and loan term to determine the periodic payments needed to pay off the loan. You can also use online calculators or financial software to simplify the process.


What is an amortization Table?

An amortization table is a graph used to recalculate loan payments. More specifically, mortgage payment recalculations. It is a very good tool that is utilized by loaners/bankers/credit unions.


How are annuity payments calculated?

Annuity payments are calculated based on factors such as the initial investment amount, interest rate, and length of the annuity. The formula typically used is based on the present value of the annuity formula, which takes into account these factors to determine the regular payment amount.


How do you calculate the principal and interest payment for a loan?

To calculate the principal and interest payment for a loan, you can use the formula: Payment Principal x (Interest Rate / 12) / (1 - (1 Interest Rate / 12)(-Number of Payments)). This formula takes into account the loan amount (principal), the interest rate, and the number of payments.


What is the loan constant formula in Excel and how can it be used to calculate loan payments?

The loan constant formula in Excel is PMT(rate, nper, pv). This formula can be used to calculate loan payments by inputting the interest rate (rate), the number of payment periods (nper), and the loan amount (pv). Excel will then calculate the fixed payment amount needed to pay off the loan over the specified period.

Related Questions

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.


How can one find amortization for a loan or investment?

To find amortization for a loan or investment, you can use a formula that calculates the gradual reduction of the loan balance over time. This formula takes into account the loan amount, interest rate, and loan term to determine the periodic payments needed to pay off the loan. You can also use online calculators or financial software to simplify the process.


What is the formula for finding probabilities?

The formula for finding probability depends on the distribution function.


Is the formula for finding the area of an oval the same as the formula for finding the area of a circle?

No because the formula for finding the area of an oval, which is an ellipse, is quite different


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.


What is the formula for finding joules?

There isn't a formula for finding joules. It is a way for finding a force or giving an example.


What is the formula for finding the area of an ellipse?

the formula for finding the area of an ellipse is add it then multiply and subtract that is the final


What is the formula of finding perimeter of a rectangle?

The formula for finding the perimiter of a rectangle is add up all of its sides


What is the formula for finding digital ammeter?

There is no formula for finding anything - except perhaps the inevitable "where was it when you last saw it?"


What is the formula for finding the volume of a liquid?

There is no formula for this. You have to measure the volume.


What is the formula for finding the mass of a cylinder?

The formula for finding area or mass of a cylinder is pi x radius^2density=massxvolume


What is an amortization Table?

An amortization table is a graph used to recalculate loan payments. More specifically, mortgage payment recalculations. It is a very good tool that is utilized by loaners/bankers/credit unions.