Monday, February 14, 2022

Calculate Cumulative Principal & Interest

When you've got a loan or mortgage and you're the analytical type, maybe you'd want to know how much you're paying in principal and interest for a giving time period. For example for the first year, how much is that payment for the principal (hint: it's not much) and how much of the payment is interest going to the bank (it might surprise you). You can figure this out with Excel.

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