Loan Amount: 2016042 $
annual interest rate: 6%
Loan period in years: 7
start date of loan: 01/05/2021
6 months payment: calculate (payments are done in 6 months schedule)
number of payments: 14
total interest: calculate
total cost of loan: calculate
please help!
i need an excel...
I'm trying to build a function to calculate the closing costs associated with certain loan parameters. Example here is 30yr loan, note rate is 4.125, APR is 4.198, loan amount $200,000. I can figure out the APR using the =RATE function, having the total closing costs already on hand. In this...
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