I am hoping to find a template to help calculate an amount due for interest.
It is for a large amount of principal over a number of years. The amount is subject to interest compounded daily. There is no installment payment agreement in place. Over the years, several large payments have taken place to reduce the amount due. These reduced the amount due (and the interest should be lessened too).
Does anyone what type of template could make these calculations? Please let me know. Thanks.
jphnbil
It is for a large amount of principal over a number of years. The amount is subject to interest compounded daily. There is no installment payment agreement in place. Over the years, several large payments have taken place to reduce the amount due. These reduced the amount due (and the interest should be lessened too).
Does anyone what type of template could make these calculations? Please let me know. Thanks.
jphnbil
