apgmin
Board Regular
- Joined
- Mar 1, 2010
- Messages
- 150
- Office Version
- 2013
- Platform
- Windows
When we give a loan to a friend, the payments are at most erratic, some months they repay the exact emi, some months they skip all together and some months the pay excess.
now most of the loan amortisation tables show the month of payment, emi amount, principal deducted, interest deducted and balance principal.
Now in these tables we cannot insert the actual; amount we received, So if the month is skipped or paid excess or less, there is o effect on the subsequent months emi or increase in tenure.
Can some one make a table where in we can mention the actual amount repaid by the person in a particular month and if theer is variance in the emi payable and the amount paid the table recalculates from that point onward by increasing the tenure or emi amount
now most of the loan amortisation tables show the month of payment, emi amount, principal deducted, interest deducted and balance principal.
Now in these tables we cannot insert the actual; amount we received, So if the month is skipped or paid excess or less, there is o effect on the subsequent months emi or increase in tenure.
Can some one make a table where in we can mention the actual amount repaid by the person in a particular month and if theer is variance in the emi payable and the amount paid the table recalculates from that point onward by increasing the tenure or emi amount