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The amortization screen produces a payment schedule and solves for any
one of the four variables (amount of loan, number of months, interest rate
or monthly payment amount) if the other three variables are known:
Amount of Loan
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The principal amount of the loan.
Number of Months
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Duration in months over which the loan is amortized.
Annual Interest Rate
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The percentage rate on the loan.
Monthly Payment
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How much is due each month when the loan is amortized.
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Last modified: 18 March 2007
Copyright © 2007 Cassandra Software, Inc. All Rights Reserved. CassandraSoftware.com/products/amortize/slideshow/sld_001.html
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