Loan Balance

Nov 30, 2009

I owe 15462 in the bank, currency dont matter here, that is what I owe right now, but I want to have a cell in the frontpage with the amount left, so can I make a line called =remaining-each month

the amount should then each month be substracted from the new month and so on, until the amount is 0

can this be done?

the second page in the spreadsheet has a post with monthly pays to the bank ...

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If a user inserts the total "Number of Payments per year", then I want the date to return the proper payment date.

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Here is the effective rate calcs on a random normal amortization loan:

this is in B2, and answer is 7%
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A B C
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2Term 10 years
3Rate
4Amortization30 years
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