When you've got a loan or mortgage and you're the analytical type, maybe you'd want to know how much you're paying in principal and interest for a giving time period. For example for the first year, how much is that payment for the principal (hint: it's not much) and how much of the payment is interest going to the bank (it might surprise you). You can figure this out with Excel.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.