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| Amortization Schedule Formula: Principal = Payment * ( ( 1 - ( ( 1 / ( 1 + Periodic Interest Rate ) ) ^ Number of Payments ) ) / Periodic Interest Rate ) | |||
Amortization Schedule Definition Using this free online Amortization Schedule Calculator is very easy. While it may seem daunting when someone asks you, “Hey, do you know how to calculate a loan amortization schedule?” (This is a great pick up line by the way) you can now respond with confidence because of the free Amortization Schedule Calculator on this page. Enter in the loan amount, annual interest rate, length of the loan, and the loan down payment to start right now! How to Calculate Amortization Schedule Let's be honest - sometimes the best amortization schedule calculator is the one that is easy to use and doesn't require us to even know what the amortization schedule formula is in the first place! But if you want to know the exact formula for calculating amortization schedule then please check out the "Formula" box above. |