YPJunk
Member
Hello!
I am having difficulty creating an amortization schedule due to the compounded interest. The details are below and attached. Can anyone assist?
Principal: $4,063,379
Annual Interest Rate: 8% (based on 360-day year)
Compounded: Monthly
Payments: Quarterly interest payments only until maturity
Loan Disbursement Date: 10/30/2012
First Quarterly Payment: 01/01/2013
Maturity Date: 12/31/2029
I appreciate all your help!
Sincerely,
YP
I am having difficulty creating an amortization schedule due to the compounded interest. The details are below and attached. Can anyone assist?
Principal: $4,063,379
Annual Interest Rate: 8% (based on 360-day year)
Compounded: Monthly
Payments: Quarterly interest payments only until maturity
Loan Disbursement Date: 10/30/2012
First Quarterly Payment: 01/01/2013
Maturity Date: 12/31/2029
I appreciate all your help!
Sincerely,
YP
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