XTR : Amortization Schedule
Hi,
Can anyone advise if there is any way available to generate Amortization Schedule .
E.g. Business expects to generate a Loan Amortization schedule for a Principal of 1000 , Duration 12 Months , Period Monthly , Interest Rate of 10% .
Where it should show like :
Interest rate : 10%
Term : 12 months
loan amount : 1000
Month | Payment | Interest | Principal | Balance(out) |
---|---|---|---|---|
1 | 87.92 | 8.33 | 79.59 | 920.41 |
2 | 87.92 | 7.67 | 80.25 | 840.16 |
3 | 87.92 | 7 | 80.92 | 759.24 |
4 | 87.92 | 6.33 | 81.59 | 677.65 |
5 | 87.92 | 5.65 | 82.27 | 595.38 |
6 | 87.92 | 4.96 | 82.96 | 512.42 |
7 | 87.92 | 4.27 | 83.65 | 428.77 |
8 | 87.92 | 3.57 | 84.35 | 344.42 |
9 | 87.92 | 2.87 | 85.05 | 259.37 |
10 | 87.92 | 2.16 | 85.76 | 173.62 |
11 | 87.92 | 1.45 | 86.47 | 87.14 |
12 | 87.92 | 0.73 | 87.19 | 0 |
Requesting kind help and guidance on the same.
Thanks,
Soumya