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Get And Sign Execution Version VariableDiscounted Rate Loan Transaction Form

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for this tutorial I'm going to show you how to calculate the interest payments for a loan but more specifically I'm going to show you how to calculate what part of that payment is principal and what part is just pure interest now in another tutorial I explained how to get the actual monthly payments and so I'm not going to explain that now just the principal in the interest so let me change the term of the loan to 30 years at six point five percent now what I have here is the amount of the loan the yearly interest rate the term of the loan in years and then over here I have the monthly interest rate calculated from the yearly and what your monthly payments going to be I'm assuming it's a fixed rate loan so the next thing I want to figure out is what your principal payment will be and what your interest payment will be now these are very simply the P PMT and I PMT functions so what I'm gonna do is right here recalculate month one so the interest payment we already know what that is let'

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