Amortization Schedule in Excel - Know how much interest will be saved by large payment

Posted by hubbas on Super User See other posts from Super User or by hubbas
Published on 2013-11-08T00:07:18Z Indexed on 2013/11/08 22:00 UTC
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I have a really nice Amortization Schedule built in Excel using the steps from this page: http://www.wikihow.com/Prepare-Amortization-Schedule-in-Excel

It works really nicely, but I am planning to make some large payments and I would love to calculate how much interest I will save, over the life of the loan, for making these larger payment.

E.g., if I pay $10k for one payment I will save $4000 in interest over the life of the loan, etc.

Is there a way to calculate this?

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Amortization Schedule in Excel - Know how much interest will be saved by large payment - Developer IT

Amortization Schedule in Excel - Know how much interest will be saved by large payment

microsoft-excel

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Connecting to Microsoft Excel using Oracle Data Integrator

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How to code Microsoft Excel "Shift Cells Up" feature in SQL

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