srizki
Well-known Member
- Joined
- Jan 14, 2003
- Messages
- 1,844
- Office Version
- 365
- Platform
- Windows
Good morning,
I need to prepare an amortization schedule.
Term 24 months
Loan amount $499.99
Interest rate 6%
So far okay, but the client pays two months' payment in the first month. Now how do we show it on schedule? The term should still show 24 months, but the payment will complete in 22 months.
Please advise.
Most regards,
I need to prepare an amortization schedule.
Term 24 months
Loan amount $499.99
Interest rate 6%
So far okay, but the client pays two months' payment in the first month. Now how do we show it on schedule? The term should still show 24 months, but the payment will complete in 22 months.
Please advise.
Most regards,
