Having complete control of your files at any moment is vital to alleviate your daily duties and improve your productivity. Accomplish any objective with DocHub tools for document management and practical PDF editing. Access, modify and save and integrate your workflows along with other protected cloud storage services.
DocHub gives you lossless editing, the opportunity to use any formatting, and securely eSign documents without searching for a third-party eSignature software. Make the most of the file managing solutions in one place. Check out all DocHub capabilities right now with the free profile.
hello Im Joshua car today Id like to talk to you about building an interest-only period into an amortization schedule so in front of us we have a pretty typical amortization schedule following a certain amount of money in this case $100,000 we have an interest rate with a number of periods we have an interest-only period it says how long the interest only period will be as you can see here we have a beginning balance we have a payment function which shows the monthly payment that is our monthly interest rate running for 300 months borrowing $100,000 we have an interest calculation that is simply equivalent to whats the end of period balance and multiplying that by the monthly interest rate and then we have the principal which is the difference between the payment and the interest and then finally we have the end of period balance which is the difference of the beginning of period balance and the principal so since this is running for 300 months we should see that by month 300 we ha