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In this tutorial, Joshua discusses integrating an interest-only period into an amortization schedule for a $100,000 loan. He outlines the components of the schedule, including the interest rate, number of periods, and the duration of the interest-only period. Key elements include the beginning balance, monthly payment function, and interest calculation, which is determined by multiplying the end of period balance by the monthly interest rate. The principal is calculated as the difference between the total payment and interest. Finally, the end of period balance is the beginning balance minus the principal. The tutorial covers these calculations over a 300-month term.
