Having complete power over your papers at any moment is important to relieve your everyday tasks and increase your efficiency. Accomplish any goal with DocHub tools for document management and hassle-free PDF editing. Gain access, change and save and integrate your workflows along with other secure cloud storage.
DocHub offers you lossless editing, the possibility to work with any formatting, and safely eSign documents without having looking for a third-party eSignature software. Get the most of your document managing solutions in one place. Try out all DocHub capabilities today with the free profile.
In this video tutorial, the focus is on creating an amortization schedule for a mortgage or loan of $300,000 with a 30-year term and an annual interest rate of 5%, starting on July 1, 2020. First, the number of payments is calculated, which is 360 monthly payments (30 years multiplied by 12). The monthly interest rate is determined by dividing the annual rate by 12. To find the monthly mortgage payment, the video demonstrates using the PMT function, with the monthly rate referenced in the calculations.