The simple loan calculator from Microsoft is designed to generate a loan amortization schedule based on the specific details you provide. The Microsoft loan calculator is available as a free, instant download right here on this page courtesy of TemplateHaven.com. Download the simple loan calculator and manage your finances quickly, easily and more efficiently today!
How to Use the Microsoft Loan Calculator
Once you’ve successfully downloaded the simple loan calculator, open the file in Microsoft Excel. The simple loan calculator comes in the form of an easy-to-read, use and understand Excel spreadsheet. While designed to be an all-in-one solution for your amortization needs, each aspect of the Microsoft loan calculator can be customized to better suit your purposes.
The first step in using the simple loan calculator is to specify the amount of the loan you’ve taken out. Next, add the annual interest rate, loan period in years, as well as the start date of the loan. You will complete the top section of the simple loan calculator by inputting the monthly payment amount, the number of payment you will make, the total interest and the total cost of the loan.
The body of the simple loan calculator will help you track the following information:
- Payment Number
- Payment Date
- Beginning Balance
- Payment Amount
- Principal Total
- Interest Total
- Ending Balance
The simple loan calculator will monitor all of the aforementioned information once the initial details are added to the top of the spreadsheet. The body will help you track how much you have paid towards the loan, how many payments you’ve made, how much has gone to the principal, how much interest you’ve racked up, and how long it will take until the loan will be paid off in full.
The simple loan calculator is perfect for home loans, auto loans, personal or private loans and many other forms of loans. It will help keep you on schedule and abreast of where you stand.
Download the free simple loan calculator from Microsoft and save money today!
Download: Loan Calculator
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