When a lender like a bank extends a loan to a borrower, provisions will be made for the borrower to repay the loan amount some time in the future or in parts periodically. At the same time, the lender will expect to receive interests from the borrower as a reward of undertaking the risk to lend out the money. When the loan amount is repaid by parts over a certain amount of time, the loan is called an amortized loan. A borrower will typically be interested in knowing how much he will have to pay periodically if he takes up a loan of a certain amount over a certain period of time. Other information like how much total interest he will have to incur, the total principal loan amount outstanding at a specific point in time and whether he will be able to afford the loan if he shorten the total loan period will also be of interest to the borrower. All these information can be easily illustrated using a Loan Amortization Schedule. This Free Loan Amortization Schedule Excel spreadsheet can be used to easily generate a complete Loan Amortization Schedule.
VERSION HISTORY
- Version 1.0 posted on 2009-09-22
New Release
Program Details
- Category: Business > Investment Tools
- Publisher: ConnectCode Pte Ltd
- License: Free
- Price: N/A
- Version: 1.0
- Platform: windows
EULA
Software License Agreement The Free Loan Amortization Schedule together with its accompanying documentation (referred to as "Software" in this Agreement) is the property of ConnectCode Pte Ltd ("ConnectCode"). By installing or using this Software, you (or you on behalf of your organization) are agreeing to the terms and conditions of this Agreement. This Software is protected under International Copyright Laws. 1. License Grants Free Personal User License The license associated with this Software allows for free personal use only. 2. License Restrictions You may not sell, copy, emulate, clone, rent, lease, adapt, translate, sublicense, decompile, disassemble, otherwise reverse engineer Software except as specified in this agreement. Any unauthorized use shall result in immediate and automatic termination of this license and may result in prosecution. 3. Termination This Agreement takes effect upon your use of the Software and remains effective until terminated. It will be terminated automatically without notice from ConnectCode if you fail to comply with any provision contained here. You agree on termination of this Agreement to destroy all copies of the Software in your possession. 4. Limitation of liability In no event will ConnectCode be liable to you for any damages, including any lost profits, lost savings, or other incidental or consequential damages arising from the use or the inability to use the software, even if an authorized dealer or distributor has been advised of the possibility of these damages. ConnectCode will not be liable to you for any damages if you lose money (or reputation, or any other losses) on your investments or speculations as a result of using or misusing the Software. 5. Warranty Disclaimer ConnectCode disclaims all warranties, whether expressed, implied, or otherwise, including the warranties of merchantability or fitness for a particular purpose. ConnectCode does not warrant that the software is error-free or will operate without interruption.