Loan Amortization Quarterly Payments
Has anyone got a loan amortization table in excel for loans with payments every four months? I need to calculate the payment amount for a loan that will pay three times a year 20 times
Solution
This is not a programming question, but...
Quarterly means 4 times per year (every 3 months), and 20 payments would take 5 years.
3 payments per year is called Triannually and will take 6 years and 8 months.
I'm pretty sure you meant quarterly.
A quick search found:
Loan amortization schedule template
Create a loan summary and payment schedule based on the terms of the initial loan with this loan amortization schedule template. This is an accessible template. (Excel)
Download Template
(Source)
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