I am given a few peaces of information. One is the original mortgage amount. Second is the interest rate. Third is the date when the mortgage was taken out. Using a formula for amortization i need to calculate what the estimated remaining balance is.
I will be using this to process data and the interest rate will be variable based on the year the loan was taken out.
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Hi, I am Working as manager accounts and loan amortization schedule is a basic thing that we do here. Please share you details and i can help you right away. best regards