This calculator uses Normal Amortization with a 365-day year interest compounded monthly. Interest is compounded monthly for full calendar months. For partial months (stub periods), a daily rate is achieved by converting the annual rate to a daily equivalent.
Stub period: Any time period shorter than one full month.
Enter the Payment Type, Start Date, # Payments, COLA % (annual cost of living adjustment).
Either the Purchase Price or the Nominal Rate must be provided, as each value is dependent on the other for calculation.
| # | Type | Start Date | Amount | # Payments | COLA % | # Periods Before Increase | End Date | Delete |
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| # | Date | Payment | Interest | Principal | Balance |
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