Entering formulas in scheduled transactions
Jon Lapham
lapham at extracta.com.br
Tue Sep 9 10:21:48 CDT 2003
Derek Atkins wrote:
> Jon Lapham <lapham at extracta.com.br> writes:
>>Amortization - the repayment plan which will insure that a loan is
>>eventually paid off, typically utilizing equal valued monthly payments.
>
> I think it's ok.. You may want to add something to the affect of
> "These payments are usually split into principal and interest, where
> the amount of principal per payment increases (and interest decreases)
> as the amortization period elapses."
Okay, it now reads:
Amortization - the repayment plan which will insure that a loan is
eventually paid off, typically utilizing equal valued monthly payments.
These payments are usually split into principal and interest, where the
amount of principal per payment increases (and interest decreases) as
the amortization period elapses.
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Jon Lapham <lapham at extracta.com.br> Rio de Janeiro, Brasil
Work: Extracta Moléculas Naturais SA http://www.extracta.com.br/
Web: http://www.jandr.org/
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