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PMT and Amortization Formulas

  1. #1
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    Question PMT and Amortization Formulas

    Scenario:
    Loan: $100,000
    Terms: 360 Months (paid monthly)
    Interest Rate: 5%

    How do I calculate total principal paid in year 2 (i.e months 13-24) and in year 3 (months 25-36). I need to be able to do this without creating a full amortization schedule and referring to it. Thanks in advance.

  2. #2
    Forum Moderator alansidman's Avatar
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    Re: PMT and Amortization Formulas

    This may be helpful. https://www.techonthenet.com/excel/formulas/ppmt.php

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