{"id":24552,"date":"2017-10-04T21:36:25","date_gmt":"2017-10-04T21:36:25","guid":{"rendered":"http:\/\/www.oracletutoring.ca\/blog\/?p=24552"},"modified":"2017-10-04T21:36:25","modified_gmt":"2017-10-04T21:36:25","slug":"excel-payment-against-principal","status":"publish","type":"post","link":"https:\/\/www.oracletutoring.ca\/blog\/excel-payment-against-principal\/","title":{"rendered":"Excel: payment against principal"},"content":{"rendered":"<h1>Tutoring financial math, amortization arises. The tutor mentions the Excel function for it.<\/h1>\n<p><strong>Example: For a 25-year loan of $100,000 at 4%, compounded monthly with monthly payments, what is the amount against the principal of the 101st payment?<\/strong><\/p>\n<p>Solution:<\/p>\n<p>Using Excel, it would be =ppmt(4%\/12, 101, 300, 100000), which gives -271.30 (meaning a reduction of 271.30 against the principal).<\/p>\n<p>Jack of <a href=\"https:\/\/www.oracletutoring.ca\">Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tutoring financial math, amortization arises. The tutor mentions the Excel function for it. Example: For a 25-year loan of $100,000 at 4%, compounded monthly with monthly payments, what is the amount against the principal of the 101st payment? Solution: Using &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"more-link\" href=\"https:\/\/www.oracletutoring.ca\/blog\/excel-payment-against-principal\/\"> <span class=\"screen-reader-text\">Excel: payment against principal<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1583,2014],"tags":[2527,2526],"class_list":["post-24552","post","type-post","status-publish","format-standard","hentry","category-excel","category-financial-math","tag-amortization","tag-payment-against-principal"],"_links":{"self":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/24552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/comments?post=24552"}],"version-history":[{"count":11,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/24552\/revisions"}],"predecessor-version":[{"id":24563,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/24552\/revisions\/24563"}],"wp:attachment":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/media?parent=24552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/categories?post=24552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/tags?post=24552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}