|
Row 4
|
Year
|
End-of-Year
Life of the Loan (Years)
|
Compounding
Frequency Choices for Cell C3 Above:
360 = Daily
52 = Weekly
12 = Monthly
4 = Quarterly
2 = Semi-annually
1 = Yearly
|
Monthly
Payment Required to Pay Off Debt with Interest (Compounded Monthly) within
the Given Number of Years
|
Weekly
Payment Required to Pay Off Debt with Interest (Compounded Weekly) within the
Given Number of Years
|
Daily
Payment Required to Pay Off Debt with Interest (Compounded Daily, or
Equivalent to 12 Months at 30 Days Per Month) within the Given Number of
Years
|
Example
Age (Years Old)
|
Row 4
|
