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Loan Amortization in Excel | Equal Annual Payment Explained
7:04
YouTubePaschal Ugwu Solutions
Loan Amortization in Excel | Equal Annual Payment Explained
In this video, we calculate the constant annual payment required to fully amortize a ₦7,500,000 business loan over 6 years at an annual interest rate of 11.5%. Using the annuity formula and Excel, we break down the step-by-step process of computing equal loan repayments that cover both principal and interest. This tutorial is ideal for ...
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