Discussion:Recalculating amortization schedule

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Discussion Forum Index --> Accounting Questions --> Recalculating amortization schedule

Tax lady (talk|edits) said:

14 May 2008
Can anybody tell me how to go back and recalculate an amortization schedule, when over the past 8 years of a 15 year loan (that was used to by a rental property) they doubled up on payments. Now they want to know what their payoff figure should be.

DZCPA (talk|edits) said:

14 May 2008
Do it the same way you calculated the original schedule and show double payments.

DZCPA (talk|edits) said:

14 May 2008
Clue: Each payment goes first to interest with the remaining portion going to principal. If payments are monthly, do this 96 times and you will have your answer. Have a fun weeekend!!

Marcilio (talk|edits) said:

15 May 2008
[1]

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