Car Payment Calculator on Excel | Jabar Post Indonesia/a> – This time JabarPost.Net will discuss about Loan.
The following is Car Payment Calculator on Excel. And for those of you who want to find a similar explanation, you can search in the Loan category
Car Payment Calculator on Excel | Jabar Post Indonesia
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.
The document evidencing the debt, e.g. a promissory note, will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.
Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
This tutorial demonstrates how to use a simple tool – Microsoft Excel 2013 to create a car payment calculator.
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Such are some brief explanations about Car Payment Calculator on Excel.>