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Loan Amortization Formula In Excel In Miami-Dade
State:
Multi-State
County:
Miami-Dade
Control #:
US-0019LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Annual amortization expense is calculated as the ROU asset divided by the lease life. So, if the ROU asset at inception date was $60,000 and the lease life is 5 years, that results in amortization expense of $12,000 per year.
Fortunately, Excel can be used to create an amortization schedule. The amortization schedule template below can be used for a variable number of periods, as well as extra payments and variable interest rates.
