I have the formular for loan calc to find the mon. payments. What I need now is the formular forseparating the pincipal and the int on the monthly basis for a set time.can anyone help or send me to a site.
I have a formula that $100000 for 15 Years(180 mon) with 5% interest gets $791 a month What I want to figure out is what principal and what interest for each month for 180 months(15yrs) etc.
I already have a prog for the montly payments. But I'm sure those site will give me the info i need for the rest of the calculator. Thanks for the help.