Loan Amount
Enter the amount of the loan. The amount must be either: 0 if you do not have a loan, or a positive number.
Interest Rate
Enter the Annual Interest Rate.
The Amortization Schedule uses simple interest. The schedule assumes monthly payments. Most loans are calculated this way.
An Interest rate of 6.5 percent should be entered as 6.5% or .065. You must either enter the interest rate with the '%' sign or divide the interest rate by 100 and enter that number. Do not enter 6.5 with out a '%' sign.
Number of Monthly Payments
Enter the number of monthly payments. Any integer between 1 and 1,800 is valid.
Month Loan Money is Received
Select the month the loan money is received.
Month of First Loan Payment
Select the month you will begin making payments on the loan. You must receive the loan money before the first payment is made, so this date must occur after the "Month Loan Money is Received". Normally your first payment is 1 month after the date you receive the loan.