Loan Calculator can also display a complete payment schedule that shows how much of each payment goes to interest and how much goes to principal. Cumulative amounts are also displayed in the schedule along with the running loan balance. Among other things, this can be useful for tax purposes (e.g., determining how much deductible interest was paid over any particular period of time). The payment schedule as well as summary loan calculations can be printed or saved to a text file for later examination and analysis, including direct import into spreadsheet applications such as Excel.
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