# Amortization Calculator Extra Payments: Why Pay More? by williamava123

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```									 Amortization Calculator Extra Payments: Why
Pay More?
If you are still confused with making additional payment in your loans then the amortization
calculator extra payments is the answer to that. Today, it is not a matter of is it right to make
more payments that what is expected in a loan. The question is how much i will be able to save
when you do it especially these recession times. Are the additional payments going to affect the
principal and will it really save me that much? With an amortization calculator extra payments
that you download or use online, you can see and answer that question with just a click of a
button!

What the amortization calculator extra payments will show you on why people make additional
payments on a loan?

   The main reason why the person on debt makes the additional payments is because people
today all want to repay a loan as fast as possible.
   Through the use of the amortization calculator extra payments, the person in debt will be able
to see that making additional payments could lessen the whole interest that is needed in
repaying off the loan.
   It is also best to make extra payments in order to conveniently and to effi ciently make use of the
high rates of interest of the loan that they are repaying. Using the amortization calculator extra
payments you shall understand more of the rates.

These reasons are all for the good of the people but remember to get atleast the approximate
amounts that you will be facing when making additional payments. It is highly recommended
using an amortization calculator extra payments for this matter. It is always better to be
prepared than to be sorry in the latter part of the loan.

The Amortization Calculator Extra Payments Can Be Used In Knowing The Outcome Of
The Total Saved Interest Amount Through Making The Extra Payments For Every
Month.

To be able to properly use the amortization calculator extra payments, there is a certain
element in the Excel program that must be installed first. It is in default that the function
CUMIPMT needs to have an Analysis Toolpak present in the program. This element of the Excel
program lets the user has more functions to use. However, the Analysis Toolpak is often times
especially the complex ones, make sure, you have this in your Excel program to be able to use
and get the most approximate answers through the amortization calculator extra payments
that also uses the compound interest formula.
How to install the Analysis Toolpak?

1. The first thing you need to do is open
the Microsoft Excel program.
2. You will see a Tool option in the menu
bar on top of the Excel program. Click it and
more sub options will show.
3. Click the sub option Add-Ins… and a
popup window will appear.
4. The last thing to do is click on the box
that is beside the Analysis ToolPak option.

You’re now done and ready to use and be
saved by all interests in a loan through the
use of the amortization calculator extra
payments.

More of amortization calculator extra payments and compound interest formula, visit William