This simple amortization table calculates how long it takes for a monthly installment to repay debt via monthly installments.
The excel model allows you to play around with interest rate, monthly installment and the debt amount to calculate how long it takes till the debt is repayed.
Financial Model inputs:
- debt amount
- interest rate
- monthly installment
- # of months needed till the debt has been fully repaid
- Graph showing debt level, interest and repayments over time
The model thus offers a simple way to play around with a planned debt amortization schedule and via the graph makes it easer to read
|Industry||Financial Model, General Excel Financial Models|
|Summary||This simple amortization table calculates how long it takes for a monthly installment to repay debt via monthly installments.|
|Screenshots / Pictures|
|Use Cases||Amortization, Excel, Financial Projections, Free Financial Model Templates|