Question
Car Loan need help with payment plan?
I am buying a car and got the loan through my father-in-law. I need something to figure out my payments and adjusts the interest according to what I pay per month. Is their software I can buy or something on the net, or microsoft office. I have looked at bankrate and they give me my payment plan at a locked in payment per month. I need something that adjusts from month to month.
1 month ago - 3 answers
Best Answer
Chosen by Asker
Microsoft has a template available through their site that has a payment calculator - all you have to do is enter the amount borrowed, interest rate, length of time, and start date of the loan - it'll do the rest. I believe they even have one that will figure out your balance if you make additional principals payments. Also, a good site is... www ... Good Luck.
by Bryan S
1 month ago
Asker's Rating: 
Other Answers
There are plenty of amortization programs out there, but why are you changing the payment every month? I'm sure your father-in-law would prefer steady, equal payments each month so he will know exactly how much is coming and how long is left on the loan. Why complicate it? Of course, borrowing from a relative is a good way to ruin a relationship.
by Rick B- 1 month ago
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by Debby- 1 month ago
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by William- 1 month ago