Almost everyone has to borrow money sometime. For example, if you are buying or already own a house or rental property, you will have to take out a mortgage and pay it down or if you buy a car on credit, you will have to pay some amount each month. Whenever you have to pay back a loan, you can use the spreadsheet provided to determine the payment amount, the interest you are paying each payment and how the loan amount decreases over time. You can also use it to evaluate different alternatives. You may be surprised how much is interest early in the loan. More
Try Lifetime Finances and download as a demo for 31 days. You can enter your present assets, income & expenses and generate charts and tables that show a yearly cash flow from now to 45 years after retirement. Changes can also be made each year to any of the expenses, income and assets to reflect what you would like to happen in the future.