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Excel Magic Trick 944.5: Formula For Total Interest Over Life Of Business Amortization Loan

Download workbook: http://people.highline.edu/mgirvin/ExcelIsFun.htmTopics:1) Create Defined Names to use in formula using the Create Name From Selection feature and the keyboard shortcut: Ctrl + Shift + F32) Total Interest over the life of a Business Amortization Loan formula: LoanPV * PeriodicRate * (TotalPeriod + 1) / 2
Length: 02:10

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