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Next, you are ready to calculate the portion of the monthly payment that goes toward the principal. In cell E7, insert the PPMT function to

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Next, you are ready to calculate the portion of the monthly payment that goes toward the principal. In cell E7, insert the PPMT function to calculate the principal portion of the first payment. Use mixed references for cells in the Basic Output Area and make sure the result is a positive value. Copy the function from cell E7 to the range E8:E42

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