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Now you are ready to calculate the balance of the loan after each payment. In cell F7, enter a formula to calculate the ending balance

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Now you are ready to calculate the balance of the loan after each payment. In cell F7, enter a formula to calculate the ending balance after subtracting the Principal Repayment from the Beginning Balance. Copy the formula from cell F7 to the range F8:F42. In cell B8, enter a formula that refers to the ending balance for the previous month in cell F7. Copy the relative formula to the range B9:B42

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