# Is the Amount paid on a loan equal to the interest paid plus principal paid?

Answers:0 | LastUpdateAt:2012-11-04 15:57:13

I'm working on a project and have to figure out a loan amortization schedule on excel.

I have to find the amount paid, interest paid, and principal paid, and the beginning and ending balances for each payment.

Is the amount paid equal to interest and principal?

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