Loans are an essential portion of finance. When calculating a loan it is often beneficial to graph portions of the loan to demonstrate how those aspects may be affected by the loan terms. Loans are not calculated easily without the assistance of a calculator, and principal is not a consistent number. To create a graph based on the loan principle accurately, it is necessary to first create an amortization schedule, and calculate interest, and so on. This process can be quite time consuming and requires recalculation when experimenting with loan parameters.
In this recipe, you will learn to use the VBA code to build an automatic amortization schedule and loan principal graph that can be used multiple times to adjust loan parameters.
For this recipe, we will use the loan calculator created in Chapter 3,Moving Beyond the
Grid—Financial Data Via an Interface in the Calculating loan terms in Excel recipe. The UserForm has already been...