Loans;Mortgages;Bonds;Securitisations;Finance Leases. Key Features: Comprehensive DayCount options for calculating interest; Flexible Periods option for specifying when interest is paid; some models can work on a dual basis on either budget periods or loan dates.
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Finance Lease
Finance Leases have all but lost their appeal in the UK at least, and the math for analysing them has become more complex, but for a general illustration of the principle, this worksheet is a typical finance lease for property. Amongst other things, it demonstrates BF"s functionalised GoalSeek.
Calculates the effect on a level payment mortgage of one or a number of ad-hoc capital repayment, reducing the loan repayments to keep the repayment date the same.
Using the Mortgage() function, this template models a loan where the overall payment profile can be stepped, and can run on any timebase. Good for property loans where all rent goes to debt service.