{"id":6932,"date":"2018-03-20T21:09:46","date_gmt":"2018-03-20T21:09:46","guid":{"rendered":"https:\/\/margill.com\/?p=6932"},"modified":"2025-10-10T10:24:45","modified_gmt":"2025-10-10T14:24:45","slug":"margill-law-standard-edition-regular-irregular-payment-schedule","status":"publish","type":"post","link":"https:\/\/margill.com\/en\/margill-law-standard-edition-regular-irregular-payment-schedule\/","title":{"rendered":"Margill Law\/Standard Edition &#8211; Regular and Irregular payment schedule"},"content":{"rendered":"<p><strong>Question:<\/strong><\/p>\n<p>I was wondering who I could contact at Margill for help on calculating a rather complex amortization table.<\/p>\n<p>Beginning on 6\/25\/17 \u2013 the principal loan amount was $640,000 at an interest rate of 3% &#8211; payments of $3,000 to begin on 1\/1\/2018.<\/p>\n<ul>\n<li>However, a payment of $350,000 was made on 7\/12\/2017<\/li>\n<li>Additional loan amount of $500,000 was made on 9\/25\/2017<\/li>\n<li>Additional loan amount of $150,000 was made on 12\/8\/2017<\/li>\n<\/ul>\n<p><strong>Answer:<\/strong><\/p>\n<p>Actually quite simple:<\/p>\n<p>Go to &#8220;Recurring Payments&#8221; calculation. We will suppose this is compound interest, compounded monthly and monthly payments since it is a loan.<\/p>\n<p>Let&#8217;s suppose 20 payments of $3000 each (if payments are missing or if there are too many, you can add or delete after).<\/p>\n<p>Enter the data below:<\/p>\n<p id=\"nhSYlOw\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6933 aligncenter\" src=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab1743c4262e.png\" alt=\"\" width=\"463\" height=\"371\" srcset=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab1743c4262e.png 618w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab1743c4262e-300x240.png 300w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab1743c4262e-450x360.png 450w\" sizes=\"auto, (max-width: 463px) 100vw, 463px\" \/><\/p>\n<p>Then Compute or F5.<\/p>\n<p>This is our preliminary schedule:<\/p>\n<p id=\"AaGSHcZ\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6934 aligncenter\" src=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17489cab61.png\" alt=\"\" width=\"753\" height=\"609\" srcset=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17489cab61.png 991w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17489cab61-300x242.png 300w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17489cab61-495x400.png 495w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17489cab61-845x684.png 845w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17489cab61-705x570.png 705w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17489cab61-450x364.png 450w\" sizes=\"auto, (max-width: 753px) 100vw, 753px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>You can now edit the schedule by adding the lump sum payment and extra principal.<\/p>\n<p>The payment and extra principal were made in 2017 so I should add three lines above my payment date of 2018-01-01<\/p>\n<p>I can do this with this icon or the right mouse click:<\/p>\n<p id=\"oDuwXKH\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6935 aligncenter\" src=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab1753b34ea8.png\" alt=\"\" width=\"793\" height=\"116\" srcset=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab1753b34ea8.png 1103w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab1753b34ea8-300x44.png 300w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab1753b34ea8-705x103.png 705w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab1753b34ea8-450x66.png 450w\" sizes=\"auto, (max-width: 793px) 100vw, 793px\" \/><\/p>\n<p>Then change the dates &#8211; start with Line 3 since you must follow the chronological order:<\/p>\n<p id=\"BdERpJr\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6936 aligncenter\" src=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab175b262917.png\" alt=\"\" width=\"497\" height=\"165\" srcset=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab175b262917.png 602w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab175b262917-300x100.png 300w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab175b262917-450x150.png 450w\" sizes=\"auto, (max-width: 497px) 100vw, 497px\" \/><\/p>\n<p>And finally change the amounts (1 payment and 2 loans). Notice lines 2 and 3 are negative since we are adding principal.<\/p>\n<p id=\"IvSPhkk\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6938 aligncenter\" src=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17678e05ff.png\" alt=\"\" width=\"464\" height=\"448\" srcset=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17678e05ff.png 601w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17678e05ff-300x290.png 300w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17678e05ff-36x36.png 36w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17678e05ff-450x434.png 450w\" sizes=\"auto, (max-width: 464px) 100vw, 464px\" \/><\/p>\n<p>Now of course, with a balance of 934,064.93 after 20 payments, we would need to add a bunch of payments to fully pay back. You could add these lines with this icon (we would need to add hundreds of payment since payments are quite low):<\/p>\n<p id=\"FYJKukA\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6940 aligncenter\" src=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17746a78cb.png\" alt=\"\" width=\"130\" height=\"70\" \/><\/p>\n<p>My guess is you are looking for a balance at a specific date (let&#8217;s say today, start of day). Insert a line with a 0.00 payment:<\/p>\n<p id=\"WyvbwsI\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6939 aligncenter\" src=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17709832ea.png\" alt=\"\" width=\"569\" height=\"243\" srcset=\"https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17709832ea.png 632w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17709832ea-300x128.png 300w, https:\/\/margill.com\/wp-content\/uploads\/2018\/03\/img_5ab17709832ea-450x192.png 450w\" sizes=\"auto, (max-width: 569px) 100vw, 569px\" \/><\/p>\n<p>And there you have it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: I was wondering who I could contact at Margill for help on calculating a rather complex amortization table. Beginning on 6\/25\/17 \u2013 the principal loan amount was $640,000 at an interest rate of 3% &#8211; payments of $3,000 to begin on 1\/1\/2018. However, a payment of $350,000 was made on 7\/12\/2017 Additional loan amount [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[409,193,408],"tags":[84,81,82,83],"class_list":["post-6932","post","type-post","status-publish","format-standard","hentry","category-margill-law-and-standard-documentation","category-knowledge-base","category-margill-law-and-standard","tag-extra-principal","tag-irregular-payments","tag-loan","tag-lump-sum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Margill Law\/Standard Edition - Regular and Irregular payment schedule - Margill<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/margill.com\/en\/margill-law-standard-edition-regular-irregular-payment-schedule\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Margill Law\/Standard Edition - Regular and Irregular payment schedule - Margill\" \/>\r\n<meta property=\"og:description\" content=\"Question: I was wondering who I could contact at Margill for help on calculating a rather complex amortization table. 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