bankrate auto loan need help with payment plan?

Shella asked:

I am buying a car and got the loan through my father-in-law. I need something to figure out my payments and adjusts the interest according to what I pay per month. Is their software I can buy or something on the net, or microsoft office. I have looked at bankrate and they give me my payment plan at a locked in payment per month. I need something that adjusts from month to month.

Reply:

Microsoft has a template available through their website that has a payment calculator - all you have to do is enter the amount borrowed, interest rate, length of time, and start date of the loan - it'll do the rest. I believe they even have one that will figure out your balance if you make additional principals payments.

 

Finance your car here onsite if you need help buying one of these beauties :)