tag:blogger.com,1999:blog-534908856556488227.post7880983970689041337..comments2023-08-19T04:26:54.242-04:00Comments on Random Thoughts of a wing nut liberal: Microsoft excel and sub prime mortage messSoccer Dadhttp://www.blogger.com/profile/10745967553131454562noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-534908856556488227.post-42160644508592000772011-03-29T15:03:36.277-04:002011-03-29T15:03:36.277-04:00Amortized payments are easy to calculate without e...Amortized payments are easy to calculate without excel. I have never seen an error in the excel payment calculations. Also, excel is only used to estimate payments, though this isn't as common as you might think. In fact the bank software that used in accounting and billing for loans is programed independently of excel and must conform to statutory definitions. Any differences between the loan contract payments calculated using the accounting software and the excel estimate would be obvious.Eric Moreyhttps://www.blogger.com/profile/07775548552560829030noreply@blogger.com