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Posted by MyVeryOwnSelf on July 3, 2008, 2:12 pm
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> Figuring out the amortization numbers would be hard for me, so that
> would be a disadvantage.
One possibility if you have Excel:
http://office.microsoft.com/en-us/templates/TC010421081033.aspx
The tricky part is determining the "effective rate." You can use Excel's
"Goal Seek" to make the final "carrying amount" equal to the "face value"
by changing the "effective rate."
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