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How to calculate Canadian loan amortization?

Estimated reading time: < 1 min

In both REIA Express and REIA Pro, one can have loans which are amortized according to the convention of banks in Canada – that is, loan interest is calculated every six months instead of every month.

Two switch from monthly to Canadian loan amortization, tick the checkbox on the General worksheet as shown below:

Select Canadian loan amortization on the General Worksheet
Select Canadian loan amortization on the General Worksheet

 

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