ODDFSCHED

Updated: 31-Mar-2016

Use the .NET function ODDFSCHED to calculate an annuity-like payment schedule where the first period is a different length of the time than all subsequent periods and those subsequent periods are assumed to be of equal length. Principal amortization, however, assumes all periods (including the first one) are of equal length. This results in a schedule where the cash flow for the first period is different than the cash flow for all subsequent periods.