## Making Extra Principle Repayments On Loans

If you would like to make an extra principal repayment, you can do so.
Simply enter a transaction
using the ledger. This extra repayment of principal will be taken into
account for the interest calculation that happens for the next periodic
payment.

Examples of extra principal payments include (but are not necessarily limited
to):

Contributing an extra $50 a month

Doubling the periodic principal repayment for every period. (The principal
repayment can be found for any particular period by referring to the loan
schedule.)

Making a 13th principal repayment every year. (This assumes a loan that is
repaid in monthly installments.)

Note: If you are doubling the principal repaid with every periodic payment,
you will need to recalculate the loan schedule for each installment. This will
allow there to be an accurate value for the required principal repayment with
each installment.