Skip to content
Free Excel Tutorials
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Data Analysis

  • How to Use Solver Tool in Excel
  • Calculate Conditional Percentile ‘IF’ in table in Excel
  • Randomize/ Shuffle List in Excel
  • Understanding Pivot Tables in Excel
  • How to create running total in an Excel Table

References

  • How to use Excel COLUMN Function
  • How to use Excel ROW Function
  • Left Lookup in Excel
  • Merge tables with VLOOKUP in Excel
  • How to reference named range different sheet in Excel

Data Validations

  • Excel Data validation don’t exceed total
  • Excel Data validation number multiple 100
  • Excel Data validation no punctuation
  • Excel Data validation exists in list
  • Excel Data validation must contain specific text

How To Create Loan Amortization Schedule in Excel

by

This example teaches you how to create a loan amortization schedule in Excel.

1. We use the PMT function to calculate the monthly payment on a loan with an annual interest rate of 5%, a 2-year duration and a present value (amount borrowed) of $20,000. We have named the input cells.

2. Use the PPMT function to calculate the principal part of the payment. The second argument specifies the payment number.

3. Use the IPMT function to calculate the interest part of the payment. The second argument specifies the payment number.

4. Update the balance.

5. Select the range A7:E7 (first payment) and drag it down one row. Change the balance formula.

6. Select the range A8:E8 (second payment) and drag it down to row 30.

It takes 24 months to pay off this loan. See how the principal part increases and the interest part decreases with each payment.

Post navigation

Previous Post:

Understanding Anova in Excel

Next Post:

Excel Standard Deviation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn Basic Excel

Ribbon
Workbook
Worksheets
Format Cells
Find & Select
Sort & Filter
Templates
Print
Share
Protect
Keyboard Shortcuts

Categories

  • Charts
  • Data Analysis
  • Data Validation
  • Excel Functions
    • Cube Functions
    • Database Functions
    • Date and Time Functions
    • Engineering Functions
    • Financial Functions
    • Information Functions
    • Logical Functions
    • Lookup and Reference Functions
    • Math and Trig Functions
    • Statistical Functions
    • Text Functions
    • Web Functions
  • Excel VBA
  • Excel Video Tutorials
  • Formatting
  • Grouping
  • Others

Logical Functions

  • Invoice status with nested if in Excel
  • Excel If, Nested If, And/Or Criteria Examples
  • IFNA function: Description, Usage, Syntax, Examples and Explanation
  • How to use Excel TRUE Function
  • How to use IFS function in Excel

Date Time

  • Calculate expiration date in Excel
  • Get first Monday before any date in Excel
  • Dynamic date list in Excel
  • Display the current date in Excel
  • Calculate total hours that fall between two times in Excel

Grouping

  • Group times into unequal buckets in Excel
  • If cell contains one of many things in Excel
  • How to randomly assign data to groups in Excel
  • Calculate conditional mode with criteria in Excel
  • Running count group by n size in Excel

General

  • Subtotal by color in Excel
  • How to get random value from list or table in Excel
  • Subtotal invoices by age in Excel
  • How to Create Calendar in Excel
  • Create dynamic workbook reference to another workbook in Excel
© 2023 xlsoffice . All Right Reserved. | Teal Smiles | Abbreviations And Their Meaning