How to Create an Amortization Table in Excel
7:48
YouTubeSteven Hughes
How to Create an Amortization Table in Excel
Please use the following steps. 1. Type in the information for APR, minimum payment, and % rate. 2. Use the MIN( , MAX( , )) to calculate the formula. 3. Calculate the balance after the payment. 4. Calculate the simple monthly interest. 5. Calculate the new balance. 6. Copy and Paste to complete the table until the death of the loan.
1.7K viewsNov 2, 2023
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