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Amortization Table - Breaking Down Your Payment - No video This worksheet requires you to use the IPMT and PPMT funtions to calculate the loan
Amortization Table - Breaking Down Your Payment - No video | |||||||
This worksheet requires you to use the IPMT and PPMT funtions to calculate the loan balance, and the principle/interest portion of a loan payment at any given point in time. Be sure to use cell references. | |||||||
Initial Balance | $ 10,000.00 | ||||||
Annual Interest Rate | 10% | $C$11 4 0 30000 1 10 26 | |||||
Years | 10 | ||||||
Annual Payemnt | $1,627.45 | ||||||
Summary loan data for year | 4 | ||||||
Balance at start of year | $ 10,000.00 | ||||||
Balance at end of year | = | ||||||
Interest paid during the year | |||||||
Principle paid during the year |
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