Discussion: Amortization Options

What is the amortization schedule and what is its purpose? What do you think of using Excel for such calculation? To answer these questions, do some research first.

The web offers a number of online calculators that can solve many types of interest and payment calculations through an amortization schedule.

Research two or three of these online amortization schedule calculators and compare them to the spreadsheet techniques learned in this module. Take notes about the similarities and differences and present your finding in an easy-to-follow format.