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I have to instruct a a car amortization on excel. I know that I can use various functions on excel to calculate principle and interest.
I have to instruct a a car amortization on excel. I know that I can use various functions on excel to calculate principle and interest. I'm hoping I can get screenshots of what to key in on the different functions in excel and an explanation of how to get the full 60 months charted quickly.
Loan Amortization Schedule Jeep Cherokee Price Car Price Down payment Loan Amount 37,880 5,000 32,880 0.004166667 Interest 5.000% Term Monthly Payment Total Payment $620.49 $620.49 Month Beginning Interest Principle 0 no 0 OWN PMT $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620.49 $620 49 Additiona Ending Balance 32,397 31,911 0 31,423 30,934 30,442 29,949 0 286,992 0 285,096 0 283,191 281,276 0 279,352 0 277,418 0 275,475 0 273,522 271 559 0 29Step by Step Solution
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