Question: Complete an Amortization Schedule You will complete an amortization table detailing payment, principal, interest, cumulative principal, and cumulative interest. s . Ensure that the 2
Complete an Amortization Schedule You will complete an amortization table detailing payment, principal, interest, cumulative principal, and cumulative interest. s Ensure that the nd Location worksheet is active Enter a reference in cell B to the beginning loan balance. t Enter a reference in cell C to the payment amount. u Enter a function in cell D based on the payment and loan details that calculates the amount of interest paid on the first payment. Be sure to use the appropriate absolute relative, or mixed cell references. All results should be formatted as positive numbers. v Enter a function in cell E based on the payment and loan details that calculates the amount of principal paid on the first payment. Be sure to use the appropriate absolute relative, or mixed cell references and ensure the results are positive. w Enter a formula in cell F to calculate the remaining balance after the current payment. The remaining balance is calculated by subtracting the principal payment from the balance in column Bx Enter a function in cell G based on the payment and loan details that calculates the amount of cumulative interest paid on the first payment. Be sure to use the appropriate absolute relative, or mixed cell references and ensure the results are positive. y Enter a function in cell H based on the payment and loan details that calculates the amount of cumulative principal paid on the first payment. Be sure to use the appropriate absolute relative, or mixed cell references. All results should be formatted as positive numbers. z Enter a reference to the remaining balance of payment in cell B aa Use the fill handle to copy the functions created in the prior steps down to complete the amortization table. Expand the width of columns C: H as needed. Save the workbook.Home Insert Draw Page Layout formulas Data Review vieve O Telme Secondary Location Amortization Table
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