Question: Create an amortization schedule on the Calculator worksheet, as shown in the sample worksheet. The amortization schedule should go to a maximum size of 30

Create an amortization schedule on the Calculator worksheet, as shown in the sample worksheet. The amortization schedule should go to a maximum size of 30 years with 12 payments per year (360 periods). The Remaining Principal, Interest Payment, and Principal Payment formulas should be written so that if any of the input values change, the amounts will be automatically updated. The amortization schedule calculates how the periodic payment is split between principal and interest. As such, the initial value of the loan you are paying off (Remaining Principal) ignores the effect of the property tax and insurance, and is given by: PropertyPrice - DownPayment 9. To avoid #NUM! or #VALUE errors in periods past the end of the loan, nest your principal and interest payment formulas inside an IF or IFERROR function to return a 0 if no further interest or principal payments are required

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!