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Convert Loan Consent Agreement to Excel

Convert Loan Consent Agreement to Excel

Aug 6th, 2022

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How to Convert Loan Consent Agreement to Excel

4.8 out of 5

8 votes

In this tutorial, the instructor demonstrates how to create an amortization table in Excel using a loan of $100,000 over 30 years (360 periods) with a 13% annual interest rate, converted to a monthly rate. The payment calculation is performed using the PMT function in Excel. The formula includes the monthly interest rate, the total number of periods, and the present value of the loan, with a negative sign in front to ensure the payment value is positive. The tutorial emphasizes setting up the payment calculation correctly before moving forward with building the amortization table.

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