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welcome to contacts in this lesson were going to be looking at the amortization schedule were going to look at how to do the calculation and you will see why we even do an amortization schedule it tells you specifically how much is allocated to interest for every period that you are paying back the loan whether you are looking at a car loan or a mortgage and were going to look at those examples so were going to start with a very simple example and look at the car loan and also look at the mortgage loan and were confident that after this lesson we dont know how to do your amortization schedule you should be able to do it quite simply using excel and you will see that its very important especially if youre looking at your mortgage loan or your car loan you will see how your interest and your principles are paid during each period and how much is allocated to it and you will see at the end of the day how much have i paid in interest or how much will i have paid for interest as a
