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Reorder Pages Amortization Schedule

Reorder Pages Amortization Schedule

Aug 6th, 2022

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How to Reorder Pages Amortization Schedule

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60 votes

In this tutorial, the presenter demonstrates how to create an amortization table in Excel. The example uses a loan amount of $100,000 with a term of 30 years, converted to 360 monthly periods. The interest rate is set at 13% annually, calculated monthly as 0.13 divided by 12. To determine the monthly payment, the presenter uses the PMT function in Excel, inputting the monthly rate, total periods, and present value (with a negative sign for payment). The formula ensures accurate calculation of the monthly payment, completing the setup of the amortization table.

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