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Save Loan Consent Agreement in Excel

Save Loan Consent Agreement in Excel

Aug 6th, 2022

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How to Save Loan Consent Agreement in Excel

4.9 out of 5

38 votes

In this tutorial, the presenter instructs on creating an amortization table in Excel. They start with a loan amount of $100,000, set for 30 years, converted to monthly payments (360 periods). The interest rate is specified as 13% annually, which is adjusted to a monthly rate (0.13 divided by 12). To calculate the monthly payment, the presenter uses the PMT function in Excel, inputting the monthly rate, total periods, loan amount (negative for Excel calculation), and a future value of zero. The video aims to guide viewers through the construction of the table step by step.

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