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in this video we're going to talk about how to create an amortization schedule so let's say if we're taking out a mortgage or a loan of 300 000 that's going to be our principal amount and let's say it's a 30-year mortgage so the term is 30 years and we're going to say the annual interest rate is 5 and it's going to start july 1st 2020. now in cell d1 this is going to represent the number of payments now we're going to be paying the mortgage back every month and if this is a 30-year term the number of monthly payments is going to be 30 times 12. so this is going to be equal the value in cell b2 which is 30 years times 12. so we get 360 monthly payments now the monthly rate is simply the annual rate divided by 12. so we're going to take the value in cell b3 and then divided by 12. that gives us the monthly rate now to get the monthly mortgage payment we're going to use the pmt function type in equal pmt open parentheses now the rate this is the monthly rate so that's going to be cell d2...