Question

In: Accounting

Implement an amortization schedule of a loan of at least 5 years in excel

Implement an amortization schedule of a loan of at least 5 years in excel

Solutions

Expert Solution

This amortisation schedule is based on monthly amortisation of loan

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For yearly amortisation in PMT function take rate = 12% & nper = 5 period i.e. 5 year

Table will contain only 5 periods


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