Amortization table with two periods

This exercise adds new values to calculate for your schedule and adds the second period to your amortization schedule.

The new values required are:

You'll also need to remember how to properly account for monthly payments given an annual rate.

This exercise is part of the course

Loan Amortization in Google Sheets

Fill in the proper interest rate for a 6% annual rate, amortized monthly, into cell B4.
Fill in the proper number of periods for a 5-year loan, amortized monthly, into cell B5.
Fill in the correct financial formulas (PMT(), IPMT() and PPMT()) into cells B8:D9. Use absolute referencing for all numbers except the period (use $A8).
Fill in the closing balance for period 1 in cell F8 and the correct opening and closing balances for period 2 in cells E9:F9.

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