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Finishing the amortization schedule

In this exercise, you will return to the amortization schedule that you completed at the end of Chapter 1.

In that schedule, you only filled in the first 2 periods of the schedule. In this exercise, you will fill in the rest of the schedule all the way down through 60 periods!

You will not have to change the interest rate or number of periods.

Remember - the schedule is complete when the closing balance is zero!

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Loan Amortization in Google Sheets

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Instructions

  • Copy down the payment, interest, principal, opening balance, and closing balance in columns B:F.
  • Do not adjust any value in rows 1:6.

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