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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:

  • Opening Balance (in column E)
  • Closing Balance (in column F)
  • Period 2 Amortization (row 9)

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

Este exercício faz parte do curso

Loan Amortization in Google Sheets

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Instruções do exercício

  • 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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