This video is to help students understand how to create a fixed principal payment amortization schedule. This is an Excel tutorial for my Acct 232B course that teaches students how to use Excel to build a Fixed Principal Amortization schedule.An amortization schedule is a table format that lists periodic payments on a loan or mortgage over a period of time. Create automatic loan amortization schedule table with PMT, IPMT, PPMT formulas in Microsoft Excel The tutorial shows how to build an amortization schedule in Excel to detail periodic payments on an amortizing loan or mortgage. A little formula creation trouble and how to figure out some logic to fix your formulas and custom number formatting. Note: this spreadsheet is for educational purposes only. 5, A fixed principal loan results in declining payments over the loan period. Note: this spreadsheet is for educational purposes only. 5, A fixed principal loan results in declining payments over the loan period.