The tutorial shows how to build an amortization schedule in Excel to detail periodic payments on an amortizing loan or mortgage. Loan Amortization Schedule outlines the interest and principal payments owed on a mortgage, including the outstanding balance.This Microsoft Excel template illustrates how to create a loan amortization schedule, as well as dealing with additional payments and variable interest rates. The value of the principal and the interest payments, however, will be different between each payment period. Residual value 3000. Create a partial amortization table through the second payment on January 1, Year 2. 5. If the lese is n operting lese, wht will be the mortiztion expense shown on the income sttement t the end of yer 1?