The tutorial shows how to build an amortization schedule in Excel to detail periodic payments on an amortizing loan or mortgage. Loan period in years, 1, Actual number of payments, 10.A Loan Amortization schedule breaks down each payment into its interest and principal components for the full term of the loan. This spreadsheet creates an amortization schedule for a fixed-rate loan, with optional extra payments. Form 7 reflects financial activity during each account reporting period after the Conservator's Account.