Fortunately, Excel can be used to create an amortization schedule. The amortization schedule template below can be used for a variable number of periods, as well as extra payments and variable interest rates.

You could also calculate simple interest only with the formula I = Prt, where I is interest, P is principal, r is interest rate as a decimal, and t is time period. You then need to add the interest to the original principal amount to get the total interest plus principal.

More info

The tutorial shows how to build an amortization schedule in Excel to detail periodic payments on an amortizing loan or mortgage. This Microsoft Excel template illustrates how to create a loan amortization schedule, as well as dealing with additional payments and variable interest rates.You can create an Excel amortization table with changing interest rates. Here's how you can build it.

Loan Amortization Schedule Excel With Variable Interest Rate In Middlesex

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

Can Excel make an amortization schedule?

How do you calculate the variable of interest?

More info

Trusted and secure by over 3 million people of the world’s leading companies