How To Create an Amortization Table In Excel
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- Опубліковано 30 чер 2024
- This finance video tutorial explains how to create an amortization table in excel. This schedule shows the beginning balance, monthly payment, monthly interest, and ending balance of a mortgage with a specified principal, loan term, and annual interest rate.
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You got me through calc and physics and now you are about to help me figure out how to pay these student loans, best UA-cam channel ever!
Truer words never been spoken lol. This guy is awesome!
This dude absoltely knows what he's talking about. Clear step by step directions, along with explanations. Would not have been able to complete my project without him. Thank you so much
Please make a video on How to make Nuclear bomb at home.
Then North Korea greatest opponent is going to be this tutor nice.
This is one of the best instructional videos I’ve ever seen. I feel like some kind of Excel wizard but I just followed along with the video - the Tutor tells you what formula to type and cell numbers to input! Genius level teaching. Thank you so much !
I don't generally comment on videos, but this was so clear, so easy to follow and so helpful I had to comment. Thanks for taking the time to do this. Using the PPMT and IPMT values was driving me crazy. And I needed refreshing about keeping some cells constant! Huge help and much appreciated.
Wish I knew you because I'd give you a big hug for this post. I was asked to create one for a loan my husband took from a friend for his donut shop. Mind you, I'm a former chemist who now does the books for him and had NO IDEA where to start. I worked along side your video and not only is it done, I understand it, which is even better. Huge huge thanks.
You have got to be one of the best teachers, not just on UA-cam, but also in person. Your tutorials have helped me in so many subjects - quantitative methods, statistics, algebra, calculus, and now Excel!! You're earned my like and subscribe. Thank you and keep up the great work!!!
I'm impressed and thankful. Explained clearly and simply. Well done!
From an excel novice, thank you for the clarity and conciseness of this very helpful instructional video. Well done!
I have a personal loan and never stood how and why I should be paying $37,000 for a $25,000 loan. I never understood how people knew that a 13.74% interest rate was too high than a 6% interest rate. Well this table and obviously your video have helped me understand how illeterate I was. My university education was nothing but non-sense! Thank you and well-done!
This is the best Video on the internet it is slow enough to follow along and simple, You did a GREAT Job!
I haven't used excel in a while and this was really a big help, keeping my cells constant. Thanks for the tutorial.
I must say a big thank you, you just made my life easier with calculating my loan interest and repayment...lots of luv from🇬🇾🤗
This is awesome! Though, if you have an escrow account, you have to add that to your payment for each month, and I added a column for extra payment toward my principal. Thank you for making a baseline product for us all!
Amazing!! So easy to follow !!! I did it for my mortgage, car payment, etc! and even included a line for 'extra' payments. Thank you!!!
Nice video, it really helped me. I used this template and added an "additional payments" column as well, which I noticed others did in the comments. I think most people interested in this kind of information are also interested in how beneficial some additional payments can be, even if they are small. Thanks again!
To clarify for those interested, add one more column below "mortgage payment" in D4. I titled this "additional payments"... next make the Ending Balance formula "=C7-F7-$D$4"... you will have to also modify the "Payment" formula to "=$D$3+$D$4"...hope this helps.
I learned how to do this by hand in math class a looong time ago but this video is awesome and super easy to follow! Thanks
Dude you explained it so good. One of the best tutorial videos ive ever watched. Gongrats really. You have a gift
Hands down, first time doing this and I managed it. Thanks you
Thank you for doing this video, it made understanding an assignment so much more clear!
Great video. Each step is explained well and easy to follow along. Thank you
Wow, just shows how interest really adds up when the principal is high. Best to bring that principal down as fast as possible.
what are you talking about lmfao
lmao, ever heard of leverage?
I always wondering who are you. You’re so kind, everything you teach really help me out from any curiosity. Thanks a lot for your videos. Btw, it’s a pleasure if I can know you 😁.
lets smoke a blunt with him
An ordinary human bean
This channel is complete😘 everything you need is here...
THANK YOU SOOOOOO MUCH BUD. I knew the annuities concept. Fusing that and this. It's just paradise now.
Thank you for doing this video! Very well presented. Keep up the great work!
HA!!! I Appreciate this video & the awesome person or team who created it. I can now make an amortization for a vehicle & a mortgage.
The only issue I see is that interest rates vary each time you renew your mortgage, so it could mean you're paying more, or less than the original amount. You made it absolutely clear to people who have never done any accounting or bookkeeping, how to use Excel. I love playing around with Excel. It's cool to see how you can play with numbers. I have sheets I've set up for my income taxes, and it makes everything so much easier. I guess you could call me a nerd, lol!
god bless you sir. my TA explained how to do this in a way that nobody could understand. youtube teachers win once again
You did an excellent job in demonstrating the schedule. Thanks.
Enormously clear and very helpful. Thank you!
This guy is a G, much respect for the video, super helpful 🤙🏽
I really want to say thank you for this. It helped me a great deal. I have liked and subscribed. Simple and enjoyable to follow through.
this is amazing! don't normally comment on videos but this helped me alot! i also added an over payment cell at the top to mine. 👍
This guy is a full living school
Yes
you just saved me on my finance project, for that sir, i shall give you a like and a subscribe!!
bless you mate,
I hope you live a happy life
You literally saved me from this math assignment!!!!! I love you😩😩😩😩🕺🏾🕺🏾🕺🏾
THIS was awesome. Thank you for making this video!
DUUUUDE! THIS IS SO PERFECTLY SIMPLE AND TERRIFIC! thank you!!!
The explanations in detail are highly appreciated. Thank sir...
Really great tutorial, I’m about to make this amortization schedule 😊
This is a GREAT video. Really helped me. Thanks for doing a great job.
Thank you and I hope everyone tells you how much you helped them.
Fantastic, thank you so much! Very clear directions.
Thank you so much. it helps me a lot about loan and financial literacy
Excellent video: unhurried, patient voice, good explanations, and thorough. Now that you have helped me create a basic amortization schedule, can you direct me to instructions for additional principal payments as well as a bi-weekly schedule?
really appreciated.... so simple and sweet... u help us a lot ....thanks for the sharing...🙏🙏
Super helpful and easy to follow along. Thank you!
Thanks it was exactly what i was looking for. Very easy to understand and follow. I have a question. What if I get a payment dedicated to reducing the principal? How does that fit in to this equation? Thanks!
Explain simply and clearly. Thank you
JG, Thanks for this informative important video. Would consider making a video adding to this information, but an additional payment is made later in the month to lower the principal. How is interest and balance calculated?
YOU'RE A LIFE SAVEEEERRR. THANK YOU SOOO MUCH FOR THIS🤗🤗
Such a life saver. Thank you, thank you, thank you ☺️
This explained the amortization schedule better than my accursed 200 dollar textbook. Thank you
This was a great tutorial - thank you so much!
tnx men, u should get the teaching version Oscar, much appreciated
You are a legend for this, literally helped me with my homeworks
very helpful, thank you!!👏
Thanks- you made this so easy to understand!
Best out there, for literally everything . No B.S
GREAT TUTOR ,JUST FINISHED MIND
Great video, very helpful. Thanks!
Excellent in everyway. Thank you.
Thank you for posting. Very well done.
Excellent presentation, thanks!
This was so helpful - thank you!
This was very helpful, thank you!
Excellent!!! Great teacher!!!!
Very well explained 👍🏾
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Good job
You are the BEST!!!
You saved my life, my father will hear about this!
super helpful thank you
Very helpful, thank you!
Clear, easy to follow.
THANK YOU!
Exceptional presentation!!!!
So so so good! Thanks so much!!!
YOU ARE LITERALLY THE GOAT
Awesome video
Helped so much👏
Thanks for this man.
Really helpful, thank you!
This was incredibly helpful and easy to follow! Thank you!!
Thank you!
nice video- best one yet
Super helpful bro!
Very helpful ❤
Well done! Thanks!
Nice work - FYI just hit f4 to lock the formulas - no need to type the $
signs
Thanks ….. very helpful!
great, thanks
This is awesome! I just have one question. The first payment should have 30 to 45 days of interest. How do you calculate that?
THANK YOU SO MUCH
Great Video
Thank you so much!
So 360 months/30 years to pay off a mortgage of 300k at a monthly payment of 1,600 ish, and by doing this table you can keep track of your own mortgage, cool thx for the info 👍
Thank you very much 🥰💓
Thank You