"Excel for Beginners: How to Use PMT() and Create an Amortization Table to Track Interest Payments"

In this beginner-friendly tutorial, we'll show you how to use the PMT() function in Excel to create an amortization table and track interest payments over a period of time. Whether you're a student, a small business owner, or just someone who wants to keep track of their finances, this video will teach you a practical skill that you can use in your daily life.
We'll start by explaining what the PMT() function does and how it can be used to calculate the monthly payment for a loan. We'll then walk you through the steps of creating an amortization table, which will show you how much of each payment goes towards principal and how much goes towards interest. You'll learn how to use the table to track your interest payments over time, and see how much money you'll save if you make extra payments towards your loan.
By the end of this video, you'll have a solid understanding of how to use Excel to calculate loan payments and track your interest payments over time. This practical skill will help you make better financial decisions and stay on top of your finances. So grab your computer and follow along with us in this engaging and easy-to-follow tutorial!