Skip to main content
HomeGoogle SheetsLoan Amortization in Google Sheets

Loan Amortization in Google Sheets

Learn how to build an amortization dashboard in Google Sheets with financial and conditional formulas.

Start Course for Free
4 Hours13 Videos56 Exercises
4,262 LearnersTrophyStatement of Accomplishment

Create Your Free Account

GoogleLinkedInFacebook

or

By continuing, you accept our Terms of Use, our Privacy Policy and that your data is stored in the USA.
GroupTraining 2 or more people?Try DataCamp For Business

Loved by learners at thousands of companies


Course Description

A loan amortization schedule is often perceived as a tool exclusively for bankers and financial traders. However, this course aims to debunk this misconception by introducing the practical applications of amortization schedules in everyday life. We will explore the fundamental concepts of loan amortization and its relevance not just in the banking sector, but for individual financial management as well.

Mastering Financial Formulas in Google Sheets

This course delves deep into the world of key financial formulas within Google Sheets. Participants will learn how to utilize these formulas to examine and manage various types of personal loans, such as student loans, car loans, and mortgages. The focus will be on empowering users with the skills to make informed decisions about their loans and financial health by leveraging the powerful features of Google Sheets.

Creating a Dynamic Loan Dashboard

One of the highlights of this course is the development of a comprehensive dashboard in Google Sheets. This dashboard will incorporate advanced techniques such as visualizations and conditional formulas. Participants will gain hands-on experience in creating presentation-ready spreadsheets that are not only functional but also visually appealing. These skills are designed to impress finance managers and elevate your understanding of financial management to a professional level.

For Business

GroupTraining 2 or more people?

Get your team access to the full DataCamp library, with centralized reporting, assignments, projects and more
Try DataCamp for BusinessFor a bespoke solution book a demo.

In the following Tracks

Finance Fundamentals in Google Sheets

Go To Track
  1. 1

    Introduction to Financial Concepts in Google Sheets

    Free

    In this first chapter, you will learn all the basic financial formulas in Google Sheets that are needed to build up your first loan amortization spreadsheet for a student loan. This chapter will introduce calculations for principal payment, interest and principal at a given point in time.

    Play Chapter Now
    Introduction to loan amortization
    50 xp
    Your "friend," the loan shark
    100 xp
    Paying off your student loan in 1 year
    100 xp
    Guess the right payment
    100 xp
    Calculation of monthly payments
    50 xp
    Required fields for the PMT() function.
    50 xp
    Inputs for an annual loan
    100 xp
    Inputs for a monthly loan.
    100 xp
    Entering the PMT() formula
    100 xp
    Calculation of interest and principal payments
    50 xp
    Using the IPMT() function
    100 xp
    Using the PPMT() function
    100 xp
    Amortization table with two periods
    100 xp
For Business

GroupTraining 2 or more people?

Get your team access to the full DataCamp library, with centralized reporting, assignments, projects and more

In the following Tracks

Finance Fundamentals in Google Sheets

Go To Track

Collaborators

Collaborator's avatar
Chester Ismay
Collaborator's avatar
Marianna Lamnina

Prerequisites

Financial Modeling in Google Sheets
Brent Allen HeadshotBrent Allen

Financial Spreadsheets Specialist

Brent has held a wide variety of roles across a wide array of businesses ranging from world-class banking institutions to local real estate companies. With over 20 years of experience in spreadsheets and programming, along with an MBA from Queen's University and a Chartered Professional Accountant designation, he has built hundreds of financial spreadsheets and processes over his career. Hailing from Toronto, he supports the local basketball team, commiserates the local hockey team and knows more about Gen 1 Pokemon than he cares to admit to.
See More

What do other learners have to say?

FAQs

Join over 14 million learners and start Loan Amortization in Google Sheets today!

Create Your Free Account

GoogleLinkedInFacebook

or

By continuing, you accept our Terms of Use, our Privacy Policy and that your data is stored in the USA.