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Loan Amortization in Spreadsheets

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

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4 Hours13 Videos56 Exercises3,180 Learners4800 XPFinance Fundamentals Track

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Course Description

A loan amortization schedule sounds like something that's only used by bankers and financial traders, right? Wrong! In this course, we'll be looking at the key financial formulas in Google Sheets that you can use to investigate your own loans, like student loans, car loans, and mortgages. We'll build up a dashboard in Google Sheets which uses visualizations and conditional formulas to produce presentation-ready spreadsheets which will impress any finance manager!

  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.

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    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

In the following tracks

Finance Fundamentals

Collaborators

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Chester Ismay
ml3648
Marianna Lamnina
Brent Allen Headshot

Brent 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.
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