See how to create an Amortization Table with an Additional Payment Column. Learn how an Amortization Table shows you how much of each payment (PMT) is consumed by Interest and how much is left for the Principal Reduction.
See a trick for inventing complicated formulas. See how to correct formulas that do not evaluate to correct solutions. See how to edit complicated formulas. See how to use the IF function to fix an amortizations table problem.
In This Series learn 17 amazing Finance Tricks. Learn about the PMT, PV, FV, NPER, RATE, SLN, DB, EFFECT, NOMINAL, NPV, XNPV, and the CUMIPMT functions that can make your financing tasks much easier in Excel. See how to use the PMT function in the standard way, but also see how to use it while incorporating a Balloon payment or a delayed payment. Lean how to translate a Nominal interest rate into an Effective Interest rate. Learn how to calculate how long it takes to pay off a credit card balance. Lean how to calculate the Effect Rate on a Payday loan. And many more financing Tricks!!
The Excel Finance Tricks 1-17 will show an assortment of Excel Financing Tricks!
Excel Formula
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