Excel Tip: Calculating Interest

 
As you can see, it's possible to use worksheet functions to calculate interest and principal for all or part of a loan without building out a full-scale amortization schedule. However, when one is needed, right-click on any worksheet tab and then choose Insert, as shown in Figure 3. Click on the Spreadsheet Solutions tab, and then double-click on Amortization Schedule. 
 
Figure 3: Add an amortization table to any workbook with just four clicks. 
 
See all articles by David Ringstrom.
 
About the author:
David H. Ringstrom, CPA heads up Accounting Advisors, Inc., an Atlanta-based software and database consulting firm providing training and consulting services nationwide. Contact David at david@acctadv.com or follow him on Twitter. David speaks at conferences about Microsoft Excel, and presents webcasts for several CPE providers, including AccountingWEB partner CPE Link.
 
 
 

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