Create an amortization schedule in excel that can project a 360 month self liquidating mortgage...
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Accounting
Create an amortization schedule in excel that can project a 360 month self liquidating mortgage including balance, payment, interest and principal payment. Column headings are period, beginning balance, payment, interest, principal, ending balance. I believe you know how to calculate payments, interest is prior balance x interest rate /12 and principal is payment - interest. As payments are applied the loan pays down to zero with the last payment. Please create this spreadsheet so that the loan amount and interest rate may be adjusted.
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