Amortization Excel Template

Visit: www.educba.com
Email: info@educba.com
A couple took an auto loan from a bank of $10,000 at the rate of interest of 10%
for the period of 2 years. Now, we have to calculate EMI amount for the same.

Here,
Principle 10000
Rate of Interest 10%
Time period (Years) 2

Amortization in excel is Calculated Using Below formula:

PMT(Rate,nper,pv)

EMI amount $1,113.00

Principle $200,000
Rate of Interest 9%
Tenure(In years) 3

Amort Schedule:-

Month EMI Principle Interest Balance

0 200,000
1 6,360 4,860 1,500 195,140
2 6,360 4,896 1,464 190,244
3 6,360 4,933 1,427 185,311
4 6,360 4,970 1,390 180,340
5 6,360 5,007 1,353 175,333
6 6,360 5,045 1,315 170,288
7 6,360 5,083 1,277 165,205
8 6,360 5,121 1,239 160,084
9 6,360 5,159 1,201 154,925
10 6,360 5,198 1,162 149,727
11 6,360 5,237 1,123 144,490
12 6,360 5,276 1,084 139,214
13 6,360 5,316 1,044 133,898
14 6,360 5,356 1,004 128,542
15 6,360 5,396 964 123,146
16 6,360 5,436 924 117,710
17 6,360 5,477 883 112,233
18 6,360 5,518 842 106,715
19 6,360 5,560 800 101,155
20 6,360 5,601 759 95,554
21 6,360 5,643 717 89,911
22 6,360 5,686 674 84,225
23 6,360 5,728 632 78,497
24 6,360 5,771 589 72,725
25 6,360 5,815 545 66,911
26 6,360 5,858 502 61,053
27 6,360 5,902 458 55,151
28 6,360 5,946 414 49,204
29 6,360 5,991 369 43,214
30 6,360 6,036 324 37,178
31 6,360 6,081 279 31,097
32 6,360 6,127 233 24,970
33 6,360 6,173 187 18,797
34 6,360 6,219 141 12,578
35 6,360 6,266 94 6,313
36 6,360 6,313 47 0
Principle 4,800,000
Rate of Interest 10%
Tenure(In years) 10

Amort Schedule:-

Year EMI Principle Interest Balance

0 4,800,000
1 781,178 301,178 480,000 4,498,822
2 781,178 331,296 449,882 4,167,526
3 781,178 364,425 416,753 3,803,101
4 781,178 400,868 380,310 3,402,233
5 781,178 440,955 340,223 2,961,279
6 781,178 485,050 296,128 2,476,229
7 781,178 533,555 247,623 1,942,674
8 781,178 586,911 194,267 1,355,763
9 781,178 645,602 135,576 710,162
10 781,178 710,162 71,016 0