Loan Amortization Schedule Creation

Hi, I have carefully read your project. I'm able to do this. Just open the chat so we start work. And I'll like our work. Thanks

Hello, As an experienced and ACCA certified accountant, I have a comprehensive understanding of complex financial concepts like loan amortization. I can create for you an Excel spreadsheet that perfectly meets your requirements for the differing interest rates - accounting for both fixed and variable rates, demonstrating a regular breakdown of principal versus interest in each payment, and retaining a clear column for loan balance after each transaction. As further requested, I will also include provisions for extra payments in the schedule. In addition to my proficient Excel skills, I have performed tasks similar to this multiple times over the course of my corporate accounting career spanning 7+ years. My knowledge in film ensures that your data will be properly organized without any visual aids to ensure that only the most relevant details are communicated. Where I excel is in providing effective solutions in a timely manner, In this project too, I can deliver an accurate, cost-effective and high-quality loan amortization schedule within a short time frame. With me onboard, you can be assured of both efficiency and efficacy that will meet your expectations. Thanks

I am excited to apply for the project to create a loan amortization schedule. With expertise in Excel and a strong understanding of loan structures, I will develop a comprehensive and organized schedule that meets your requirements. Approach: Loan Parameters: I’ll define loan amount, term, interest rates, and extra payments. Interest Rate Variations: I’ll handle both fixed and variable interest rates, recalculating payments when rates change. Amortization Calculations: Using PMT, IPMT, and PPMT, I’ll break down each payment into principal and interest and show the remaining balance. Extra Payments: Extra payments will reduce the balance and adjust the loan term as needed. Clear Layout: The data will be well-organized, with no visual aids, clearly showing the breakdown for each payment. Sample Table: Payment No. Payment Date Beginning Balance Payment Amount Interest Payment Principal Payment Extra Payment Remaining Balance 1 01/01/2024 $100,000.00 $1,900.00 $500.00 $1,400.00 $0 $98,600.00 2 02/01/2024 $98,600.00 $1,900.00 $490.00 $1,410.00 $0 $97,190.00