Amortization table
READ ME
| If you need assistance using Excel, you can access a tutorial that is appropriate for your experience level and your version of Excel. | |||||||||
| Access these tutorials at Atomic Learning using your SNHU login at: | Excel 2016 | ||||||||
| The Data Analysis ToolPak is an add-in program for Microsoft Excel. It must be added in to the software before it can be used. | |||||||||
| If you have "DATA" already on the upper main menu, then simply click on it and you will open up a tool bar of assorted new Excel tools, including: | |||||||||
| Get External Data, Connections, Sort & Filter, Data Tools, Outline, and Analysis. | |||||||||
| If you do not see "DATA" on the upper main menu, then you must add this program into Excel by doing the following: | |||||||||
| Click FILE in the upper tool bar, followed by OPTIONS, then select ADD-INS. | |||||||||
| Next, on the bottom near Manage, select EXCEL ADD-INS and GO. Ensure the ANALYSIS TOOLPAK is checkmarked and click OK. | |||||||||
| This ToolPak will provide additional data analysis tools for statistics. | |||||||||
| NOTE: If you are unable to load this ToolPak into your version of Excel, you may have to consult your installation CD and reinstall the Excel set-up | |||||||||
| The DATA ANALYSIS TOOLPAK provides 18 additional statistical tools in the areas of: | |||||||||
| Descriptive Statistics; Sampling; Hypothesis Testing; Analysis of Variance; Regression and Correlation; and Time Series Forecasting | |||||||||
| The ToolPak is valuable to business analysts and leaders who desire additional capability from the Excel software. |
Template - Amortization
| NEWS has decided to purchase a new parcel of land in order to expand operations into a brand-new facility and retake the competitive advantage. | |||||||||||
| The Amortization Schedule below has been generated for your use in this assignment and in future professional/personal endeavors. | |||||||||||
| NOTE: Payment is calculated by using the PMT function in Excel, based on a given interest rate, total periods, present value borrowed (-), and future value | |||||||||||
| Question 1: NEWS would like to compare two different parcels, each of which is tied to a specific lender and the lender's terms. | |||||||||||
| Parcel GREEN has the following conditions: Cost = $ 10,000,000; Annual Interest Rate = 11%; Loan Term = 25 Years | |||||||||||
| Parcel BLUE has the following conditions: Cost = $ 7,500,000; Annual Interest Rate = 20%; Loan Term = 15 Years | |||||||||||
| Provide your recommendation on which option is the best option and why. | |||||||||||
| ANSWER: | |||||||||||
| Question 2: How does your answer change if NEWS is concerned with short-term profit margins? | |||||||||||
| How does your answer change if NEWS is concerned with long-term debt, due to a poor book value rating from the most recent stock analysis? | |||||||||||
| ANSWER: | |||||||||||
| Amount Borrowed (Present Value) | Amount Borrowed (Present Value) | ||||||||||
| Future Value | $ - 0 | Future Value | $ - 0 | ||||||||
| Years | Years | ||||||||||
| Payments per Year | 12 | Payments per Year | 12 | ||||||||
| Total Periods | 0 | Total Periods | 0 | ||||||||
| Annual Interest Rate | Annual Interest Rate | ||||||||||
| Compound Rate | 0.00% | Compound Rate | 0.00% | ||||||||
| Payment Amount | $0.00 | Payment Amount | $0.00 | ||||||||
| Payment Number | Payment | Interest | Principal | Balance | Payment Number | Payment | Interest | Principal | Balance | ||
| 1 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 1 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 2 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 2 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 3 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 3 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 4 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 4 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 5 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 5 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 6 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 6 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 7 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 7 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 8 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 8 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 9 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 9 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 10 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 10 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 11 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 11 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 12 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 12 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 13 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 13 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 14 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 14 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 15 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 15 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 16 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 16 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 17 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 17 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 18 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 18 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 19 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 19 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 20 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 20 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 21 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 21 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 22 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 22 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 23 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 23 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 24 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 24 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 25 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 25 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 26 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 26 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 27 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 27 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 28 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 28 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 29 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 29 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 30 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 30 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 31 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 31 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 32 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 32 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 33 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 33 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 34 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 34 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 35 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 35 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 36 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 36 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 37 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 37 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 38 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 38 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 39 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 39 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 40 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 40 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 41 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 41 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 42 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 42 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 43 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 43 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 44 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 44 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 45 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 45 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 46 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 46 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 47 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 47 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 48 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 48 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 49 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 49 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 50 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 50 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 51 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 51 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 52 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 52 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 53 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 53 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 54 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 54 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 55 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 55 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 56 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 56 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 57 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 57 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 58 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 58 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 59 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 59 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 60 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 60 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 61 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 61 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 62 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 62 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 63 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 63 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 64 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 64 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 65 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 65 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 66 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 66 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 67 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 67 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 68 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 68 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 69 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 69 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 70 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 70 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 71 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 71 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 72 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 72 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 73 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 73 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 74 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 74 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 75 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 75 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 76 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 76 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 77 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 77 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 78 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 78 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 79 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 79 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 80 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 80 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 81 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 81 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 82 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 82 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 83 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 83 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 84 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 84 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 85 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 85 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 86 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 86 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 87 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 87 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 88 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 88 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 89 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 89 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 90 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 90 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 91 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 91 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 92 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 92 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 93 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 93 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 94 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 94 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 95 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 95 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 96 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 96 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 97 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 97 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 98 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 98 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 99 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 99 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 100 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 100 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 101 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 101 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 102 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 102 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 103 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 103 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 104 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 104 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 105 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 105 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 106 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 106 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 107 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 107 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 108 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 108 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 109 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 109 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 110 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 110 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 111 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 111 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 112 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 112 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 113 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 113 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 114 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 114 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 115 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 115 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 116 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 116 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 117 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 117 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 118 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 118 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 119 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 119 | $0.00 | $ - 0 | $0.00 | $ - 0 | ||
| 120 | $0.00 | $ - 0 | $ - 0 | $ - 0 | 120 | $0.00 | $ - 0 | $0.00 | $ - 0 |