The goal of this project is to create a worksheet that through inputs and a series of formulas, be a basis of an expandable tool, that you can use to create project an amortization schedule.
The spreadsheet should be able to do various calculations using automated formulas.
Both, fully amortizing, partially amortizing (balloon) or Interest only (bullet).
there should be no balance or payment of interest past the term
Yield with or with out closing costs.
Interest Only periods.
should be fully formula driven
Able to change loan amount, amortization period, term length, interest rate.
Go crazy and include these calculations for 5%% extra credit for each item do one do them all.
calculate date of each payment
calculate interest and principal for calendar or loan year
Actual vs 360 payments.
Average life
Duration