Calculate the required payments and total interest paid for a simple fixed-rate loan. Also, create a basic amortization table and a chart that compares the cumulative interest vs. principal. Good for gaining an initial understanding of amortization for car loans and home mortgage loans. (Contains no macros.)

Note:
No rounding (Does not account for rounding payments to the nearest cent.)
This amortization spread sheet is meant for educational purposes only. We believe the calculations to be correct, but do not guarantee the results. Please consult your financial advisor or lending institution before making any final financial decisions.