Learn how to build an amortization dashboard in spreadsheets with financial and conditional formulas.
A loan amortization schedule sounds like something that's only used by bankers and financial traders, right? Wrong! In this course, we'll be looking at the key financial formulas in Google Sheets that you can use to investigate your own loans, like student loans, car loans, and mortgages. We'll build up a dashboard in Google Sheets which uses visualizations and conditional formulas to produce presentation-ready spreadsheets which will impress any finance manager!
Introduction to Financial Concepts in Google Sheets
-In this first chapter, you will learn all the basic financial formulas in Google Sheets that are needed to build up your first loan amortization spreadsheet for a student loan. This chapter will introduce calculations for principal payment, interest and principal at a given point in time.
Creating an Amortization Schedule
-This chapter is focused on extending the payment formulas to the full length of a loan. By the end of the chapter, you will be able to create a fully functional schedule and will be able to verify the accuracy of the calculations on the schedule.
Making a Loan Amortization Dashboard
-This chapter is about taking the amortization schedule that you created in Chapter 2 and converting it into a fully functional loan dashboard which can be used by end users. You will create line and bar graphs, as well as using input controls and cell protection to ensure that end users will only be able to change what you want them to change!
Non-standard amortization schedules
-The final chapter introduces real-world adjustments which are made to amortization schedules. These sorts of adjustments include upfront fees and lump sum payments. The course finishes by talking about floating rate mortgages, the maximum interest rate on floating loans and negative amortization.