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Create two separate amortization schedules

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First, Create two separate amortization schedules in Excel for car loans having a payoff period of 48 months. The first loan is for $20,000 at an interest rate of 1.9% (nominal per year). The second loan is for $19,000 with an interest rate of 2.9% (nominal per year)

Second, create two more spreadsheets by adding an extra column on each where you pay $100 additional on your principal every 3 months. How long does it take to pay off each loan after making the extra payments?

If you could post a link to your spreadsheet please do that also show your formulas in excel

Reference no: EM132596186

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Create two separate amortization schedules : First, Create two separate amortization schedules in Excel for car loans having a payoff period of 48 months. The first loan
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