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In this video, you will learn how to use the Lambda function in MS Excel to create a dynamic debt amortisation schedule. You an also follow side by side with the excel file available in the following link:
www.profectusacademy.com/prac... (2nd item in the list)
As part of this, you will learn to work with various function and features of MS Excel
- FV function
- PMT function
- LET function
- LAMBDA function
- Sequence function
- Working with spilled arrays and many more
In this video, you will first learn how to use the future value or FV function to automatically find the ending balance of an amortizing loan. You will then calculate the interest amount of every period for an amortizing loan. Finally, you will learn to calculate