Loan Amortization Table Using Goal Seek

Input Data
Interest rate (rr, % per year)
Loan life (n, years)
Initial loan balance (P, $)
Required annual payment (APmt, $)

10%
15
$100,000
$13,147
Year

Year-beg
Balance

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

$100,000
$96,853
$93,391
$89,582
$85,393
$80,785
$75,716
$70,140
$64,007
$57,260
$49,839
$41,675
$32,696
$22,818
$11,952

Annual
Interest
Payment Component
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147
$13,147

$10,000
$9,685
$9,339
$8,958
$8,539
$8,078
$7,572
$7,014
$6,401
$5,726
$4,984
$4,168
$3,270
$2,282
$1,195

Principal
Repaid

Year-end
Balance

$3,147
$3,462
$3,808
$4,189
$4,608
$5,069
$5,576
$6,133
$6,747
$7,421
$8,163
$8,980
$9,878
$10,866
$11,952

$96,853
$93,391
$89,582
$85,393
$80,785
$75,716
$70,140
$64,007
$57,260
$49,839
$41,675
$32,696
$22,818
$11,952
$0