## BYROW() in Excel: A Marginal Tax Schedule Example

The BYROW() function allows calculations to be done on a row by row basis. This allows for new functions to be created that are similar to the SUMPRODUCT() function, but are much more customizable. In this example, we will be …

## LAMBDA() in Excel – Generating an Amortization Schedule

Use the LAMBDA() function to create a loan amortization schedule!

## Creating a Basic Loan Amortization Schedule Without Code

An amortization schedule contains details with respect to a loan, including the following: The principal amount of the loan. The interest on the loan (typically reflected in annual terms). The length of the loan (typically reflected in years; except in …

## Using PMT() to calculate installments

One of the most commonly used financial functions is the payment function – the PMT() function. This formula replicates the mathematical equation below: Instead of using the mathematical equation, the Excel formula uses a much simpler list of arguments. =PMT(interest …