Why is Excel an efficient tool to use for calculation intensive applications such as creating an amortization schedule for a mortgage?

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Quizplus · Accepted Answer

Excel is an efficient tool for calculation intensive applications such as creating an amortization schedule for a mortgage because it allows users to enter formulas once and quickly copy them to multiple cells, thus saving time and reducing the chances of error. Additionally, once a spreadsheet with formulas is created, it can be used as a template for different loan amounts. Finally, Excel allows users to format a large number of cells at once for easy readability.

Why Is Excel an Efficient Tool to Use for Calculation