# Calculate Interest Per Month

Jan 12, 2010
Sample data:

02-06-09 to 18-06-09 earned $2500

19-06-09 to 23-08-09 earned $3500

24-08-09 to 31-12-09 earned $4500

I am thinking if there's a formula that can calculate the interest earned for each month from Jun-09 to Dec-09.

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Dec 29, 2013

I have a problem calculating a total interest for an input period that has different interest rates. You can see the attached file: INTEREST.xls

I have used a function but the result comes out wrong. Can I fine tune it or do I have to change my method of calculating.

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Jun 30, 2007

I am trying to create a calculator based on a worksheet I have. I do not know how to write a formula for simple interest calculations and for compound interest calculations.

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Nov 8, 2008

Some years ago I came across a formulae to calculate Daily Interest on a Building Society Savings account in the UK. I have used this since but find my calculations never work out the same as my BS, although to my advantage! It is =B3*B4/360*DAYS360(B5,B6,TRUE) Where:

B3=Capital

B4=Interest Rate

B5=Starting Date

B6=Finishing Date

For some reason the formulae uses 360/year and not 365/year. Using both still gives wrong answer.

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Sep 22, 2011

I am trying to work out a formula to calculate compounded interest rates.

I have a table that is 24 columns wide (months).

1 row that will have amounts input in to the columns (these will be different amounts)

I want to have a row along the bottom that calulates the compounded interest at a fixed interest rate on the total amount that is in the first row.

I have managed to do this using a table but surely there is a formula for this as the table can become very troublesome if the input amounts change.

Ive added an image (attached) : excel.jpg

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Apr 10, 2008

I am trying to set up my excel to calculate daily compound interest.

The amount is 10,000 at 0.75% per day for 6 months.

I have tried several different things with no success -

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Jan 30, 2010

I need an array formula, that will peform a calculation in memory for each portfolio if the (Interest - B/F) = >20, or Excel Jeanie HTML 4

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Jan 31, 2014

I currently use goal seek to calculate an interest rate for a loan product. My problem is i would like to have the same function but not through a goal seek. In goal seek i have to set the value i want to achieve but ideally i want it to calculate automatically

I have attached a workbook with details. I use a loan amortization schedule to calculate the interest from parameters set on sheet 1

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Mar 5, 2013

I am looking to calculate compound interest over a period of 10 years.

I am looking at putting a lump sum in at the beginning and contribute in monthly installments for the entire 10 years. How would I go about this.. I know there are formulas there, however I'm not a financial person at all..

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Dec 6, 2008

I'm trying to come up with a way of calculating Money earned over time by compounding interest, but with a twist. After reaching a set amount of money, all money above and beyond does not gain interest. example:

Principal: $120 (user input value)

Duration: 9 (user input value in days, compounding daily)

%Intertest: 4% (user selected value, either 2% or 4%)

Max interest you can earn: $6 (fixed)

Max interest generating money: $150 (variable dependant on %interest, = $150 or $300)

Response/Answer is final value. I don't need the daily results like the example.

Result would be: $170.84

$124.80 (4.80 interest)

$129.79 (4.99)

$134.98 (5.19)

$140.38 (5.40)

$146.00 (5.62)

$151.84 (5.84)

$157.84 (6.00 reached the max interest level)

$163.84 (6.00)

$170.84 (6.00)

my equations I have so far only do one (below 150 total) or the other (above) but not both. and its just a regular formula: =IF(P<M,IF(P*I^D<M+1,P*I^D,"over limit"),P+6*D)........................

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Aug 2, 2014

I have been loaning my brother money over the past 14 months. The loans have been in the form or $1000 per month plus random payments for one-off expenses like doctors fees. He's not paid anything back yet but we want to know what the total owed is for interest of 10% per annum.

I can easily create a table with payments I've made and the dates with a running total of how much I've paid but how to I create a running balance of what he owes over time based on adding in interest. This might end with a one-off payment in a couple of months, I'd like to calculate what is owed there as a minimum.

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May 25, 2009

The way I have this sheet setup is to calculate a 20% fee off the interest earned column "D". Say you earned 6.5% on a beginning balance so the interest earned is in col "D". This works fine for a 20% fee but I need the fee to calculate a 10% fee if the interest in column "C" hit 4% or below and it also needs to be able to calculate a 20% fee if the interested earned is above 4%.

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Jan 28, 2010

I have a spreadsheet that is now a yeare old with 5000 rows and is now going into the 2nd year

Column A is for date input and the same date can be repeated several tumes :-

1 Jan 09

1 Jan 09

1 Jan 09

1 Jan 09

2 Jan 09

2 Jan 09

3 Jan 09

3 Jan 09

3 Jan 09

Sometimes there are all 30 /31 days but normally not .

I need to find the last ocurance of the last date used for each month and then use the cell number to calculate the column totals for that month.

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Jul 1, 2009

I have a spreadsheet that has columns of monthly values for three years of financial data and where the values for the latest month are added to the last column. Months that have not been completed will have a zero value (e.g. Jul-09).

Jan-09

Feb-09

Mar-09

Apr-09........

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Aug 13, 2007

I am after a UDF to calculate the month based on a a date. I cannot use the month function in excel as the dates are slighlty different.

ie

05/01/07 - 06/02/07 = Jan

06/02/07 - 05/03/07 = Feb

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Oct 7, 2008

I'm looking for a way to calculate (name) a fiscal month based on a date range. Example attached. Columns A & B are a date range and column D is the desired outcome. I'd prefer a formula solution, but am open to anything as I haven't a clue how to begin with this.

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Apr 17, 2013

I am having trouble creating a formula to capture the "first of the month after 60 days" from the Hire Date.

Example, Hire Date is 01/15/2013, should return 04/01/2013. Would the ROUNDUP function be useful here?

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Nov 28, 2006

I'm working on a Calendar. One where all the user does is input the year, and the rest of the Calendar fills itself out, as to the days.

Leap year is causing a small problem. There may be an easier way to do this (actually, I'm sure there is, but anyway), is there a way for a cell to automatically figure the last day of the month?

IE: I put "2007" in a field. Another cell auto matically reads as "28" (last day of Feb for this year). Subsequently, when I enter "2008", the same field reads "29".

The rest I think I got ok, but everytime I get a leap year, it shoves all my formulas down a cell, thanks to the extra day, and they're all off by one (February calendar showing last day as "01" from March, and "29" as the first day for March, from Feb).

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May 21, 2014

I have been using Excel for a while but i'm kinda stuck at one point where i have to calculate the sum of the numbers corresponding to the month of the data.

Column 1 has all the dates in different months - in this workbook i've included only jan, feb and mar. The second column has the counts corresponding to the dates.

Now if a user inputs the month (1,2,3) number in F2, then we need to compute the sum of all the numbers from second column corresponding to the month in column 1 and display in cell F4.

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Dec 25, 2013

I need a formula to calculate a date 6 months forward from the start date. However, in the calculated 6th month, I need it to the day before the start date.

ie: start date: 26/12/13 -- End date: 25/06/14

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Dec 9, 2008

I have a workbook where I would like to enter the date of the starting month when the workbook is being used, and I want it to calculate in the next cell across the ending of that month.

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Nov 11, 2009

I am trying to construct a schedule of tasks to be done by certain dates. If the last day of the month is entered (say 11/31/09) in a cell, is it possible to find out the date for the third Thursday of November or the first Wednesday or the last Friday?

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Sep 19, 2012

I am attempting to create a formula that will select a value from a lookup table where that value is related to a specific date BUT that date, derived from an input date (any day within a selected month) must always be the first BUSINESS day of that month.

For example:

I have a workbook with two worksheets in it.

The first worksheet is the input page.

On that page I want to have a list of dates which display the FIRST BUSINESS DAY of a month - e.g.

Cell A1 - Date entered as 19/9/12 and displayed as 19-Sep-12

Cell B1 - NEEDS THE REQUIRED FORMUAL TO CALCULATE THE FIRST BUSINESS DAY OF THIS MONTH (SEP)

(in this example, this should be 3) and displayed as 03-Sep-12

Cell C1 - Will display the value from the lookup table on worksheet 2 (see below) related to the date in B1

The second worksheet is a lookup table containing a sequential list of dates from 28-Jan-69 through to present (19-Sep-12) in Column A.

The adjacent column B contains the related value to that date (the value being a foreign exchange rate) - e.g.

Daily

Date

USD

29 June 2012

1.0191

1 August 2012

1.0507

[Code] ........

Worksheet 1, Cell C1 should display the value of 1.0266

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May 21, 2013

For any given year, I would like to calculate the date of the third Wednesday of each month for that year, plus the interval (in weeks) between two consecutive months (Which will be either 4 or 5).

Example:

Enter 2013 in cell A1

Output would be:

A2 - Jan 16

A3 - Feb 20

A4 - Mar 20

A5 - Apr 17

..

A13 - Dec 18

AND

B3 - 5 weeks (interval Jan-Feb)

B4 - 4 weeks (interval Feb-Mar)

B5 - 4 weeks (interval Mar-Apr)

..

B13 - 4 weeks (interval Nov-Dec)

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Jan 16, 2008

Ive created an invoice. The data is being entered on the previous sheet & then this invoice reads the data from the previous sheet through the formulas as shown below. The data that is entered, is entered contineusly everyday, so the invoice calculates the amounts from the entire data input sheet. I need to add some controll to the invoice where I can select a starting date & an ending date, and then the amounts must be calculated on the invoice according to the selected dates.

H I J

27 Qauntity: Cost: Amount:

28 55 R 185.00 R 10,175

29

30 Net amount: R 10,175

31 Vat: R 1,424.50

32 Amount Due: R 11,599.50

Invoice

[Table-It] version 09 by Erik Van Geit

RANGE FORMULA (1st cell)

H28 =SUM(Divenic!G5:G5004)

J28 =SUM(H28*I28)

J30 =J28

J31 =J30*0.14

J32 =J30+J31

[Table-It] version 09 by Erik Van Geit

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Jun 19, 2014

So yesterday I created a thread [URL] ..... that would clear a specific content if a date (or rather a day) matched the criteria.

Today I'm continuing with that document and need to sum the columns if the date in a row is the correct month and year.

Ex. Row 1 contains the date "yyyy-mm-dd" and row 2-5 contains empty cells or the value x. The x values are all random placed.

So, I want to sum all the "x" for February 2014.

I'd rather use a formula here than a macro/VBA-code but anything will do. I have tried myself with =sumifs and =sumproduct but with no success.

See attached file for example and for my =sumproduct formula.

Excelforumexample1.xlsx

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Mar 17, 2014

I have a list of months in column A and would like a formula in column B that calculates the number of calendar days for each month (i.e. Jan=31, Feb=28 etc.)

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Nov 12, 2008

I am using a formula to calculate the last day of the month, using any date of the month in a worksheet in cell A13, this cell is also linked to another worksheet to pick up a date, using the ISBLANK function to prevent a dummy date entry appearing if the field in the linked ASHBY RISE worksheet is blank

=IF(ISBLANK('ASHBY RISE'!$C$5),"",'ASHBY RISE'!$C$5)

The last day of the month function is shown below

=DATE(YEAR(A13),MONTH(A13)+1,0)

This works fine if there is a date in A13, but returns a #VALUE! error if cell A13 is blank. I have tried using the ISBLANK function, but I am still getting the #VALUE! error. Of course I may have the sysntax incorrect.

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Dec 6, 2009

I want to calculate Year To Data in B1 based on some data in C1 to N1. The monthnumber is located in cell A1.

There is of course several ways to do this, but is there a simple and easy formula one can use.

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Oct 16, 2008

i have a dataset which is like a timeseries with 3 columns

first is year second month third values

so lets say like this

year month day value

2004 12 29 100

2004 12 30 200

2004 12 31 300

2005 01 01 50

2005 01 02 60

.....

I need to calculate the quartiles with the condition of the year or the month or even both... I suppose i need something like an array but i couldnt make it work untill now.

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