Formula For Calculating Partial Year Interest
Feb 4, 2014
I have developed a financial calculator that asks the user for the "input date" which is used to record balances as of the input date. My interest calculation for the first year is based on the current date compared to the input date. For example, if the user is keying in a current balance of 10,000 @ 10% interest, and the "statement date" or "input date" is 12/30/2013, and the current date is today, 2/4/2014, then it should calculate interest for the entire year of 2014. It is not doing that. It calculates $3 interest.
But if input date is 6/30/2013 with current date of 2/4/2014, it seems to work OK. It calculates interest of $504 in that case. It appears to get messed up with the year transition between current date and input date. The formulas I have listed below appear to work fine except when the input date is 2013 for the year and the current date is 2014. The formula does not "see" that input date was last year. There must be a minor tweak to formula I am overlooking.
Cell C2 = Today's Date=TODAY()
Cell C3 = Input date (user keys in date in mm/dd/yyyy format)
Cell E2 = "translate input date to year format" =DATE(YEAR(C3),12,31)-C3
Cell E3 = Investment Rate
Cell G2 = yr 1 interest rate adjusted =(E3/1)*($E$2/365)
Cell C21 = Current Balance
Cell D21 = Interest Yr1 = C21*G2
I need the interest calculation to account for partial year accrual.
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Oct 21, 2009
I use Excel 2007 , I created Interest calculator , on Daily basis , to caluculate interest , compounded quarterly.
But I want to make it compact , as d one I created is long enough.
A3 = Principal Amount
B3 = Date of Investment
C3 = Interest as on Date
D3 = Number of Days , amount Invested {comes out of formula set}
E3 = Rate of Interest
Now in F3 I want the Interest amount , compunded quarterly.
Some times NUMBER OF INVESTED CAN BE LESS THAN 90 DAYS TOO...then what ?
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Aug 6, 2006
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far, I have not found a worksheet function for that. Could someone point me
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Feb 20, 2014
I've uploaded my spreadsheet. I asked my professor if our formula had to take into account whether or not our payment would be changing. As long as I calculated the initial amount - which worked out to be around 30 dollars, I could assume I paid that amount for the entirety.
ASSIGNMENT 4
My latest Mastercard statement shows a balance due of $1,696.96.
Based on recent bills, assume that the minimum payment amount is computed as follows
(balance_owed)*(annual_interest_rate/12) * 2, then rounded to the nearest whole dollar amount.
The minimum payment amount is the amount calculated above or $25.00, whichever is the greater amount.
The annual interest rate for purchases is 11.24%. If I make no more purchases and always pay my bill on time how many years and months will it take be pay it off at the current minimum payment amount each month?
How much total interest would I pay if I repay the loan this way?
What fixed monthly payment amount would pay off the debt in 2 years?
Assume monthly compounding of interest. All calculations are to be done in the Excel worksheet.
The functions NPER() and PMT() will be useful. Note that either the Present Value or Payment amount should be negative (not both) because of conventions concerning the direction of cash flow."
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Jul 6, 2013
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May 21, 2013
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Dec 12, 2006
I have attached the spreadsheet in a pdf. I can e-mail it to anyone who is is willing to help me.
I am trying to calculate the amount of income per calendar year from each tenant.
I have, for each tenant, a commencement date (the date that the first lease year began) and a termination date (the date the last lease year ended). If a tenant has signed a 10 year lease, for example, and his lease commenced on February 15, 2005, then it will terminate on February 14, 2015. The 10 years in that range each have a different rent for that year. Year 1, (from February 15, 2005-February 14, 2006) he will pay $4k a month. In Year 2, (from February 15, 2005-February 14, 2006) he will pay $6k a month. What I want is a set of columns that show the total rent he will pay in 2005, 2006, and so on. The 2005 total should be: $42,000 (10.5*$4000). In 2006, it should be: $69,000 (1.5*4000 + 10.5*6000), and so on to year 10 (being split between 2014 and 2015. Also, please note that the lease could commence on any day of the month and they pay the corresponding pro-rata share of rent based on the number of days into the month the Lease Year is starting/changing.
The result should look like this:
[2005][2006]
[$42000][$69000]
next tenant amounts
next tenant amounts
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Sep 1, 2008
writing a formula that would result in my organizations' business fiscal year.
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3rd QTR = 1/2008 - 3/2008
4th QTR = 4/2008 - 6/2008
When 7/1/2007 is entered, the result should be Q1-2008
10/20/2007, Q2-2008 and so forth.
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Jan 24, 2008
I trying to find a formula to give the difference between two dates in year and month.
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I tried the following formula from a previous thread but it gives the answer in text but I need it to result in 2.11.
[url]
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Jul 23, 2008
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How can I get the formula to Change Automatically based on the Month & Year as per the example shown above?
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Mar 5, 2014
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Dec 8, 2013
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Month 2012 2013
Jan 300 100
Feb 275 100
Mar 400 150
April 650
May 454
June 800
July 500
Aug 375
Sep 525
Oct. 300
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Sample file is attached : Comparison_Years.2011.xls‎
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Feb 25, 2010
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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
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Nov 18, 2008
I have a person who was paid £1000 pension pa for ten years. I've found out that the pension should have been split 50/50 with half increasing by 5% pa. Thus in year 1 total pension would be £1000. In year 2 the total pension would be £1025 ((£500 x 1.05) plus £500)
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Dec 10, 2007
I am trying to set up a budget for my self. Of course I am trying to make it as complicated as possible.
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I have two fields, Mortgage and auto loan
I want to have a field that does a calculation for me.
I know following fields as an example making numbers up
Interest rate is fixed at 5.5%
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Same example for car loan.
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Aug 24, 2006
I have been raken by brain for a simple formula to calculate an Interest Only Payment on a mortage note, example,
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Feb 20, 2014
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May 27, 2008
I am currently trying to create an excel spreadsheet where I would know how much interest I will pay in the next six months, since the balance changes every month I am not sure how to formulate the total interest paid with in a specified time period.
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For example
Balance | Rate | Payment | Time Period | Interest Paid
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Jan 27, 2007
I am trying to calculate the effective annual interest rate earned on an investment and find the results are close but not really accurate. I suspect because I have not included the frequency of interest in my existing formula
r = n * nt root (A/P-1)
where;
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n = the number of times interest is added per year
t = the total number of years
A = the current value
P = the original value
The 2 problems I face are;
1. Confirming this formula would provide the correct answer (need maths expert here) &
2. How would "nt root" (as in sqr root, but using the product of the years and frequency) be used in Excel
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Oct 17, 2009
1. Can I lock particular cell If Yes,How? I want to lock cells which contains formulas.
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Dec 20, 2011
I would like to have an excel table that has 240 usable lines going horizontal (to the right) and vertical (down) from the starting number.
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There should be adjustable starting amounts and compound interest
Be able to adjust the entered amount anywhere along the time line and it recalculate the amount from there on...
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May 29, 2014
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I need to find the last row of a table I'm manipulating with VBA. The last row contains only the subtotal of a specific column. I am currently using the following code to find the last row. (NB:'j' is the the specific column, the formula in the last cell is shown in the Do While conditional, but the value 109 can change)
Code:
Do While Cells(i, j).Formula "=SUBTOTAL(109,[BID PRICE '#1])"
i = i + 1
Loop
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Can I change my conditional to search for just the "=SUBTOTAL" portion of the formula?
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I'm working on a formula to make it enable a part of the text then return the best possible match. Below is my formula
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However, it works with some text but won't work for some.
For example, I have this text CARE-A-LOT, INC and in the master sheet there is a similar text like this CARE-A-LOT. I want it to return CARE-A-LOT as this the best match possible.
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Aaron Drielick 2.5
Aaron Drielick 37.5
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Akila Subagaru 1.5
Akila Subagaru 1
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Albert Major 6.5
Albert Major 2
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AE3563636D175C2501AP
AE3563636D210C2501AP
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I attached a worksheet with the YTD listed on the far right.
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