Formula For How Much Interest Would Be Paid In A Given Timeframe
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.
I currently can calculate the interest and fill in the below rows with each month but I would like to simplify the report so that I can add the Balance, Rate, Payment(2% of balance), and Time period and in another cell it will tell me how much interest I will pay in that time period. Bascially I would like to keep all the calculations in one row.
For example
Balance | Rate | Payment | Time Period | Interest Paid
$1,000 | 10.00%|$20.00 | 6 | $48.56
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Jun 9, 2014
I need to write a formula that will look at a number in a cell and compute an amount at 1% up to 55,000. Then anything above the 55,000 compute an amount at 3.25%. Then add the two together.
So a baseline of 55,000 at 1%. Then above the baseline 3.25%.
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Feb 26, 2014
I have attached a spreadsheet which shows my desired result which often works.
Range C2:C13 is my desired result...
The problem /criteria is...
For every 140 meters sold the sales person receives £140 commission.
Meters (range B2:B13) can be carried to future months.
I am looking for a formula for range C2:C13 which calulates if commission should be paid in this month or not and if so, how much.
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Oct 24, 2008
.............................24............30............36
300014999..........9.00%.......11.00%.....12.00%
1500099999........9.50%.......11.50%.....12.50%
100000249999.....9.00%......11.00%.....13.00%
I need an all inclusive formula (all in one cell) that would look at the above table and depending upon the price paid (3000-14999 or 15000-99999 or 100000-249999) and depending upon what monthly term they choose (24, 30, or 36), the appropriate finance charge would be used to calculate a total cost (9-13%). The only way I know to do this is by using IF's and AND's, but there are simply too many arguments and I cannot properly write the formula.
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Jun 26, 2014
Is there a way to differentiate the number of unique and duplicate entries (considering multiple criterias) using a formula.
I am finding it hard to describe the request hence i have attached a spreadsheet for reference.
The first tab contains the data where I want the result in 'column J'
The second tab contains the metrics of how to calculate the result.
I am sure this will be difficult to understand at first hence feel free to ask as many questions you would like to [only related to the subject ]
For the record, I use Excel 2007 & 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
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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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)
I know that in year 10 the total pension should be £500 (non increasing) plus £814 (£500 x 1.05 to the power of ten). My problem is how do I work out a formula which calculates the total arrears due in year ten? I'm thinking the arrears due after the ten years is £314 but something is telling me it's a lot more.
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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.
I have done searches online and that is how I found this forum. I am finding amortization formulas, but not what I want
Here is my question.
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%
Amount left on loan is 150,000
Loan is fixed at 30 years with 28 years left
I want to run a formula so when I make a monthly payment of 1000 dollars how much of that goes to interest, how much to principle (not to make this complicated even more, but let say that I have 200 escrowed which I am not sure if that has interest calculated on(I don’t think so as it is property tax?))
Same example for car loan.
5 year loan, 4.5% interest, payment 438 a month.
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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,
sales price = $162000
term = 360
interest = 8.5
I was able to calculate the payment of principle and interest, but I need to validate what would be an Interest Only payment on this?
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Feb 20, 2014
If i borrow Rs.50000/- at 7.25% interest compounding monthly, repayable in 4 quarterly instalments, when i put it in excel using pmt function for emi quarterly payment and ipmt for interest calculation at the end of the 4th quarter (i.e last instalment) the balance will not become zero it shows a balance of Rs.14.35 its due to interest compounding monthly, is there any formula in excel to overcome it?
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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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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;
r = the effective interest rate
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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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 17, 2009
1. Can I lock particular cell If Yes,How? I want to lock cells which contains formulas.
2. If cell K7 shows 11 I want to see G11 in H9. Same if Cell K7 shows 201 I want to see G201 in H9.
Its a interest calculation sheet where K7 is number of days amount invested and COLUMN G shows interest accured.
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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.
I need it to compound interest in both directions
240 is the total number of days per year I am trying to track
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
What I am trying to do is to create a formula for the attached spreadsheet - that calculates the daily compounding interest based on the higher rate of the two rates for the first five years then after 5 years the calculation should only be based solely on the blocked rate.
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Aug 22, 2008
I have two excel sheets. The first lists all orders submitted. The second lists all orders paid, or pending payment. I would like a column in the first sheet that would show if that order was paid, by pulling the info from the second sheet.
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Jan 22, 2007
I am trying to sum rows based on unusual criteria: i.e. A table of date c2:t9 contains details of expenditure for 16 periods for insurance and motor expenses. i want to convert this to a cashflow format and reflect when the item is actually paid, so if it is paid in february, march, etc (given in the original table) I want to add the totals in the months preceding the set date. also, if the criteria is a number <12 then i want to add up the preceding amounts if the period number is a factor of that number e.g - criteria is 3, then i want to add rows 1-3 and put in period 3, 4-6 and put in period 6.
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Mar 25, 2014
I want to create a spreadsheet that I can export my transactions from my credit card onto -- is there a way to make it so that the transactions that haven't been covered by my most recent payment(s) are red, while the ones that are paid are green without manually going through & doing it? I know there's the IF, TRUE, FALSE formulas, but I'm confused on how to use them.
Basically, if I spend $1,000 between 5 transactions and make a $400 payment, I want the oldest transactions totalling up to $400 to turn green, while the remaining are stay red until a new payment is posted.
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May 15, 2009
I have this code which need to capture Rank & URLS of given keywords in Google paid search but now its not capturing any rank & urls, its gives no data found. solve this and modify it in such way that it record the position of the paid advert on the google page, advert title and description and then click on the ad to capture the actual landing page (not the landing page url shown in the paid ad).
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Nov 26, 2009
I'm trying to mark up in advance the dates where i'll get paid. I get paid monthly on the 2nd last working weekday of the month. So because we have the 30/11/2009 falling on Monday of next week, my pay day for this month is Friday 28/11/2009.in December it should be the 30/12/2009.
I'm getting all tied up in Networkdays, EOm and weekday function!
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May 6, 2014
Find attached , formula on d2 and e2 , raw data sheet1
Attached Files : counting seller paid.xls
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Mar 25, 2014
In excel 2007 i need to do a formula...
I have the number of hours and de couste...in an other cell i have the expression that says that is paid or not....
I need only sum the cells that have the expression paid ...how do i can do this?...
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May 26, 2009
I have an issue on manipulating the data in my worksheet below. I need to update column 'remark' when the customer has pay fully. Example customer 1003 and 1004 both pay completely so I need to update done in column remark. For customer 1002, because not fully pay, so cannot update done.
customer inv no invoice payment remark
1002 A12 100 100
1002 B45 120 0
1003 W12 90 90 done
1004 F12 30 30 done
1004 F17 45 45 done
May I know what function or coding can achieve this?
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Feb 11, 2009
Most Recent Paid EMI Date:
I need to get the Most Recently paid EMI in the List it should be in tune with the TODAY() as well as the PAID one indicated by "X" in Column F..
Next EMI DATE:
This would be the NEXT EMI date as the name suggests after the Most recent paid EMI…In this case 14-Feb-09
Date to Replenish:
This date would be when the Amount in the Account has got reduced indicated by "X" in column E...In this case 10-May-09.
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Apr 8, 2006
I work for a company that owns hotels and casinos all over the States.
Company wide I would say we have about 13,000 employees. The hotel I work at
has around 125 employees (even w/ the constant turnover after Katrina hit).
My problem is, that my corporate office refuses to update our payroll
operations. We still use punch time cards that every other Friday I have to
manually enter time into the payroll server timesheet. Our system does not
calculate paid time off, among a lot of other things. My employees come to
me almost daily asking if I can tell them how many PTO days they have left.
The only way I have to figure it out is by going through every PTO bi-weekly
request form spreadsheet until I have added up the days taken throughout
their service year.
I am trying to build a spreadsheet in Excel 2003, that consists of:
Emp#, Name, Job Class, Hourly Rate, Hire Date, Birthdate, Last Review Date,
PTO per yr, PTO taken, PTO days left....among other personnel information.
I want to create a formula that will calculate the PTO per yr the employee
has.
After 6 months = 2 days
1 year = 10 days
2 years = 14 days
6 years = 19 days
16 years = 25 days
26 years = 30 days
(If the employee does not use the days within their service year, they loose
it.)
I also want in the PTO taken column a formula that will pull the # of days
taken from the PTO request spreadsheet that I have to send in to home office.
The employee's differ every spreadsheet, as does their placement. Once the
days taken are in their proper column, I want the PTO left to be calculated
from PTO days per year minus the days taken.
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Jan 8, 2004
I am trying to build a spreadsheet to calculate referral fees paid to our agents. These are sliding scale fees and I need the formula to consider both the high and low range of the project value. For example we pay a certain percentages for sales in the following ranges:
Up to $5,000,000 (I got this one to work)
$5,000,001 to $7,500,000
$7,500,001 to $10,000,000
$10,000,000+
I assume the best way to do this is with an IF command but I only know how to use it for a single value, not a range. Also, if the statement is not true, then return $0.
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Sep 19, 2006
I have 12 different sheets named April-06-sales through to march-07-sales. I need is to be able to search all of the sheets and check if the invoiced paid column is blank and if it is copy that row into a new sheet. All of the sheets have a different number of rows.
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Jul 13, 2009
Part of the assesment task is to write a formula, to work out how many days in advance the customer paid, and then apply the needed discount. I have tried several basica variations to the formula, and keep getting the same Err message.
give point me in the right direction to how i can calculate amount of days paid in advance and apply a % discount?
attached is the start of the assesment question.
You should create and enter formulas to calculate the No. of Days paid in Advance, the Discount and the Course Fee Paid.
Use a VLOOKUP function in your template to determine the discount rate to be used for the calculation of the Discount. Your template should include a separate discount table containing the following information about the discount received:
• If students pay the course fee less than 7 days prior to the course commencing then they receive no discount.
• If students pay the course fee 7 to 13 days prior to the course commencing then they receive a discount of 5%.
• If students pay the course fee 14 to 20 days prior to the course commencing then they receive a discount of 8%.
• If students pay the course fee 21 days or more prior to the course commencing then they receive a discount of 10%.
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Apr 21, 2006
I would like a lookup that takes multiple criteria and that is not an array formula! Unfortunately I decided to use array formulae and my spreadsheet went to over 45mb!! Not good. I've searched the forum for an answer to my questions but couldn't find any! I've attached a spreadsheet as an example. The examples I am using have {Sum(IF)} formulae in it (array) and I would like to change those to others that will not increase the file size so much and will not take too long to calculate.
Basically, I would like a lookup that will return me the Amount Paid and Full Cost based on the person's name and the date. the data and the results table are both on separate sheets. It would be nice to bring that file's size back down to less than 4mb!!
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