Is Loan Amortization Affected By The Currency
There are various references and links to " mortgage calculators;" though they are specific to the US dollar. Is the formula still the same, irrespective of the currency and why does it come across as quite a complex calculation? i have been taksed with designing a "calculator" and don't seem to know where to start as the currency issue is confusing me.
View Complete Thread with Replies
Sponsored Links:
Related Forum Messages:
Loan Amortization Calculations
I'm working with a loan amortization worksheet (downloaded from Office Online). Unless I don't understand correctly, the date formula on the worksheet doesn't calculate the way I need it to. I'm not totally sure what the formula they use is doing. It does use a lot of named ranges. If a user inserts the total "Number of Payments per year", then I want the date to return the proper payment date. For instance, If the start date is 1/1/07 and the number of payments per year is 24 then the payment dates should be like 1/15/07 1/31/01 2/15/07 2/28/07 It should be the 15th and the last day of the month. If I put 52 as the number of payments then I want the formula to set the payment dates to every Friday. I'm still learning formulas so bare with me guys. Attached is the worksheet.
View Replies!
View Related
Amortization Sheet
I am looking for an amortization formula sheet for a boat loan that I have. That is easy enough, and I found that, but here is the hard part. I went in on the loan with 4 different people all paying different prices a month. Let me get specific - I have a loan where one person is paying $55 a month, another $30, and three more $35 each. For a total of $190/month for the boat loan. I want to be able to keep track how much each individual person owes in principal and in interest. Those prices a month are the minimum they will pay each month, but if someone decides to make more than the minimum payment, then it will mess everyone up with the total amount that they still owe. So basically even though it is more one big loan, it is actually a total of 5 smaller loans as well with the same interest rate, but different minimum payments a month.
View Replies!
View Related
Amortization Table Formula
I need help creating a formula. I have an amortization table and I need to take each months information and place it into a cell which resides in a letter. In the end, there should be 180 pages with different dates, interest, principal and total payments. I know that there is a way and I can not figure it out.
View Replies!
View Related
Amortization Table For X Year Mortgage
I'm trying to make an amortization table with all the individual payments. I'm trying to avoid putting in the formula manually into each individual cell. I have a formula = ROUND(F11*0.12/12,0) and I want to insert that formula down an entire column, but increasing the F11 to F12, F13, etc.
View Replies!
View Related
Debt Reduction By One Time Payment In Amortization?
How to calculate a One time Payment to maintain the Tenure In Amortization? Ex:- I havea loan of Rs 1,00,000/- to be paid @ 8%/12 for the first year and then from 13th month , it will be Floating Rate of Interest which would be mostly higher than 8%/12... I will be paying this loan off in 5 years ( i.e. 60 months) and the EMI = Rs 2028/- per month.. Lets say, if the Interest goes up to 12%/12 after the 12th EMI then the tenure increases by 5 months from 60 months to 65 months thus adding to the cost of Rs 2028*5 = Rs 10140 more.. Now What amount do I need to pay alongwith the regular EMI's to maintain the tenure of months? The amount Im referring to is a One-Time Payment added with the EMI for the 13 the mOnth to reduce the Principal and accordingly the tenure?
View Replies!
View Related
Loan Balance
I owe 15462 in the bank, currency dont matter here, that is what I owe right now, but I want to have a cell in the frontpage with the amount left, so can I make a line called =remaining-each month the amount should then each month be substracted from the new month and so on, until the amount is 0 can this be done? the second page in the spreadsheet has a post with monthly pays to the bank ...
View Replies!
View Related
Multiple Loan Repayment Optimization
I have 4 Loans of various interest rates, balances, and minimum payments. Assuming I have a certain amount of money to pay out each month, how can I minimize the total amount I pay over the lifetime of the loans? Given: Total Monthly payment: M Interest Rate for each loan: R1, R2, R3, R4 Initial Principal for each Loan: P1, P2, P3, P4 Minimum Monthly Payment: Min1, Min2, Min3, Min4 Each month, how should I distribute M over the 4 loans?
View Replies!
View Related
Calculate Home Loan Repayments
I have used the PMT function but this gives me the total to pay per month. I want to know what the repayments would be and also allow me to add in each one of the periods and extra repayment option. So if in the year I wanted to pay an extra $100 per month, I would put $100 next to each period as in a particular period(s) I might not have to put in there but want to predict what the amount owing on the house is. Is this possible or is this too complicated.
View Replies!
View Related
Effective Rate Calculation, Interest Only Loan
I have a calculation I do that calculates a clients "effective interest rate" if they make extra payments towards principal.. Calculation works fine.. However, I am now trying to figure out how to amend that code if it's an interest only loan, anyone have any ideas? Here is the effective rate calcs on a random normal amortization loan: this is in B2, and answer is 7% =RATE(B4*B5,-((B3+B7)/B6),B7)*12 B3 = Total*Interest 279017.8 B4 = #*Years*in*Loan 30 B5 = #*Payments*/*Year 12 B6 = Total*Payments 360 B7 = Beginning*Principal 200000 B8 - Ending*Balance 0 problem is when someone is on an interest only loan they pay more interest than a normal amortization because they are not reducing the principal in the first x number of years. So I need to compare the interest only effective rate to an interest only loan. Here is the example I'm working on... A client's loan is the following: Loan amount - 131,538 interest rate - 6.15 30 year amortization 10 years interest only normal client would pay an interest only payment of 674.13, then after i/o period would go to 953.80 for last 20 years of the loan, and they'd pay about $178k in interest.. Now if that client pays an extra 1,000 per year, I can calculate the amount of interest they'd accrue, but have no clue how to back into the "effective interest rate", basically that says you are paying the same amount of interest as someone with a x.xx% interest only loan.
View Replies!
View Related
Calculate The Monthly Repayments On A Loan Taken Out Over A Certain Amount Of Years
I need to calculate the monthly repayments on a loan taken out over a certain amount of years, which I can do fine. I just cant get my head around how to calculate monthly repayments over a certain amount of years when the intrest is compounding annualy. What I have so far: p*(1+(r/100))^n Where p is value of original loan, r is annual intrest rate, n is amount of years, and I am hoping I am right in saying this is the total repayable amount of the loan? Then putting that aside I created a amortization table. (which I am certain i forgot to include compound intrest in!) To keep it short i followed this guide for the amortization table. and now I am so confused about if I should be using PMT, PPMT, NPER?!
View Replies!
View Related
Loan Processing-Copy Range From 1 Sheet To Same Range On Another
I'm developing a loan processing system for members of a club. When an applicant asks for a loan, the club will calculate 10 % of that interest and the applicant will have to pay it back in 5 successive fortnightly instalments. If he asks for a loan in the first fortnight (1), for example, he will have to start paying instalments in fortnights 2,3,4,5,6 to pay it all back. The system currently has 4 worksheets. The first sheet is a the loan application form. The cells outlined in thicker border, are the cells in which details must be input. Once it is input, the data will be automatically placed in the Processing worksheet using IF and VLookup functions (See spreadsheet attached), which is used as a basis for the loan schedule Worksheet. What I need is a macro that will copy the range filled in the Processing worksheet, and copy it to the exact same location in the Loan schedule worksheet (The cells with the same fortnight columns and the same member name. This is how the loans are to be filed.
View Replies!
View Related
Currency Sign
I have a very frustrating problem with my business plan i am writing in Excel. every so often it crashes and when I open it again all the £ signs have turned to $ signs and i have to go through and painstakingly change them all. This also happens even if I just close the file carefully and open it up again. I have tried looking in preferences to see if there is a default setting but can't seem to work it out. can anyone help me with this tiresome issue?
View Replies!
View Related
Currency Conversion
I am working on a sheet that logs sales enquiries and quotations. The quotations may be made in either Dollars, Euros or Pounds. However, I want the 'reporting' column to be Pounds. I would appreciate any advice on the simplest way of achieving this. Imagine column A is dollars, column B is Euros and column C is pounds. Most of the time the quotations are done in pounds and the other two columns will be blank. Also, there will only ever be one figure quoted per row. Would it be easier to create a fourth column (D) to consolidate the three separate figures together? We are using fixed exchange rates for the year, so to convert to pounds we will multiply any dollar quotations by 0.5 and any euro quotations will be multiplied by 0.69.
View Replies!
View Related
Format Currency In IF Statement
I am having a problem defining a currency format based on an IF statement. My statement looks like this......... =IF(E22=1,"USD",IF(E22=2,"CAD",IF(E22=3,"EURO","USD"))) What I want is to show $ when USD or CAD is returned and € when EURO is returned.
View Replies!
View Related
Spell A Number (not Currency)
I am using Excel 2003 and have a column within my spreadsheet that, through a formula, inserts a decimal that has formatting to show as a percent. I would like to know who to convert that number to words. I saw spellnumber (and love it!) but don't know how to edit it so that it converts properly.
View Replies!
View Related
Format Textbox For Currency
I need to be able to format a textbox as curancy. Simple enough, right? The problem is that this box is loaded from two sources. The first is automatic using the change event, this works well. The second is to enter directly into the textbox, which requires using the exit event, this also works. The problem comes when I try to use both events. The change event interfers with the direct entry (the format keeps changing the entered value and will not allow the user to finish entering). Private Sub TextBox1_Change() TextBox1.Text = Format(TextBox1.Text, "$ #,##0.00") End Sub Private Sub TextBox1_Exit(ByVal Cancel As MSForms.ReturnBoolean) TextBox1.Text = Format(TextBox1.Text, "$ #,##0.00") End Sub How can this be changed to work for both aut load and direct load?
View Replies!
View Related
Live Currency Rates
I know that Excel has a function to import currnecy rates from the MSN Money web site. But MSN Money doesn't support all currencies. I would like to build an excel sheet where a user can maintain the currency codes and the currency rate is being fetched from the internet. Does anybody have a suggestion from where I could get currency rates into Excel?
View Replies!
View Related
Automatic Currency Conversion
I'm using excel 2000 Is there anyway to format cells such that I can enter values as Euros and they automatically convert to £ eg If I enter 14.60 (Euros) it automatically displays as £10.00, my conversion rate of 1.46 is constant throughout I know I can do the copy paste special divide thing but the above would be a much nicer solution
View Replies!
View Related
Text Representing A Currency Value
I am a complete newbie at Excel, but trying to set up a simple worksheet that I can use to save a lot of time. I have a list of names and each has a paper delivered each day. Can I set it up to treat the name of the paper ie. Tel as a value ie. 0.35? and then have it total etc?
View Replies!
View Related
AutoFilter Currency Values
I am trying to filter data using VB. I have a bunch of data that has currency. Some of the currency contains cents such as "32.50". I would like a user to be able to enter "32" and have everthing that is 32 dollars pop up even though there is a decimil point with cents in it. In the code below I tried using different variations of the "*" I tried putting it before, after, and both and it still dosen't work. I also tried using Range("Search!D17") as a Value and a Text. My code works filtering when I put the exact amount in for the currency but for some reason I can't get it to work when I only put in a partial amount If Range("Search!D17").Value = "" Then Goto 14 Else: Goto 13 13 Selection.AutoFilter Field:=13, Criteria1:= "*" & Range("Search!D17").Value "*", Operator:=xlAnd 14
View Replies!
View Related
Identifying Currency Format
When using the formula '= CELL("format",G3)' the result is ',2' for Euros, US and Canadian Dollars. As you can see in my spreadsheet this does not enable me to calculate sums (ie. Total Canadian Dollars) using the currency format. Is there something other than "format" that would get a more precise result that would differentiate between currencies?
View Replies!
View Related
Currency Conversion By Dropdown
I have a sheet of prices in USD, and want to be able to convert those numbers to Euro. I realize there is no formula to do this... I was going to list USD prices in cell A (which I was going to hide), and then in B have a formula to multiple the contents of cell A with the exchange rate. Is there a way I can create a dropdown cell and based on the contents of the dropdown change the currency items in cell B?
View Replies!
View Related
Updating Only Cells Formatted As Currency
I am trying to write some code that will loop through the workbook (selecting all cells formatted as currency), updating the cell value and rounding to 2 decimal places. The updated price must be rounded as these prices are used in calculations. The prices are not in a contiguous range and are in different cells on each sheet, but all within the range (“B1:V200”) I need the user to enter the required increase I,e 1.05 (5%) in Price update sheet, cell “F6”, then run the code from this sheet (which will be the only sheet I do not want to run the code on, which will be the active Sheet) This is the code I have so far I don’t know if it will work yet as it errors out (Type mismatch) on this line. cell = cell.Value * Sheets("PriceUpdate").Range("F6").Value Sub UpdatePrices2() For Each Ws In ThisWorkbook.Worksheets If Ws.Name ActiveSheet.Name Then For Each cell In Ws.Range("B1:V200") If cell.NumberFormat = "$#,##0.00" Then cell = cell.Value * Sheets("PriceUpdate").Range("F6").Value cell = WorksheetFunction.Round(cell, 2) End If Next cell End If Next Ws End Sub
View Replies!
View Related
Sumif Based On Currency Format
I have a list of sales made during a certain period. They are either in £ or $ and are in a list. Essentially like this (but with lots more info): sale1 £300 sale2 $450 sale3 £150 etc... What I would like to do is to have two cells at the top which sum only the £ values and a cell whcih sums only the $ values. Is this possible? My idea to was do a sumif formula based on the cell format of the sales value, but I can't see a way of doing this. The only other way I can see is to have a simple addition formula selecting only the certain cells i want, but this would be labour intensive to maintain, as the formula would need to be updated eachtime a new line is added.
View Replies!
View Related
Formatted Currency Text In Formula
I am in need of a formula. I am subtracting one number from the other and if the result is negative, “Short” otherwise “Add”, I want to use subtracting result in the formula. So for example A1 has 50,000 and A2 has 40000 so the formula in cell A3, should say add $10,000. Or something like this, =IF(A1-A2>0,”ADD”,”SUBTRACT”,”&TEXT(A1-A2,”$#,##0.00”)
View Replies!
View Related
Currency Format With 4 Decimal Places
I have a problem with the currency format with 4 decimal places. Sub go() Range("C5") = Range("C5") + Range("C4") End Sub as you can see it adds the conecnt of "R4" to what is in "R5" If works fine when the calls are formatted as number with 4 decimal places. example if R4 is 0.1111 and R5 is 0.2222 after running the macro R5 becomes 0.3333 But if the cells are formatted as currency and 4 decimal places the then excel returns $0.3300
View Replies!
View Related
Japanese Currency Custom Format
I would like to set the format of a cell to the Japanese currency format. This means that the comma separator occurs at 4-digit interval instead of 3 (ten-thousand separator instead of thousand separator) like this: 1,000 -> 1000 10,000 -> 1,0000 1,000,000 ->100,0000 1,000,000,000 -> 10,0000,0000 and so on... There are some rules with the decimals, but I will leave that out for now. how to achieve this with either custom format or VBA, instead of initiating system changes?
View Replies!
View Related
Assign Currency To Textbox Property
how I might assign the $ Currency property to one of my textboxes in my user form. I was hoping I could set the property in the spreadsheet and the form would inherit what properties the cell in the spreadsheet had but that did not work. Here is the line of code I tried to use to assign the property to the cell (TextBox 16 is the one I am trying to change) Set c = Worksheets("database").Range("a65536").End(xlUp).Offset(1, 0) Application.ScreenUpdating = False ' speed up, hide task 'write userform entries to database c.Value = Me.TextBox1.Value c.Offset(0, 1).Value = Me.TextBox2.Value c.Offset(0, 2).Value = Me.TextBox3.Value c.Offset(0, 3).Value = Me.TextBox4.Value c.Offset(0, 4).Value = Me.TextBox5.Value c.Offset(0, 5).Value = Me.TextBox6.Value c.Offset(0, 6).Value = Me.TextBox7.Value c.Offset(0, 7).Value = Me.TextBox8.Value c.Offset(0, 8).Value = Me.TextBox9.Value
View Replies!
View Related
Currency Convertor ($ Sign Doesn Not Appear)
I have a spreadsheet with cells defined as Euro & Dollars. I want to add an automatic conversion so for example, if a cell is defined as $ the formula will return the sum X 4 and if it is Euro than sum X 5. I tried to use "if" combined with "search" (so if the cell contains "$" multiply by 4) but since the cell is defined as currency the $ sign does not appear and cannot be searched…
View Replies!
View Related
Resetting A Currency Field Column
I have a column (L8 down) of cells formatted as $'s At the end of the column is a sum formula. At the end of each month the client wants to 'reset' all the $ amounts back to $0.00 Is there a macro that would reset the column of $'s back to $0.00 without removing the formulas like ClearContents does?
View Replies!
View Related
Format Currency In Thousands,lakhs
i want to know how to numberformat numbers (Currency) into thousands,lakhs. For example i m having amount in colmun D like 1239.00 i want to format the numbers in this column as Currency with thousand seperator and lakh seperator. like1,239.00 or 1,23,900.0
View Replies!
View Related
Currency Conversion: Convert In GBP
i have an order book which lists the value of each order against the currency it was ordered in. So in column A i have a list of currencies (THB, GBP, AUD, USD, the user clicks the appropriate one) and in column B i have the figure (23.50). I want a formula that can convert all these in GBP so that i can report the order totals in one currency in column C. =(IF A1="THB", B1/50, "") can i adapt this to include all variables? I will add a table with the currency conversion rates.
View Replies!
View Related
Place Currency And Number In Middle
I have a problem here with the currency style, when I put the number in the cell and clicked the currency style button, the currency is placed in the left side and the number is in right side. How can I make it both in the middle? http://i44.tinypic.com/bfnbqd.jpg
View Replies!
View Related
How To Separate The Currency Sign From The Number
I have a file contains thousands of rows of purchasing order. the purchasing value is in different local currency,the data(number) format is "Accounting" . Is there a way to separate the currency sign and the number into different column? I need to the currency sign to be able to convert data to desired currency. But Excel read the data as number. so I was doing it row by row. Such a pain and not efficient.
View Replies!
View Related
|