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..
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.
View 4 Replies View RelatedI 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
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 -
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)........................
I have a column of years and a column of numbers representing annual
amounts placed in a savings account for the year. I would like to calculate
the balance of interest earned added to the balance of the account and then
calculate the interest earned on the accumulating amounts each year. The
results would be the account balance displayed in an adjoining column. So
far, I have not found a worksheet function for that. Could someone point me
in the right direction? Perhaps there should be several columns of data?
Formula to calculate a daily compound interest based on the higher rate of the two rates for the first 5 years, then after 5 years the calculation would only be based solely on the blocked rate.
View 4 Replies View RelatedI 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
I am looking for a formula which will compute interest earned (not ending account balance) for the following scenario:
1) Set $ amount (say 19250) is deposited on January 1.
2) Annual interest rate is .95%
3) Interest is compounded daily
4) Fixed withdrawals of $1750 are taken each and every month on the first day of each month
What is the total interest earned on the account? Basically, it is a issue where each month diminishes the "pool" of money earning interest. I get what's going on conceptually, but can't figure out which Excel function to use.
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...
I've found this calc but it doesn't compare to my particular scenario/goals: http://dinkytown.net/java/InvestmentDebt.html. The major difference is that this dinkytown calc requires a new loan to be put in place and I am not in a position to refinance my current mortgage. My plan is to pay an extra $267 (b3) to the mtg (b4). It will take 128 months (b6) to pay off the mortgage. After that point, I need to calculate what the newly freed capital (b5) would do if I put in an account (i.e. a CD or a simple US savings account) that had an Annual Percentage Yield (APY) of 1, 2, and 3% for 20, 15, 10 and 5 years. I thought that I had the right formula in place for cells b7:b8 should the account earn a 0% rate of return, but I think it's faulty since it gives me a negative number for 10 and 5 year accumulation periods.
View 2 Replies View RelatedI have a column of 30 cells, each showing retirement dollars earned based on years of service (cell 1 = year 1, etc) and salary. Here is the predicament: A new hire is brought in with 10 years service, stays 5 and then quits. How do I change only cells 10-14 reflecting his/her salary and retirement dollars? Remember, cell 10 is the first year for the compound interest, cell 11 the second year, etc. I currently use the following formula for cell 10 (compounded salary from cell 9 * (1+.05)^1). Cell 11 is (compounded salary from cell 10 * (1.05)^1.
View 5 Replies View RelatedHow can I find the total of interest (or and expense) during a given calendar range
Data is as follows
Date Type Amount
4/1/11 Interest 4.00
4/15/11 charge 22.00
5/1/11 interest 3.00
I want a cell to compute the interest in april only.
I have tried =sumif(range, end date, amount_range)- sumif(range, beg date, amount_range)
but how do I nest the type argument into the argument
Possible approaches advanced filter? and function? add another column that uses an if statement to do interest only and do the sumif statement above I was hoping to have a drop down box that could have interest, COGS, beside it and april, may, june above it
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.
I need J22 to multiply based on years in B22 AND increase 5% for each of those years (compounding) after two years (excludes year 1 from 5% increase). In addition the cell needs to remain blank if D22 is blank. B22 = 1, then the stockprice needs to remain the same, and only increase by 5% after year 1.
Currently...
B22 = a number of years indicated by the formula: =IF(A22="","",DATEDIF(A22,I3,"y"))
J22 =IF(ISNA(VLOOKUP(D22,stockprices,2,FALSE)),"",VLOOKUP(D22,stockprices,2,FALSE))
Example:
If J22 stockprice lookup is $1000.00, and the number of years listed in B22 is 6, then the reported value in J22 needs to be $1494.40.
Windows 7 Ultimate / Excel 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.
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.
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
View 9 Replies View RelatedI 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
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.
I have a logbook which already uses a number of SUMIF formulas but have been trying to create one so that totals the number of hours flown in the above mentioned periods. I am attempting to copy the formula and then modify for the relevant column in this case: =SUM(IF(FlightDates<(TODAY()-90), 0, FlightLength))
FlightDates is the named range of the calender date in column A and FlightLength is the named range for total flying in column Z. However even though this forumla works in another situation e.g. tracking number of landings in the last 90 days, it comes up with an error.
how i would calculate the number of sickness days and occaisions in the previous 26 week period from todays date.
I've attached the spreadsheet.
So in C4 i want to have the total number of times(occasions) the person has been absent in the previous 26 weeks.
and in E4 i want to have the Total number of Days (taken from E7:E20) the person has been sick in the past 26 weeks
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%.
View 5 Replies View RelatedI have a spreadsheet with my students that needs to find the date a person will be 18. based on their date of birth. I have =B27+(365.25*18) where their DOB is in B27. I have had several instances where it is correct and several instances where it is a day off.
View 4 Replies View RelatedI need to calculate a quote over 4 years but the first and last years are not full 12 months.
On Row 20 are monthly costs for each year. The start and end date is in Row 3.
I need to find a formula that can calculate ANNUAL TOTAL for the all these year in Row 22 populated automatically, not just manually times the months in each cell.
Here is a sample file.
I was asked by a colleague how they could put a persons date of birth in one cell, todays date in another, and return their age in years and months. Accuracy to within a month. This is what I gave them.
=TRUNC((B1-A1)/365.25)&" Years "& ROUND(((B1-A1)/365.25-TRUNC((B1-A1)/365.25))*12,0)&" Months"
I need to calculate a pay back period for a certain investment. Excel has options for NPV and IRR but not for the Pay back period. (PBP). I've tried finding a solution using google discussion groups and some books but nothing helped me out. attached you'll find an example of my sheet. I need the PBP to be calculated in e.g. 5,3 years. but when the figures change it should automaticly recalculate the PBP.
View 2 Replies View RelatedI have two columns with dates (and times) in that I am trying to define how many days, hrs and mins have elapsed i.e. A1 has 12/12/06 21:00, B1 has 17/12/06 21:00. C1 has B1-A1 and is custom formatted to show as dd"days" hh"hrs" mm"mins". In this case it will therefore show as 5days 0hrs 0mins. Which is correct.
However, if more than 1month has elapsed then the format m"m" d"days" h"hrs" m"mins" does not work. For example 17/03/06 03:00 to 20/12/06 07:00 shows as 10m 4days 4hrs 00min, which it clearly isn't.
I know the reason it does this is because it calculates the difference between the two times and adds that to it's 0 value, which in my format is 01/01/1900 00:00. therefore when it adds 277days (the answer) it becomes 04/10/1900 04:00, so my formatting is just calling the month value ('10') and the day value ('4').
I understand the reason it does this, 277 days on from 01/01/1900 is indeed Oct 4th, but 277 days on from 17/03/06 is not 10months and 4 days as there are different length months in between. It also seems to add a month on, possibly because the format for 'months' is between 1 & 12 and therefore cannot begin at 0?
Does anyone know if it's possible to force excel to work out the correct number of months and days have elapsed between two dates and not apply it to 01/01/1900? Or any other possible solution, maybe with a different custom format?
Excel formula to calculate period between multiple dates.
Column A has first arrival
Column B has first departure
Column C has second arrival
Column D has second departure
Column E has third arrival
Column F has third departure
Column G has forth arrival
Column H has forth departure
Column I has fifth arrival
I need total period stay from all these columns.
The formula that I currently have in E2, is giving me the number of years served by an employee. Is there another formula that can give me the number of years each employee has served? This is the formula that I have in E2
[Code] .....
Attached File : VACATION DAYS ACCURED.xls