Calculate The Monthly Repayments On A Loan Taken Out Over A Certain Amount Of Years
Feb 21, 2010
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?!
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Jan 8, 2007
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.
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Mar 15, 2007
In a financial environment we have a calculator which uses iteration to allow for a cost being added to loan amount where the cost is based on the total loan amount. Iteration is set to 100 iterations with max change .001
On one PC the first time the calculator is opened it gives a particular (incorrect) result. If the input cells are cleared and the data re-entered, it gives the correct result. This only happens on one particular PC. Is there some other setting , other than the iteration setting, that would cause this?
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May 28, 2009
I am building an investing strategy model and am looking for a fomula or combination of formulae that would subtract an amount (lets say a 100) every so many years (lets say 10). Data is set up horizontaly, i want to be able to set how much will be subtracted and how often in a "control panel" next to other inputs and variables. I am not proficient in Macros and most often have trouble with them so if its possible to solve this without using any that would be great.
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Jan 28, 2009
I need a formula to calculate the amount due based on cumulative sales once a breakpoint amount is reached.
Example:
Breakpoint:
cum sales are > 500 pay at 3%
cum sales are >1,000 pay at 2%
month/ sales/ cumul sales/ amount due
jan/ 100.00/ 100.00/ 0
feb/ 600.00/ 700.00/ 6.00
mar/ 600.00/ 1,300.00/ 18.00
and so on...until the end of year.
I tried using an if formula by could not get it to work.
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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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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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Nov 10, 2013
With the data table given below, how can I formulate the yearly installment based on the tenure. Like below example.
Name
Loan
Yrly Pymnt
No. of Tenures
Y2014
Y2015
[Code] ........
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Jul 31, 2014
I need a series of cells to increase by varying amounts after each month, however this needs to happen automatically so if I send the spreadsheet to someone else, it will update for them automatically. I'm hoping that I can set up a function that will ONLY increase the cells after 4 weeks after they select a date from ANOTHER drop down menu (i.e they select the starting date from cell A1 - then input their starting numbers into other cells which then increase on that same date, 4 weeks later).
The cells that need to increase already have a formula in them as well; as this number is their predicted 1RM based off formulas in other cells.
I will attach a screen shot when able.
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Mar 14, 2012
I 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.
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May 24, 2012
I 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.
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Oct 5, 2006
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"
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Dec 20, 2006
I 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?
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Dec 13, 2012
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
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Jan 5, 2012
I have a large sheet of daily river flows and precipitation amounts, over 40+ years.
I want to calculate the average flows in each month of each year (ie 11/1968, 12/1968, 1/1969 etc). Dates are in Col A, flows in Col D.
How to average a particular month over all years like so:
{=AVERAGE(IF(MONTH(A2:A15282)=1,D2:D15282))}
But I don't know how to average per month of each year, or how to make a formula that will allow me to quickly calculate the averages of 100s of months.
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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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Sep 13, 2009
I am using the following formula to calculate years months and days in Excell 2007
=DATEDIF(C7,D7,"y") & " yrs, " & DATEDIF(C7,D7,"ym") & " mths, " & DATEDIF(C7,D7,"md") & " days"
C7 3/24/04
D7 1/4/08
What is returned is 3 years, 9 months, 136 days
How might if fix it show the correct days?
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May 28, 2014
Per the attached, I am looking to add restrictions to my formula based on YEARS OF SERVICE per the age restrictions each person falls into, those with 0-4 YOS who are under 20 years old etc.
Book10.xlsx‎
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Jun 9, 2014
How to calculate the monthly sales based on the data given ?
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Dec 31, 2009
I have table and need to take out montly total for each worker...
Now...
Each hours in day have own factor. (I need total hours per day but for illustration)...
So when worker works day shift from 8:00 to 16:00 it's easy... 8 hours
When works from 8:00 to 20:00 it's 8 hours + 4 afternoon hours
When works from 20:00 to 8:00 it's 2 afternnoon hours + 8 night hours + 2 day hours
Aditional problem is when day intercept holliday or sunday when that factors need to be included (if holliday is at sunday then it's like holliday).
Here is some attachment:
Book1.xls
I've also added last day of previous month and first day of next month because of night shifts than need to be calulcated. Therefore correct number of hours is 168 and not 188.
Below I calculated manually those numbers wich I want to be automated...
Also.. This is table I get.. If it's easier to make it somehow else, OK by me. And any number of aditional columns is not problem...
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Nov 27, 2013
I am trying co Calculate number of nights between to dates for example 10/26/2012 -- 11/25/2013 in a period that can be greater than the month Period. for example. some One checked in on October 24, 2013 and they will checkout on december 17, 2013. in the monthly Period of 10/26/2012 -- 11/25/2013, I am trying to calculate, the monthly nights of that period itself, and the number of days he was checked in on that period.
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Feb 19, 2012
I am wanting to calculate a rolling monthly average and a rolling weekly average.
The following cells have the headers k2 has Allan, Cell L2 has Bill, Cell M2 has Charlie, Cell N2 has Don, cell o2 has Ellen and Cell P2 has Flora
Column J3 to J14 respectivley has Jan to Dec
The balance of the cells will have the data.
I then need to plot the rolling averages for each person on a gaph as teh months data is filled.
Below is the table:
Monthly Totals 2012AllanBillCharlieDonEllenFloraJan0.0000.0000.0000.0000.0000.000
Feb0.0000.0000.0000.0000.0000.000Mar0.0000.0000.0000.0000.0000.000
Apr0.0000.0000.0000.0000.0000.000May0.0000.0000.0000.0000.0000.000
Jun0.0000.0000.0000.0000.0000.000Jul0.0000.0000.0000.0000.0000.000
Aug0.0000.0000.0000.0000.0000.000Sep0.0000.0000.0000.0000.0000.000
Oct0.0000.0000.0000.0000.0000.000Nov0.0000.0000.0000.0000.0000.000Dec0.0000.0000.0000.0000.0000.000
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Jan 26, 2014
I am trying to keep a running total of cost, here is what I am doing
A B C D E F G H I
Date Books Pencils tax Month Books Pencils Tax Total
1/2/2014 11.50 2.50 .76 January 35.85 13.50 3.44 52.79
1/5/2014 14.50 3.85 .83 February 10.95 1.50 .68 13.13
1/6/2014 9.85 7.15 1.85
2/6/2014 10.95 1.50 .68
I only used Jan and Feb as an example. So as you see on the right side I will have all 12 months for the year and I just want all the totals for each month to auto calculate. I will have between 15 and 30 entries each month.
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Jan 25, 2010
I am working on a depreciation schedule in which I want the monthly depreciation of an asset to automatically calculate and, if the asset is fully depreciation, caclulate a zero or the balance to be depreciation (if less than the monthly depreciation). Please see below example. As you can see my asset is fully depreciated at the end of February but because there remains a $0.01, the formula is calculating another month in March and then reversing it in April (less the $0.01). Here's the formula I'm using. What am I doing wrong?
Column H is March, Column C is my monthly depreciation, and column E is my beginning book value:
=-IF(ABS(SUM($F2:H2))>=$E2,(SUM($F2:H2)+$E2),IF($E2=$C2,$C2,$E2)))
Purchase
PriceMonthly DepreciationAccumulated Depreciation 12/31/20091/1/2010 Beginning Book ValueJan-10Feb-10Mar-10Apr-10May-10
LCD PROJECTOR 797.12 13.29 (770.54) 26.58 (13.29) (13.29) (13.29) 13.28 -
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Jan 30, 2013
I'm looking for a function that calculates a fee deduction based on the 28th of each month.
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A
B
C
D
1
£1,300.00
=TODAY ()
2
-£200.00
28/02/13
FUNCTION
How to do it but basically I'm trying to put a formula in D2 as follows:
If Today's date (C1) equals C2 I need B1 to reduce by the amount in B2
How to continue it calculating reductions per month by duplicating the formula...
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Jan 3, 2007
I feel pretty dumb asking a basic math question but I couldn't find the answer anywhere. I would like to calculate the monthly & annual returns of a security or index. When trying to calculate various indexes to insure my math was correct, my numbers never match that of yahoo or bloomberg's. If you could just start me down the path,
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May 11, 2008
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Mar 26, 2014
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Assuming that B1=0 and C1=1 (in the # of days row)
# of Days 0123456789101112131415Total Files
File Count011712113203000000049
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Jun 17, 2009
The example:
Coloumn A contains dates format of 12/02/2009, but another format such as 10-Apr-09 etc could be used.
Coloumn B contains the amounts of payments received, i.e £5.00, £10.00, £20.00
Now what I require is to be display in another coloumn (say Coloumn C) the number of payments that were received last week and last month and then the total value of the payments.
So the sort of result I'm looking for would be like
Assume todays date is 19-04-09
A B C
12-04-09 £5.00 Last Week 4 Payments Value £45.00
12-04-09 £10.00
13-04-09 £10.00
14-04-09 £20.00
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Jun 21, 2013
I have been looking all over and cannot find an answer on how to do this. I work for a call center that takes inbound technical support calls. We recently added a chat support option for our end users. Our chat agents can take up to 3 chats at the same time. I need to determine the total amount of concurrent chats for each agent per day as well as the total amount of concurrent time for each agent per day. Below is a sample of my data. Notice how the start time on row 5 is earlier than the end time on row 4. I need excel to count this as a concurrent chat and then calculate the amount of time that was concurrent (in this example it would be 16 minutes). Currently I have 2000 rows of data and 30 different agents.
Start_Time
End_Time
Agent Name (Num)
6/3/13 12:13
6/3/13 12:24
14
[Code] .........
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