Excel spreadsheet, formula help please

Excel spreadsheet, formula help please

Didn't find your answer?

I would like to create an excel spreadsheet where I have the following 3 variables - loan amount, loan term(months) and interest rate. I want the spreadsheet to tell me what the monthly payment will be and the split between capital & interest. Does anyone know is this is possible ?

Replies (3)

Please login or register to join the discussion.

avatar
By ACDWebb
20th Jun 2012 15:41

Try some of the formulae

listed under Financial

For example:

=PMT()

=IPMT()

=PPMT()

Thanks (0)
avatar
By adgj121
20th Jun 2012 17:49

Hi Ned, what version of Excel are you using?

I know in 2010, if you right click on a tab, choose insert, then spreadsheet solutions, there is a loan amortisation template ready for use.

It may be in the 2007 version aswell.

This seesm to fit your criteria

Thanks (0)
Replying to Joe Soap:
avatar
By Ned
21st Jun 2012 08:42

Hi

I'm using 2010 Excel so will try your suggestions - thanks for the advice.

Thanks (0)