+ Reply to Thread
Results 1 to 4 of 4

Loan formula to calculate principal and interest for particular month?

  1. #1
    Registered User
    Join Date
    06-26-2009
    Location
    Slovakia
    MS-Off Ver
    Excel 365
    Posts
    29

    Loan formula to calculate principal and interest for particular month?

    Hello, I would like to ask for an advice regarding loan function: I have a loan 3.950 EUR with 10% annual interest rate, loan period is 7 years with 12 payments per year. My question:
    - How to write formula that would show the interest in 15th payment?
    - How to write formula that would show the principal in 15th payment? Or any xth payment...

    I know, there is a template Loan Amortization Schedule in Excel, but I would like to have the calculation in one cell instead of linking it to the template, as I would need to do many templates for many customers.

    Thank you

    Marian

  2. #2
    Valued Forum Contributor
    Join Date
    02-09-2006
    Location
    Melbourne, Australia
    MS-Off Ver
    Office 2016
    Posts
    1,077

    Re: Loan formula to calculate principal and interest for particular month?

    Search Excel help for "PMT function" which could be helpful.
    Trish in Oz
    -------------
    A problem well defined is a puzzle half solved


    If you attach a sample of your workbook it will be easier to find a solution. Remember to remove/replace sensitive data before uploading the file. Look here if you need help with attachments:
    http://www.excelforum.com/faq.php?fa...b3_attachments

  3. #3
    Valued Forum Contributor quekbc's Avatar
    Join Date
    01-18-2010
    Location
    Sydney, Australia
    MS-Off Ver
    2010, 2013, 2016
    Posts
    1,149

    Re: Loan formula to calculate principal and interest for particular month?

    The formula you are looking for are

    Principal component: =PPMT(10%/12 ; 15 ; 7*12 ; 3950 ; 0)
    Interest component : =IPMT(10%/12 ; 15 ; 7*12 ; 3950 ; 0)

  4. #4
    Registered User
    Join Date
    06-26-2009
    Location
    Slovakia
    MS-Off Ver
    Excel 365
    Posts
    29

    Re: Loan formula to calculate principal and interest for particular month?

    Thank you, that is exactly what I was looking for! :-)

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 3
    Last Post: 02-16-2015, 01:38 PM
  2. Calculate a loan with interest
    By jinch in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 08-14-2014, 07:14 AM
  3. [SOLVED] Formula to calculate average interest rate on loan payments
    By babbeleme1 in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 06-20-2013, 11:58 PM
  4. Special Formula to calculate Loan interest rate?
    By merchy41 in forum Excel Formulas & Functions
    Replies: 1
    Last Post: 09-28-2012, 07:41 PM
  5. Calculate IRR for Principal & Interest payments
    By charles f in forum Excel General
    Replies: 1
    Last Post: 05-20-2012, 12:48 AM
  6. [SOLVED] Formula which splits principal & interest pmts on P&I Loan
    By Dealmakerjc in forum Excel Formulas & Functions
    Replies: 1
    Last Post: 11-07-2005, 11:40 AM
  7. [SOLVED] How to calculate total interest on 12 month loan with early payments
    By KG in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 01-08-2005, 04:06 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1