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interest on loan a/c compounding yearly, but i want it for 3,7.. months

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GANESH SRINATH interest on loan a/c... 01-24-2014, 02:30 PM
Pauleyb Re: interest on loan a/c... 01-29-2014, 12:45 PM
GANESH SRINATH Re: interest on loan a/c... 01-29-2014, 02:41 PM
Pauleyb Re: interest on loan a/c... 01-29-2014, 04:03 PM
GANESH SRINATH Re: interest on loan a/c... 01-30-2014, 07:12 AM
Pauleyb Re: interest on loan a/c... 01-30-2014, 10:26 AM
  1. #1
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    Excel 2007
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    interest on loan a/c compounding yearly, but i want it for 3,7.. months

    I have created excel sheet as below


    Interest Compounding Yearly


    Principal 50000.00

    Interest Rate 7.25% Per annum

    Term 3 Months




    Month Opening Balance Interest Charged Repayment Closing Balance
    1 50000.00 0.00 16868.46 33131.54
    2 33131.54 0.00 16868.46 16263.08
    3 16263.08


    here i want the total interest charged for three months in 3rd mnth interest charged column, if i select 7 mnths term total interest charged for 7 months should come in 7th month interest charged colum, if it is 13 months total interest for 12 months in 12th month interest column and remaining 1 month interest in 13th month interest charged column

    kindly help
    Last edited by GANESH SRINATH; 01-26-2014 at 08:49 AM.

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