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Daily Simple Interest.

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  1. #1
    Registered User
    Join Date
    03-25-2012
    Location
    windham, me
    MS-Off Ver
    Excel 2003
    Posts
    8

    Post Daily Simple Interest.

    Hello. I am needing to build a template to generate a report of daily interest on a loan. I need to be able to set the interest at the start along with a start date and have it calculate each days interest until the current date, what ever the current date maybe. I also need to be able to either may a payment or make another withdrawl on the same loan on any given day.

    Here is a sample of what i am trying to do.

    Loan Amount:
    Annual Interest Rate:
    Daily Interest Date:
    Start Date:
    Current Date:
    Number of days since loan started:

    Columns Needed: I need each day to print along with any additional Withdrawls or payments. There can be many years of interest, report needs to print each day in a full Ammortization Schedule. There is no set payment, it is strickly voluntary but additional withdrawls can be made.

    Date: Beginning Daily Balance: Daily Interest: Additional Withdrawl Payment Made $: Current Balance$:

    day1
    day2
    etc (Day should print date)

    example:
    Date: Beginning Daily Balance: Daily Interest: Additional Withdrawl Payment Made $: Current Balance$:

    3-1-2012 $10,000.00 $20.00 $3000.00 $1000.00 $12020.00
    3-2-2012 $20.00 $1000.00 $11040.00


    Any help would be grately appreciated.
    Thank you
    Wyette
    Last edited by WYETTE; 03-25-2012 at 08:43 PM.

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