“My Excelchat expert helped me in less than 20 minutes, saving me what would have been 5 hours of work!”

I am trying to find the interest rate that has been applied to this loan with a compound interest calculator excel. The loan is on a 365 basis. I keep getting an error using the RATE formula which I suspect I am not using properly -- it does not seem to be the correct formula, perhaps, for compound interest.

Solved by F. F. in 11 mins

FINANCIAL FORMULA FAMILIARITY HELPFUL I am trying to find the interest rate that has been applied to a loan. The loan is on a 365 basis. I keep getting an error using the RATE formula excel which I suspect I am not using properly -- it does not seem to be the correct formula, perhaps, for compound interest.

Solved by V. C. in 30 mins

Trying to figure out equation dor IRR for each of three years with each year having different interest rate. See screen shot.

Solved by Z. F. in 30 mins

How do I figure out the loan amount if I have the following information
Monthly payment = 34,722.22
interest rate on loan equals 4.5%
30 year loan or 360 payments
???
I can back into the answer w/ a financial calculator but how do I do it in excel?

Solved by G. L. in 17 mins

I'm working on an assignment, been on this for 4 hours and just can't get the concept.
In cell F4, enter a Lookup function to display the interest rate of the loan. The function should reference the borrower’s credit rating and the table array inrange A15:C18. Include the range_lookup argument to ensure an exact match.

Solved by T. H. in 11 mins

Insert a monthly payment formula in cell G5 to calculate the first student's monthly payment including cell B22 which is the interest rate, using appropriate relative and absolute cell references. Also please verify if the formula in C5 through C11 is correct

Solved by O. U. in 11 mins

I have to include interest rate for monthlys payments in a formula

Solved by V. F. in 14 mins

A friend of yours can invest in a project. The cost is $14,000. Annual cash flows are estimated to be $5,000 per year for six years, but could vary between $2,500 and $7,000. Your friend estimates that the cost of capital (interest rate) is 11%, but it could be as low as 9.5% and as high as 12%. The basis of the decision to invest will be whether the project has a positive net present value. Construct a tornado diagram for this problem. Based on the tornado diagram, advise your friend regarding whether to invest or not

Solved by D. H. in 27 mins

Set up the necessary formula(s) for calculating the interest rate surcharge for each applicant given below. The rules for calculating the surcharge are as follows:
a. There is no (zero) surcharge if the applicant's credit score is 720 or greater.
b. The surcharge is 0.125 if the credit score is less than 720 and the loan amount is less than or equal to 25% of the annual income.
c. The surcharge is 0.150 if the credit score is less than 720 and the loan amount is greater than 25% of the annual income.

Solved by V. U. in 17 mins

Hello! I have a series of questions I need help with:
In cell C10, enter a database function to display the date of the apartment that had the oldest remodel date based on the filtered data. Format the result with Short Date format.
In the Loan sheet, insert formulas in the range E2:E4 to calculate the loan amount, the number of payment periods, and the monthly interest rate, respectively. Use cell references in all formulas.
In cell E5, enter a financial function to calculate the monthly payment. In cell E6, insert a financial function to calculate the cumulative excel total interest paid throughout the loan. Make sure the results display as positive numbers.
In cell C11, enter a formula to reference the date stored in cell B7. Insert a nested function in cell C12 to calculate the date for the next payment. Nest the YEAR, MONTH, and DAY functions within the DATE function. Add 1 to the month result. Copy the function to the range C13:C34.
In cell D11, enter a formula to reference the value stored in cell E2. Insert a formula in cell D12 that references the ending balance for the previous payment row (G11). Copy the formula in D12 to the range D13:D34.
In cell E11, enter a financial function to calculate the interest paid. Copy the formula to the range E12:E34. The result should be a positive value.
In cell F11, enter a financial function to calculate the principal payment. Copy the function to the range F12:F34. The result should be a positive value.
In cell G11, enter a formula to calculate the ending balance. Copy the formula to the range G12:G34. Adjust the width of column G, if needed, to display the values. Select the range D11:G34 and apply Accounting Number Format.

Solved by E. C. in 15 mins