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create a formula in B11 that multiplies the total number of payments for the loan and create an IF statement
Solved by T. S. in 16 mins
The realtor commission and estimated closing costs are based on the selling price and the respective rates The estimated property taxes are prorated based on the annual property taxes and percentage of year. For example, a house that sells six months into the year, the seller would pay 50% of the property taxes. Existing Mortgage Payoff is the amount still owed on the loan.
Solved by F. J. in 14 mins
So here is my issue. I'm using excel to calculate out the debt service that I need to support a hypothetical development, and the sumif function doesn't seem to want to work given the formulas I've setup. So the debt service is a basic amortization table debt service table over 25 years. But for the development I only need to be worried about the debt service on the loan through the period that I'm doing the development. In this case 8 months of the 25 year time frame. To get the schedule I setup a schedule that returns period dates based on the month and year. I think referenced that date using the following function: =INDEX('Project Schedule'!$1:$1,MATCH(G4,'Project Schedule'!$2:$2))+1 This references the months in Row 2, and returns the Period Value in Row 1. In this case returning the value of 14. but when I use a basic SumIf function to sum the total cost of the payments into the loan, it returns a "zero" value. Here is my sumif function SUMIF(A10:A410,"<=F4",G10:G410) Now if I just replace F4 with the value 14 it works and calculates correctly, but if I reference the cell F4 it returns a zero value. My only thought is that the Index function screws this up, and doesn't actually return a number value. Your thoughts?
Solved by K. H. in 22 mins
In cell J5, insert a function (PMT) to calculate the first client’s monthly payment. Remember to convert the annual percentage rate into an appropriate periodic rate. Think about how the nper (number of payments over the life of the loan) is calculated. Change the sign of the result, inserting a minus sign before the function's name, in order to have the result display as a positive number instead of a negative number. As this function will be copied to other cells, determine whether each cell reference should be absolute value of negative number.
Solved by X. B. in 15 mins
On the Loan Valuation sheet, referring to columns titled "Beginning Balance, Interest Charge, Scheduled Payment, Ending Balance, and Total Cash Flow," I need all the cells in rows below where there is a number other than $0.00 in the columns titled "Random Default and Random Prepayment" to be $0.00.
Solved by B. F. in 22 mins
Why is my interest result inaccurate? In loan repayment tab, the monthly loan repayment in lower left box, for payment #1, the interest result is inaccurate. I cannot find where I went wrong...
Solved by C. E. in 16 mins
I want to creat a spread sheet to see when my car loan will be paid off. I'm currently paying on it every 2 weeks when I get paid and the loan is for 5 years. Is there a freee file to calculate this
Solved by C. C. in 19 mins
Hi i'm just comply a term loan Amortisation spread sheet.. but i'm stuck on how to do a formulate a 1+35 funding profile you advice will be greatly recieved
Solved by E. U. in 12 mins
Hi i work a finance company, i have attached a spreadsheet which shows loan amortisation over a period ie over 36 months. i'm stuck on how to do a formulate a 1+35 funding profile meaning that a 1 month rental is paid then followed by 35 months of the same payment you advice will be greatly received
Solved by X. H. in 29 mins
Hi, I'm trying to create a spead sheet to show lease payment owed. i have used the loan amortising schedule which is on the MS excel. I am having trouble with the formula to calculate 1+24 profile
Solved by A. L. in 23 mins