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I need a formula for computing an amortization schedule of Interest= Principal x Interest x t (which = 1/12)
Principal = 179,920
Interest = 5.5%
Solved by T. J. in 14 mins
Creating new formula for compounded interest
Solved by B. B. in 27 mins
Change format to a monthly basis rather than a large continuous file
Solved by I. C. in 30 mins
I don't know how to calculate loan interest, please help me with this question: Calculate, in cell D20, the interest amount for period 1 by multiplying the balance in period 0 (cell F19) by the loan interest rate (cell C13) divided by 12. Dividing the interest rate by 12 results in the monthly interest rate. This formula is reusable. The interest for a given period is always the monthly interest rate times the balance from the previous period. [3 points]
Solved by X. W. in 16 mins
hi, I need help with how to calculate interest btw 2 periods with an annual interest rate and semi-annual compounding?
Solved by K. J. in 23 mins