1 min readfrom Microsoft Excel | Help & Support with your Formula, Macro, and VBA problems | A Reddit Community

How to - Loan Repayment Schedule

I would like to build a spreadsheet as a schedule for loan repayment. Say I want a loan of €5000 payable monthly over 5 years (60 payments) at 5% interest. I know how to use PMT() to get the monthly payment (€94.36).

Now, part of that amount will go towards the loan repayment and part towards the interest. Month after month the repayment part will increase and the interest will decrease. I would like to have 60 rows which show the repayment and interest month by month.

I would also want to have the facility to make extra payments during the month, effecticly paying off the loan early.

I am quite handy with Excel but not so much with finance and related functions. In this respect any pointers, I think, will be enough and I'll moce from there.

Thanks

submitted by /u/OccamsRazorSharpner
[link] [comments]

Want to read more?

Check out the full article on the original site

View original article

Tagged with

#Excel alternatives for data analysis
#rows.com
#Excel compatibility
#financial modeling with spreadsheets
#Excel alternatives
#natural language processing for spreadsheets
#modern spreadsheet innovations
#machine learning in spreadsheet applications
#generative AI for data analysis
#enterprise-level spreadsheet solutions
#digital transformation in spreadsheet software
#collaborative spreadsheet tools
#AI-driven spreadsheet solutions
#cloud-based spreadsheet applications
#automation in spreadsheet workflows
#no-code spreadsheet solutions
#AI-powered spreadsheet
#spreadsheet API integration
#Loan Repayment
#Monthly Payment