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Tiered Interest Schedule and Loan Amortization Schedule

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    Tiered Interest Schedule and Loan Amortization Schedule

    I am new to the group and I am having difficulty in working with the following Tiered Interest Rate schedule into the attached spreadsheet.

    1.00% $1,000,000.00 to $250,000.00
    1.25% $249,999.99 to $150,000.00
    1.50% $149,999.99 to $50,000.00
    2.00% $49,999.99 - $25,000.00
    2.75% $24,999.99 - $10,000.00
    3.25% $9,999.99 - $0.00

    If have tried IF statements and run into Circular Reference error because I was using the running balance of the loan as the basis for the rate change.

    Any assistance is greatly appreciated.

    Mike
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    Administrator JBeaucaire's Avatar
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    Re: Tiered Interest Schedule and Loan Amortization Schedule

    Changing percentage rates over time is an odd idea, but certainly not a problem. Your sheet design, however, only has ONE field for interest at the top in cell D6.

    All the formulas in column H seem to be utilizing that once cell. This presents some problems if you want to "lookup" a changing interest rate you just need a different layout. I added a column to your table to "lookup" the interest rate for each period.
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    Re: Tiered Interest Schedule and Loan Amortization Schedule (Solved)

    Thanks for the help. This is exactly what I had in mind.

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