Hi,
Been a while since I have had to ask for help on here :D
I have seen some every good templates out there for Loan Calculators (as attached) where you supply Loan amount, Annual interest rate, Loan period in years, Start date of loan then Excel gives you the the monthly payment, but my requirement is different.
I'm trying to create a type of Loan Calculator in excel where I would supply Loan start date, Loan amount, Annual Interest and the regular monthly payment. With this data I want excel to work out the following:
-The number of monthly payments
-Total Interest
-Total cost of load
then a break down of all the payments and interest in the following columns:
Payment Date, Beginning Balance, Payment, Principal, Interest, Ending Balance
Has anyone found a template like this or can point me in the right direction for the formula's I'd be grateful.
Sorry this is Excel 2016.
Thanks in advance
Darren
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