I need a table that will figure interest on a monthly basis (daily would be fine but it doesn't have to be) for a loan. can anyone help with that?
Cheers
Tom
I need a table that will figure interest on a monthly basis (daily would be fine but it doesn't have to be) for a loan. can anyone help with that?
Cheers
Tom
Hi TomRet,
Please show us a sample of how you have your Workbook/Sheet set-up, how you would the outcome to look like, and maybe we could take it from there.
Regards.
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hmmm...not entirely sure. I have something set up but I am not sure it will work properly. I have looked into some of the amortization tables but frankly they confuse me.
Attached is one that I started but it was more of a revolving credit type thing and I am not sure it would work the way I think it will. What I am looking for is something that has the loan amount, the interest rate (APR) and a payment schedule that breaks down principle vs. interest. Make sense? If not I'll try to mock up something.
Thanks
Tom
I found a template on office.microsoft.com that I think will work for me. Thanks to all who took a look at this.
Tom
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