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Loan over month cashflow

  1. #1
    Registered User
    Join Date
    07-21-2010
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    London
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    Excel 2007
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    1

    Loan over month cashflow

    Hi all,

    I've looked around the forum and can't find exactly what I'm looking for so hopefully someone might be able to help. Here's the problem...

    I am putting a cashflow forecast together and part of this is working out how a compound loan could effect cashflow at any given period over the next 5 years. I will be constatnly buying music equipment and so will be taking out several seperate loans throughout the forthcoming years.

    I need two things:

    1) Say I decide to input in my cashflow that I will take out a £1000 loan in January 2011. I've worked out what the monthly fixed payments would be and have a drop down box that allows me to choose if the payback period is 12, 24, 36 or 48 months. (the payments obviously change as I change the payment period)
    SOLUTION NEEDED: I need it to do the following: When I select 12 months it copies the monthly fixed payment into the next 12 months worth of cells. Likewise if I selcted 24 months it then copies it across 24 months worth of cells and so on.
    What do I do to do this?

    2) If I took another loan out in June 2011 (6 months after the first loan) I would still be paying off the previous loan as well as described in 1). So... is it possible that if I added the second loan in June 2011 for a payment period of 24 months (or whatever time period I chose from the drop down box) it includes the second months figure to what is already needed to be paid from the first loan.
    We were looking to not add a new row each time we took another loan as we could be taking out many loans over the forthcoming years.

    Hope I have explained myself.

    Look forward to your thoughts

    Thanks

    Ed
    Last edited by musiclife; 07-21-2010 at 08:58 AM.

  2. #2
    Forum Contributor
    Join Date
    08-11-2009
    Location
    USA
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    Excel 2003
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    149

    Re: Loan over month cashflow

    1) you could use a nested COUNT() inside an IF() statement. suppose your payments appear in column F starting at row 2 (so F2) and it goes down from there... so in cell F2 you might have: IF(COUNT(F$2:F2)<{cell containing number of months},{cell containing monthly payment},0) By using F$2:F2 as your range, when you copy the formula down, then it will keep the top of the range fixed but vary the bottom of the range, so you effectively count the number of payments

    2) I would treat it like a simple line of credit instead of a loan. recalculate the payment month by month based on the current balance using a fixed period and interest rate. I'd use the MIN() function to set a minimum payment to ensure the loan doesn't last indefinitely.

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