IC-Loan-Amortization-Calculator-Schedule-Smartsheet-Template.jpg?itok=SxJld3BI' alt='Amortization Rate For Computer Software' title='Amortization Rate For Computer Software' />Ways to Create a Mortgage Calculator With Microsoft Excel.Create your Payment Schedule template to the right of your Mortgage Calculator template.Since the Payment Schedule uses the Mortgage Calculator to give you an accurate evaluation of how much youll owepay off per month, these should go in the same document.Youll need a separate column for each of the following categories.Date The date the payment in question is made.Discussion in Tax started by removepsgroupsyahoo.Feb 12, 2009. Through this post I discuss about capitalization and amortization of software cost.This discussion assumes that the reader has some familiarity with computers.User-Completed-Image-Prepare-Amortization-Schedule-in-Excel-2015.06.19-14.57.04.0.jpg/670px-User-Completed-Image-Prepare-Amortization-Schedule-in-Excel-2015.06.19-14.57.04.0.jpg' alt='Amortization Rate For Computer Software' title='Amortization Rate For Computer Software' />Payment number The payment number out of your total number of payments e.Payment The total amount paid.Interest The amount of the total paid that is interest.Principal The amount of the total paid that is not interest e.Extra Payment The dollar amount of any extra payments you make.Loan The amount of your loan that remains after a payment.Add the original loan amount to the payment schedule.This will go in the first empty cell at the top of the Loan column.Set up the first three cells in your Date and Payment Number columns.In the date column, youll input the date on which you take out the loan, as well as first two dates upon which you plan to make the monthly payment e.For the Payment column, enter the first three payment numbers e.Use the Fill function to automatically enter the rest of your Payment and Date values.To do so, youll need to perform the following steps.Select the first entry in your Payment Number column.Drag your cursor down until youve highlighted to the number that applies to the number of payments youll make for example, 3.Since youre starting at 0, youd drag down to the 3.Click Fill in the top right corner of the Excel page.Select Series. Make sure Linear is checked under the Type section when you do your Date column, Date should be checked.Click OK. 5. Select the first empty cell in the Payment column.Enter the Payment per Period formula.The formula for calculating your Payment per Period value relies on the following information in the following format Payment per Period.You must preface this formula with the IF tag to complete the calculations.Your Annual Interest Rate, Number of Payments per Year, and Payment per Period values will need to be written like so letternumber.Financial planning software, personal finance software, and investment software for consumers, investors, financial advisers and investment managers.For example B6. Given the screenshots here, the formula would look like this IFB1.Compendium of all course descriptions for courses available at Reynolds Community College.K8K8B6B8,B1. K8K8B6B8 sans the quotation marks.Press Enter. This will apply the Payment per Period formula to your selected cell.In order to apply this formula to all subsequent cells in this column, youll need to use the Fill feature you used earlier.Select the first empty cell in the Interest column.Enter the formula for calculating your Interest value.The formula for calculating your Interest value relies on the following information in the following format Total Loannnual Interest RateNumber of Payments per Year.This formula must be prefaced with a sign in order to work.In the screenshots provided, the formula would look like this K8B6B8 without quotation marks.Press Enter. This will apply the Interest formula to your selected cell.In order to apply this formula to all subsequent cells in this column, youll need to use the Fill feature you used earlier.Select the first empty cell in the Principal column. Free Antivirus Film Download For Pc Quick Heal Total Security . Enter the Principal formula.For this formula, all you need to do is subtract the Interest value from the Payment value.For example, if your Interest cell is H8 and your Payment cell is G8, youd enter G8 H8 without the quotations.Press Enter. This will apply the Principal formula to your selected cell.In order to apply this formula to all subsequent cells in this column, youll need to use the Fill feature you used earlier.Select the first empty cell in the Loan column.This should be directly below the initial loan amount you took out e.Enter the Loan formula.Calculating the Loan value entails the following Loan Principal Extra.For the screenshots provided, youd type K8 I8 J8 without the quotations.Press Enter. This will apply the Loan formula to your selected cell.In order to apply this formula to all subsequent cells in this column, youll need to use the Fill feature you used earlier.Use the Fill function to complete your formula columns.Your payment should be the same all the way down.The interest and loan amount should decrease, while the values for the principal increase.Sum the payment schedule.At the bottom of the table, sum the payments, interest, and principal.Cross reference these values with your mortgage calculator.If they match, youve done the formulas correctly.Your principal should match up exactly with the original loan amount.Your payments should match the total cost of the loan from the mortgage calculator.Your interest should match the interest cost from the mortgage calculator.
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