Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1   Report Post  
Posted to microsoft.public.excel.misc
external usenet poster
 
Posts: 1
Default how calculate a loan amount with quarterly compounded interest

I have a private loan amount of 133,392.65 $ at a QUARTERLY COMPOUNDED
interest of 5.1505 % which only has to be paid at the end of 10 years,
starting on January 9th 2002 till jan 8th, 2012, together with the principal,
Can you give me the formula to use on Excel ASAP ?
Thank you .
  #2   Report Post  
Posted to microsoft.public.excel.misc
external usenet poster
 
Posts: 3,440
Default how calculate a loan amount with quarterly compounded interest

=FV(EFFECT(5.105%,4)/4,30,,-133392.65)

=196,575.70

--
Kind regards,

Niek Otten
Microsoft MVP - Excel

"Willy Verhaegen - Belgium" wrote in message
...
|I have a private loan amount of 133,392.65 $ at a QUARTERLY COMPOUNDED
| interest of 5.1505 % which only has to be paid at the end of 10 years,
| starting on January 9th 2002 till jan 8th, 2012, together with the principal,
| Can you give me the formula to use on Excel ASAP ?
| Thank you .


Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate total interest earned on a loan and monthly payment Matt Stanley Excel Worksheet Functions 4 May 4th 23 03:42 AM
calculate compounded daily interest Petro Excel Discussion (Misc queries) 3 January 11th 08 02:46 AM
using excel to calculate loan amount. mercury Excel Worksheet Functions 1 June 26th 06 08:16 PM
how to calculate quarterly compounded interest in ms excel Shreepad Excel Discussion (Misc queries) 1 September 15th 05 04:59 PM
Calculate correct interest on loan when debtor pays late O&D Excel Discussion (Misc queries) 0 May 3rd 05 05:10 PM


All times are GMT +1. The time now is 02:00 PM.

Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 ExcelBanter.
The comments are property of their posters.
 

About Us

"It's about Microsoft Excel"