ExcelBanter

ExcelBanter (https://www.excelbanter.com/)
-   Excel Discussion (Misc queries) (https://www.excelbanter.com/excel-discussion-misc-queries/)
-   -   I Am Looking For A Specific Template (https://www.excelbanter.com/excel-discussion-misc-queries/77270-i-am-looking-specific-template.html)

geno1

I Am Looking For A Specific Template
 
Hello All

I need a template that amortizes loans figuring interest the same way credit
card companies do. For example, credit card companies use the "Average Daily
Balance" ((APR/12/360 )*Average Daily Balance) method to determine your
finance charges each month. I noticed that there are several calculators
that use simple interest but I am always off by a several dollars when I try
to figure how much I need to pay each month to pay off the balances.

Thanks For Your Help
Geno1


All times are GMT +1. The time now is 09:26 PM.

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
ExcelBanter.com