30-yr Amortization allowing 26 payments per year/780 lines vs 360
 

The current template only goes to 360 payments. That is great for 12
payments per year, but I make 26 payments per year. I tried to copy the
lines down for the additional lines needed, but all the fields fill with
"#VALUE". Also, the dates do not calculate correctly for 14-day payments.

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30-yr Amortization allowing 26 payments per year/780 lines vs 360
 

I know nothing about Excel's amortization template, so I can't help you there.

However, amortization tables are very easy to build on your own, so you might
find it easier to build your own than modify the template. You need four
columns:

D2: Opening Balance
A3: Date
B3: Payment
C3: Interest =d2*IntRate/26
D3: Balance = d2-b2+c2

Copy down until Balance = 0

This will work if interest is compounded bi-weekly. If it's compounded monthly
(which is more likely), you will need to convert your rate to an effective
bi-weekly rate. Post back if you need help on this.

--
Regards,
Fred


"vbpatton" wrote in message
...
The current template only goes to 360 payments. That is great for 12
payments per year, but I make 26 payments per year. I tried to copy the
lines down for the additional lines needed, but all the fields fill with
"#VALUE". Also, the dates do not calculate correctly for 14-day payments.

----------------
This post is a suggestion for Microsoft, and Microsoft responds to the
suggestions with the most votes. To vote for this suggestion, click the "I
Agree" button in the message pane. If you do not see the button, follow this
link to open the suggestion in the Microsoft Web-based Newsreader and then
click "I Agree" in the message pane.

http://www.microsoft.com/office/comm...et.f unctions