Home |
Search |
Today's Posts |
#1
Posted to microsoft.public.excel.worksheet.functions
|
|||
|
|||
CUMPRINC workaround for Excel users without feature installed?
Our company has developed an investment calculator in Excel that we want to
distribute to our dealerships and their customers. We built the calculator using the CUMPRINC in some cells. The basic install of Excel (at least Excel 2000) does not include the CUMPRINC function. The Analysis Tool Pak add-in would have to be installed by our users. Our dealerships and customers are not very computer literate and I would like to know someway that I can arrive at the value computed using the CUMPRINC without using the CUMPRINC function. For example, I would like to know the remaining principal balance at the end of year 3 on a 5 year loan for a piece of equipment with an original cost $36,000, 10% annual interest rate, four payments per year. Any ideas about what type of formula can be used in a cell that will give all Excel users the correct output. (The error message on computers without the CUMPRINC add-in is #NAME? |
#2
Posted to microsoft.public.excel.worksheet.functions
|
|||
|
|||
CUMPRINC workaround for Excel users without feature installed?
FV will give you the remaining portion of a loan, as in:
=fv(10%/4,3*4,-pmt,36000) If you don't want to store the payment separately, the composite formula would be: =fv(10%/4,3*4,pmt(10%/4,5*4,36000),36000) -- Regards, Fred "Keith" wrote in message ... Our company has developed an investment calculator in Excel that we want to distribute to our dealerships and their customers. We built the calculator using the CUMPRINC in some cells. The basic install of Excel (at least Excel 2000) does not include the CUMPRINC function. The Analysis Tool Pak add-in would have to be installed by our users. Our dealerships and customers are not very computer literate and I would like to know someway that I can arrive at the value computed using the CUMPRINC without using the CUMPRINC function. For example, I would like to know the remaining principal balance at the end of year 3 on a 5 year loan for a piece of equipment with an original cost $36,000, 10% annual interest rate, four payments per year. Any ideas about what type of formula can be used in a cell that will give all Excel users the correct output. (The error message on computers without the CUMPRINC add-in is #NAME? |
#3
Posted to microsoft.public.excel.worksheet.functions
|
|||
|
|||
CUMPRINC workaround for Excel users without feature installed?
Fred - Thanks so much.
"Fred Smith" wrote: FV will give you the remaining portion of a loan, as in: =fv(10%/4,3*4,-pmt,36000) If you don't want to store the payment separately, the composite formula would be: =fv(10%/4,3*4,pmt(10%/4,5*4,36000),36000) -- Regards, Fred "Keith" wrote in message ... Our company has developed an investment calculator in Excel that we want to distribute to our dealerships and their customers. We built the calculator using the CUMPRINC in some cells. The basic install of Excel (at least Excel 2000) does not include the CUMPRINC function. The Analysis Tool Pak add-in would have to be installed by our users. Our dealerships and customers are not very computer literate and I would like to know someway that I can arrive at the value computed using the CUMPRINC without using the CUMPRINC function. For example, I would like to know the remaining principal balance at the end of year 3 on a 5 year loan for a piece of equipment with an original cost $36,000, 10% annual interest rate, four payments per year. Any ideas about what type of formula can be used in a cell that will give all Excel users the correct output. (The error message on computers without the CUMPRINC add-in is #NAME? |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Can't get CUMPRINC to work. Have Installed Analysis Toolpak | Excel Worksheet Functions | |||
Why are german users getting an error with Mround? ATP installed. | Excel Worksheet Functions | |||
Protect Workbook vs Worksheet?? | Excel Worksheet Functions | |||
Protecting Workbook | Excel Discussion (Misc queries) |