2.3 – Last Debt Calculation We calculate the remaining balance fordebt-3in the same way: Step 3 – Calculating the Payment of Each Debt for the Next Months Now we can calculate the payment of each debt for the subsequent months. The formulas are different from those used for the 1st mont...
Read More: How to Create a Credit Card Payoff Spreadsheet in Excel Step 3 – Calculating the Second Debt Payment Next, we will find the credit card payoff for the second debt. Enter this formula in cell E11: =IF(H5+H6>=C5+D5,D5,IF(AND(C11=C5,C11<>0),H5+H6-D5+D6,D6)) ...
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The Results spreadsheet shows the detailed financial liability for each creditor like initial balance, Interest rate, interest paid, total amount paid, last payment date and months to payoff a debt. The Debt Reduction Chart provides the same information in a graphical representation, it makes it ...
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Extra Payment Mortgage Spreadsheet This is one of the original mortgage spreadsheets created prior to most of the mortgage calculators listed above. The idea is to compare making extra payments to a basic interest-bearing savings account or investment....
Start your credit card payoff now Bebe J recently bought and reviewed this monthly credit card spreadsheet—“Just what I needed!”She gave it 5 out of 5 stars. In short —download the tool, enter your credit card stats—and the template will show you how long it will take to pay off...
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When you browse through the free Excel templates at Spreadsheet123, you'll find categories such as budgets, invoices, inventory, schedules, debt payoff, and timesheets. When you select a template, you're taken to a page that includes links for different versions of Excel, specifications that in...