"No installation, no macros - just a simple spreadsheet" - byJon Wittwer Description This loan calculator uses the PMT, PV, RATE, and NPER formulas to calculate the Payment, Loan Amount, Annual Interest, or Term Length for a fixed-rate loan. Useful for both auto and mortgage loans. See ...
Problem: XYZ Corporation has issued a 10-year loan of $50,000,000 from ABC Bank at an annual interest rate of 5%. Find out the total amount of simple interest that needs to be paid back to ABC Bank after 10 years. Solution: The principal amount is $50,000,000 The Interest rate per...
While the process of creating a budget may seem straightforward, it can be time-consuming to create a budget from scratch. That’s where a budget template can come in handy. A budget template is a pre-designed spreadsheet or document that can help you organize your finances and create a sp...
"No installation, no macros - just a simple spreadsheet" - by Jon Wittwer Description Use this basic amortization spreadsheet to see how to create an amortization and payment chart in Excel. This file is intended for educational purposes only. My loan amortization schedule and mortgage calculator ...
I could tell you that I was never good with money and found spreadsheets boring too, but the reality is that I love a good spreadsheet template. Especially if it has pretty colors in it. Yes, because, believe it or not,creating a budget template can be fun! And whether you like going...
Once you hit your goal, reward yourself.Here is a great place to startif you need some motivation while you are paying off your loan. The time it will take you to become debt-free depends entirely on how much money you can pay toward your debts. The more you pay, the sooner you wil...
In fact, one study found that among people between the ages of 18 and 27, credit card and other loan debt was directly correlated with ahigher level of self-esteemand a feeling of more control over one’s life. However, this feeling fades with age, likely as people start realizing how ...
After drafting your budget spreadsheet, you’ll have an idea of how much money you’ll have at the end of each month. Now is a good time to consider alternative student repayment options, as this can end up saving you money in the long or short term. ...
Track your spending for at least a month:You can use a budgeting app or spreadsheet to help you do this, but a small, pocket-size notebook could also work. Record what you spend, even small amounts; many people are surprised to see where all their money goes. ...
Simple Interest=P×i×nwhere:P=Principali=Interest raten=Term of the loanSimple Interest=P×i×nwhere:P=Principali=Interest raten=Term of the loan The total amount of interest payable by the borrower is calculated as $10,000 x 0.05 x 3 = $1,500 if simple interest is charged at 5%...