Forum Discussion
Loan Amortization Template
I am using the Loan Amortization Template and when the payment dates fill in it is in years - 12/1/17, 12/1/18, 12/1/19. I entered 5 years with 52 payments per year and total payments of 260. How ...
We do amortizations for different pay periods, some weekly, most bi-weekly or semi-monthly. I thought the template would calculate dates based on the entries in cells D7, D8 and J6. Do you mean I will have to change the formula every time based on pay periods?
Thanks for help!
Hi Kim
I just modified the formula as you requested, anyhow, you can modify it according to your need.
the number 7 means week "every 7 days", if you need it semi monthly you can add 15,..etc
I hope that helps you