Aug 05 2020 05:40 AM
Is there any way to find the foreclosure value of a loan on a given period from a loan repayment table (amt varies through months) through IRR method in a single formula or a combination of formulas ( e.g.: PMT() function but this formula gives only on an equal repayment monthly. If the repayment differs, is there any other way?)
Inputs will be Principle amount, Rate %(irr),EM
Aug 05 2020 07:28 AM
SolutionYou can find the PV of the paid loan installment
then see how much is left from the loan and send it to the month needed.
this would be the amount needed.
see the file
Aug 05 2020 09:16 PM
Sir, Thank you the quick feedback
I am attaching an excel file . Will it be possible to find the high lighted answer through single formula or group of combination of formulas
Thanks :)
Aug 06 2020 12:43 AM
The answer in month 6 shouldn't always be 2350 .
It depends on the payments before
anyways the NPV at 0 or FV at month 12 should be 0
Aug 06 2020 01:37 AM
Thanks for the quick reply
My question was also the same
If the Monthly repayment is irregular (i.e 1st Month 500, 2nd Month, 475, 3rd Month 300....) what will be the F.A for the 7th Months
From the table , since the repayment is constant (i.e 428/-) the F.A was arrived to 2531 for the 7th month.
How would we calculate with a formula or series of formulas to arrive in a single cell , if the repayment is not constant.
Regards
Thanks
Aug 06 2020 02:21 AM
Aug 05 2020 07:28 AM
SolutionYou can find the PV of the paid loan installment
then see how much is left from the loan and send it to the month needed.
this would be the amount needed.
see the file