Use of Excel Financial Formula

%3CLINGO-SUB%20id%3D%22lingo-sub-1594262%22%20slang%3D%22en-US%22%3EUse%20of%20Excel%20Financial%20Formula%3C%2FLINGO-SUB%3E%3CLINGO-BODY%20id%3D%22lingo-body-1594262%22%20slang%3D%22en-US%22%3E%3CP%3EWhat%20Formula%20should%20I%20use%26nbsp%3B%20to%20obtain%26nbsp%3Bpayments%20on%20a%20loan%3A%3C%2FP%3E%3CP%3ELoan%20value%20%241000%3C%2FP%3E%3CP%3EMonthly%20Payments%20%3A%20Loan%20repayment%20and%20interest%3C%2FP%3E%3CP%3EMaturity%20%3A%205-years%3C%2FP%3E%3CP%3EInterest%20rate%20%3A5%25%3C%2FP%3E%3C%2FLINGO-BODY%3E%3CLINGO-LABS%20id%3D%22lingo-labs-1594262%22%20slang%3D%22en-US%22%3E%3CLINGO-LABEL%3EExcel%3C%2FLINGO-LABEL%3E%3C%2FLINGO-LABS%3E%3CLINGO-SUB%20id%3D%22lingo-sub-1594403%22%20slang%3D%22en-US%22%3ERe%3A%20Use%20of%20Excel%20Financial%20Formula%3C%2FLINGO-SUB%3E%3CLINGO-BODY%20id%3D%22lingo-body-1594403%22%20slang%3D%22en-US%22%3E%3CP%3E%3CA%20href%3D%22https%3A%2F%2Ftechcommunity.microsoft.com%2Ft5%2Fuser%2Fviewprofilepage%2Fuser-id%2F762366%22%20target%3D%22_blank%22%3E%40M_K_Rahim%3C%2FA%3E%26nbsp%3B%3C%2FP%3E%3CP%3E%26nbsp%3B%3C%2FP%3E%3CP%3EYou%20use%20IPMT%20and%20PPMT%20for%20Interest%20and%20Principle%2C%20respectively.%20As%20shown%20on%20the%20attached%20Loan%20Amortization%20worksheet.%3C%2FP%3E%3CP%3E%26nbsp%3B%3C%2FP%3E%3C%2FLINGO-BODY%3E%3CLINGO-SUB%20id%3D%22lingo-sub-1594405%22%20slang%3D%22en-US%22%3ERe%3A%20Use%20of%20Excel%20Financial%20Formula%3C%2FLINGO-SUB%3E%3CLINGO-BODY%20id%3D%22lingo-body-1594405%22%20slang%3D%22en-US%22%3EHello%2C%3CBR%20%2F%3E%3CBR%20%2F%3EKindly%20visit%20the%20link%20below%20to%20guide%20%3CBR%20%2F%3E%3CBR%20%2F%3E%3CA%20href%3D%22https%3A%2F%2Fexceljet.net%2Fformula%2Fcalculate-payment-periods-for-loan%22%20target%3D%22_blank%22%20rel%3D%22nofollow%20noopener%20noreferrer%20noopener%20noreferrer%22%3Ehttps%3A%2F%2Fexceljet.net%2Fformula%2Fcalculate-payment-periods-for-loan%3C%2FA%3E%3C%2FLINGO-BODY%3E
Highlighted
Occasional Visitor

What Formula should I use  to obtain payments on a loan:

Loan value $1000

Monthly Payments : Loan repayment and interest

Maturity : 5-years

Interest rate :5%

2 Replies
Highlighted

@M_K_Rahim 

 

You use IPMT and PPMT for Interest and Principle, respectively. As shown on the attached Loan Amortization worksheet.

 

Highlighted
Hello,

Kindly visit the link below to guide

https://exceljet.net/formula/calculate-payment-periods-for-loan