Compound interest since specific date

Trotzali

New Member
Joined
Jul 3, 2016
Messages
17
I would like to figure out the total payout figure for a loan.
I have the initial amount in column b
Date of loan in column c
Interest rate in column d

I need the total amount of the loan today with compounding interest without having made any payments.

For instance:

$10k loan from 6th July 2013
No payments made
10% interest - compounding.
What do I owe today?

I would also like to be able to change whether the interest was calculated daily, weekly, monthly etc

Thank you!
 
Last edited:

Excel Facts

Back into an answer in Excel
Use Data, What-If Analysis, Goal Seek to find the correct input cell value to reach a desired result
Perhaps something like this:-
LoanInt Rate Starting DateToday Date
1000010%06/07/201301/01/2018
No of daysNo of weeksNo of MthsNo of years
=D2-C2=(D2-C2)/7=(D2-C2)/365*12=(D2-C2)/365
1640234.285714353.917808224.493150685
Daily rateweek rateMth RateYearly Rate
=B2/365=B2/52=B2/1210%
0.0002739730.0019230770.0083333330.1
Amount Owing DayRateAmount Owing WkRateAmount Owing MthRateAmount Owing YrRate
=A2*(1+A11)^A6=A2*(1+B11)^B6=A2*(1+C11)^C6=A2*(1.1)^D6
15671.4192415684.9535115643.2318215345.58933
<colgroup><col width="170" style="width: 128pt; mso-width-source: userset; mso-width-alt: 6058;"> <col width="175" style="width: 131pt; mso-width-source: userset; mso-width-alt: 6229;"> <col width="161" style="width: 121pt; mso-width-source: userset; mso-width-alt: 5717;"> <col width="177" style="width: 133pt; mso-width-source: userset; mso-width-alt: 6286;"> <tbody> </tbody>
 
Upvote 0

Excel 2010
ABCDEFGHI
1DescriptionAccountStartCalc DateAmountRateTypeFuture ValueInterest
26-Jul-131-Jan-18$10,000.0010%Monthly15,642.715,642.71
31-Jan-1731-Dec-17$200,000.0012%Yearly224,000.0024,000.00
4
5
6Daily
7Monthly
8Weekly
9Yearly
1bb
Cell Formulas
RangeFormula
E2='1a'!A2
H2=CHOOSE(MATCH(G2,$B$6:$B$9,0),FV(F2/365,(D2-C2+1),0,-E2),FV(F2/12,(D2-C2+1)/30.4375,0,-E2),FV(F2/52.1429,(D2-C2+1)/7,0,-E2),FV(F2,(D2-C2+1)/365,0,-E2))
I2=H2-E2


You wanted to " to be able to change whether the interest was calculated daily, weekly, monthly etc "

Cell G2 has a drop down re list B6:B9
 
Upvote 0

Forum statistics

Threads
1,215,772
Messages
6,126,800
Members
449,337
Latest member
BBV123

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top