# Actual 360, 30/360

#### mcleod15

##### New Member
I have a spreadsheet and am trying to determing if it is calculating the payement on an actual 360 or 30/360 basis.

=IF(\$G\$5=0,\$G\$4*\$G\$7,PMT(\$G\$4/12,\$G\$5*12,-1)*12*\$G\$7)

This is the interest formula

D14*\$H\$4/12

Any help would be appreciated. Thanks.

### Excel Facts

How can you turn a range sideways?
Copy the range. Select a blank cell. Right-click, Paste Special, then choose Transpose.

#### Jon von der Heyden

##### MrExcel MVP, Moderator
Could you let us know the values you have in each of the cells please?

#### mcleod15

##### New Member
G5 = Amortization = 0
G4 = Rate = 5.85
G7 = Principal = 27,000,000

My first guess is that this is calculating on a 30/360 basis.

IF(\$G\$5=0,\$G\$4*\$G\$7,PMT(\$G\$4/12,\$G\$5*12,-1)*12*\$G\$7)

#### mcleod15

##### New Member
also, if amortization was 30. would excel calculate this differently

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