Actual 360, 30/360

mcleod15

New Member
Joined
Feb 3, 2005
Messages
14
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
Joined
Apr 6, 2004
Messages
10,810
Office Version
  1. 365
Platform
  1. Windows
Could you let us know the values you have in each of the cells please?
 

mcleod15

New Member
Joined
Feb 3, 2005
Messages
14
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)
 

Forum statistics

Threads
1,141,095
Messages
5,704,310
Members
421,338
Latest member
Pepess

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
Top