Creating a payment schedule. Any keeners out there?

patrickboileau

New Member
Joined
Feb 18, 2005
Messages
2
Type// //1st payment // //Value// //Occurance// Payment//
Opening// //01/02/2002// //27,420.00// //1// 27,420.00//
Monthly// //02/03/2002// //32,904.00// //36// //914//
Yearly// //02/02/2003// //32,904.00// //2// 16,452.00//
Monthly// //02/12/2003// //82,260.00// //100// 1,557.49//
Yearly// //02/01/2005// //98,712.00// //6// 29,834.17//

I am looking for the most efficient way to expand this information into a payment table. The only way I know how is with "if" and date functions. CAN SOMEONE HELP ME? What would be the best way to set things up so that when the variables change everything works out nicely in the schedule.

THANKS A BUNCH!

PAt
 

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vane0326

Well-known Member
Joined
Aug 29, 2004
Messages
819
Here Sample that this might help.
I dont know why this comes out &nbsp everytime when I post something. My worksheet does'nt have that.
House Loan TABLE.xls
ABCDEFG
1LoanData
2InterestRate(Annual)5.00%TimeBasis4TimeBasisValues
3Amortization(Years)30TimeFactor12Annual
4Principal$300,000AdjustedRate0.4%Semi-Annual
5BalloonPayment$0TotalPeriods360Quarterly
6PaymentTypeMonthly
7Bi-Weekly
8AmortizationSchedule
9PeriodPaymentPrincipalInterestCumulativePrincipalCumulativeInterestRemainingPrincipal
101($1,610.46)($360.46)($1,250.00)($360.46)($1,248.50)$299,639.54
112($1,610.46)($361.97)($1,248.50)($722.43)($2,498.50)$299,277.57
123($1,610.46)($363.48)($1,246.99)($1,085.91)($3,745.49)$298,914.09
134($1,610.46)($364.99)($1,245.48)($1,450.90)($4,990.96)$298,549.10
145($1,610.46)($366.51)($1,243.95)($1,817.41)($6,234.92)$298,182.59
156($1,610.46)($368.04)($1,242.43)($2,185.44)($7,477.35)$297,814.56
167($1,610.46)($369.57)($1,240.89)($2,555.01)($8,718.24)$297,444.99
Sheet1
 

vane0326

Well-known Member
Joined
Aug 29, 2004
Messages
819
Thanks yee388 Hopefuly that junk does not come out. Thanks for the input.
Here is the sample again.
 

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