# End of Year Balance?

#### josh21

##### New Member
I making a amortization schedule, but stuck on formula to use for end of year balance.

loan amount is 243,141.25
interest rate 4.33%
monthly payment 2,500
10 year

year 1 beginning balance is 243,141.25 Trying to figure out year 1 end of year balance

what formula is there to use?What formula is used to find end of year balance for year 1 in cell C6?

### Excel Facts

What is =ROMAN(40) in Excel?
The Roman numeral for 40 is XL. Bill "MrExcel" Jelen's 40th book was called MrExcel XL.

#### AhoyNC

##### Well-known Member
Take a look at the cumprinc function to calculate principal paid in first year and then subtract from your beginning balance.
Excel Workbook
ABCDE
1Loan243,141.25
2Interest4.33%19,863.11Principal paid year 1
3Payment2,500
4Years10\$223,278.14Bal. on year 1
Sheet

Replies
0
Views
753
Replies
0
Views
296
Replies
8
Views
1K
Replies
2
Views
188
Replies
4
Views
801

1,191,183
Messages
5,985,172
Members
439,944
Latest member
Vangelis74

### 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?

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