Monthly loan drawdown schedule

fkhan123

New Member
Joined
Dec 12, 2021
Messages
8
Office Version
  1. 365
Hello,

I am struggling to calculate repayment on a loan with a monthly drawdown. For each month the value of the loan changes . Below is an example. Grateful if someone has an idea on how monthly payment on this can be calculated


Term
20​
Interest rate
4.00%​
Payments per year
12​
Debt Drawdown
1/31/2022​
2/28/2022​
3/31/2022​
4/30/2022​
5/31/2022​
6/30/2022​
7/31/2022​
Monthly10,063,38311,720,36613,277,07714,629,44715,678,96916,344,48616,572,544
Total10,063,38321,783,74935,060,82649,690,27365,369,24281,713,72898,286,272
 

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BigBeachBananas

Board Regular
Joined
Jul 13, 2021
Messages
140
Office Version
  1. 365
Platform
  1. Windows
  2. MacOS
Book1
AB
1Term20
2Interest rate4.00%
3Payments per year12
4Principal10,063,383
5Monthly Payments($60,982)
Sheet2
Cell Formulas
RangeFormula
B5B5=PMT(B2/B3,B1*B3,B4,0,0)
 

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