Please help

amyr

New Member
Joined
Mar 24, 2024
Messages
8
Office Version
  1. 365
Platform
  1. MacOS
I did an owner carry loan and the borrower has had a very sketchy start with payments. The 30 year loan was for $313,600.00 at 9% and payments are $2,523.00. he missed the first payment then had a few partial payments. I need to figure out how to calculate the amount due, with interest and late fees. He is only 8 months into the loan so far.
 
I'm sorry for being so stupid! My first formula I thought I typed it perfectly but it made the payment $235,000!
 
Upvote 0

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.

Forum statistics

Threads
1,215,156
Messages
6,123,338
Members
449,098
Latest member
thnirmitha

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
Back
Top