IPMT Function Archives

Home Loan EMI Calculator with Reducing Balance in Excel

Jul 11, 2022 Excel Formulas

EMI, or Equated Monthly Installment the amount to be paid every month in the bank or other institution that over time makes up for the total loans ...

Car Loan Amortization Schedule in Excel with Extra Payments

Aug 4, 2022 Excel Formulas

If you are looking for some special tricks to create a car loan amortization schedule with extra payments in Excel, you've come to the right place. ...

How to Calculate Daily Simple Interest in Excel (3 Easy Ways)

Jun 30, 2022 Excel Formulas

In the banking and financial sectors, calculating daily simple interest is important. Excel can be extremely useful for calculating daily simple ...

Reducing Balance EMI Calculator in Excel Sheet (Create with Easy Steps)

Jul 13, 2022 Excel Formulas

This article illustrates how to create a reducing balance EMI calculator excel sheet. The rate of interest diminishes with time in the case of loans ...

Simple Interest Loan Calculator Using Formula in Excel (2 Examples)

Jun 28, 2022 Excel Formulas

Simple interest denotes the amount estimated from the principal amount of any loan taken from a bank or the initial contribution of any bank’s saving ...

Amortization Schedule with Balloon Payment and Extra Payments in Excel

Aug 4, 2022 Excel for Finance

While working with banking procedures we use Microsoft Excel. Excel has many useful tools or formulas to compute any calculation. While taking a loan ...

How to Use Formula for Mortgage Principal and Interest in Excel

May 29, 2022 Excel for Finance

In this article, I will discuss how you can calculate the principal and interest for a mortgage using a formula in Microsoft Excel. Suppose a $90,000 ...

How to Use Formula for Car Loan Amortization in Excel (with Quick Steps)

May 29, 2022 Excel for Finance

We can easily calculate the car loan amortization by using the Microsoft Excel financial formulas. This is an easy task. While purchasing a car, ...

Mortgage Repayment Calculator with Offset Account and Extra Payments in Excel

May 29, 2022 Excel for Finance

While dealing with the loan related to the mortgage or simply mortgage, you may need to utilize the calculator for faster calculation. In this ...

Calculate Interest in Excel with Payments (3 Examples)

May 24, 2022 Excel Formulas

This article shows how to calculate interest in excel with payments using 3 practical examples. It also shows how to calculate mortgage payments, the ...

How to Calculate Principal and Interest on a Loan in Excel

May 24, 2022 Excel Formulas

To calculate Principal based on a loan, we need to execute Excel’s PPMT function and to calculate Interest according to a loan amount, we need to ...

How to Calculate Daily Interest in Excel (2 Easy Ways)

Jun 15, 2022 Excel Formulas

In this article, we will explain how to calculate daily interest in excel. Calculating daily interest in excel is very useful in the banking sector ...

How to Calculate Interest Between Two Dates Excel (2 Easy Ways)

May 24, 2022 Excel Formulas

Very often we need to calculate interest between two dates. Manual calculation of interest can be lengthy and tiresome. Using Excel we can do these ...

How to Make an Amortization Table in Excel (4 Methods)

May 22, 2022 Excel Basics

This article shows how to make an Amortization table in Excel that shows the periodic payments on a loan over a period of time. This table breaks ...

How to Calculate Interest on a Loan in Excel (5 Methods)

May 19, 2022 Excel Formulas

While working with borrowed loans, we have to calculate the amount of interest or capital that we have to pay for that loan. We can easily calculate ...