Скачать или смотреть Kutools For Excel | How to Calculate Interest Payments with Excel Formulas

Welcome to our in-depth tutorial on calculating interest payments with Excel formulas. Whether you're a finance professional, a student, or anyone seeking to gain financial insight, this step-by-step guide is for you!

In this video, we'll show you how to calculate interest payments per period and the total interest over the life of a loan. We'll demystify Excel functions and walk you through real-world examples, making complex financial calculations simple.

Formula to calculate interest : =IPMT($C$6/$C$7,E6,$C$7*$C$8, $C$5)

Total Interest calculation formula : =CUMIPMT(C6/C7,C7*C8,C5,1,12,0)

In above formula, C6/C7 will calculate the monthly interest rate, C7*C8 will get the total number of periods, C5 is the loan amount you received, 1 means the first period you will pay back the loan, 12 indicates the last period (there are 12 periods in total), and 0 indicates you repay at the end of every period.

Key Highlights:
➤ Learn how to set up your data in Excel for accurate calculations.
➤ Discover the power of the IPMT function for interest payments per period.
➤ Boost your productivity with the AutoFill handle.
➤Find out how to determine the total interest paid on loans and credit cards.
➤Mastering these Excel techniques can save you time and provide a clear picture of your financial obligations.

Tags:
#ExcelFormulas #InterestPayments #FinancialCalculations

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