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how to calculate compound interest loan payments in excel. Set up your rows. Suppose we have the following information to calculate compound interest in a table excel format systematically.
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This example assumes that 1000 is invested for 10 years at an annual interest rate of 5 compounded monthly. Step 2 We have the principal value or present value as 15000 and the annual interest rate is 5. Doing so opens a new spreadsheet for your.
Step 1 Open Microsoft Excel.
Select the cell you will place the calculated result in type the formula CUMIPMT B212B312B1B4B51 and press the Enter key. Entering 5 will result in a 500 interest rate each month. Enter the payments total. If you simply enter 512 instead Excel will interpret this as a 500 annual rate paid monthly.
