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Amortization of a loan in VBA

Could someone give me a web page address were I can find a code on VBA regarding Loan Amortization Calculation. If you already  have a code please post. Thank you.
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gima
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gima
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1 Solution
 
dirtdartCommented:
VBA contains several financial functions.  FV is the one I use most.  It returns the future value of a loan based on the information given.

FV(rate,nper,pmt,pv,type)

Rate   is the interest rate per period.
Nper   is the total number of payment periods in an annuity.
Pmt   is the payment made each period; it cannot change over the life of the annuity. Typically, pmt contains principal and interest but no other fees or taxes.
Pv   is the present value, or the lump-sum amount that a series of future payments is worth right now. If pv is omitted, it is assumed to be 0 (zero).
Type   is the number 0 or 1 and indicates when payments are due. If type is omitted, it is assumed to be 0.
PMT will figure the monthly payment on a loan given the requested information.

PMT(rate,nper,pv,fv,type)

Rate   is the interest rate for the loan.
Nper   is the total number of payments for the loan.
Pv   is the present value, or the total amount that a series of future payments is worth now; also known as the principal.
Fv   is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0.
Type   is the number 0 (zero) or 1 and indicates when payments are due.

There is also PV, IPMT, NPER, PPMT, RATE, and several others.  The documentation for them can be found in vb help, or Excel help, and I'm sure it's in the other Office help files too.
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gimaAuthor Commented:
Can you be a more specific. I need to get a vba code for amortization of a loan. Thank you.
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mrmickCommented:
The following code will display what you're looking for in your immediate window.

'Play the following constants
Const AnnualIntRate = 9.25 'Percentage
Const AnnualPayments = 12
Const TotalPeriods = 48 '4 Year Loan
Const LoanAmount = 20000

Dim r As Double
Dim l As Long

   r = (AnnualIntRate / 100) / AnnualPayments
   For l = 1 To TotalPeriods
      Debug.Print "PMT# "; CStr(l); ")  "; Format(pmt(r, TotalPeriods, -LoanAmount), "##0.00"); "    ";
      Debug.Print "Int: "; Format(IPmt(r, l, TotalPeriods, -LoanAmount), "##0.00"); "  ";
      Debug.Print "Prn: "; Format(PPmt(r, l, TotalPeriods, -LoanAmount), "##0.00"); "  "
  Next


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mrmickCommented:
Depending on where you intend to run the code, the "Debug.Print" may need to be changed to reflect where you'd like to see the output of this example.

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gimaAuthor Commented:
But The person can choose to pay biweekly(26),weekly(52) or
Twice a month. Can you change a code?
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mrmickCommented:
Just make the changes in the following:

Const AnnualPayments = 12
Const TotalPeriods = 48 '4 Year Loan

For example:
Const AnnualPayments = 52 'Weekly
Const TotalPeriods =  AnnualPayments * 5 'Number of Years Here

'TotalPeriods = AnnualPayments * ? (Years) assumes all loans will be in Years only, Just set TotalPeriods for any fraction of year(s).
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gimaAuthor Commented:
Thank you.
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