Solved

Principal Only payments in an already very complex spreadsheet

Posted on 2011-09-23
7
246 Views
Last Modified: 2012-05-12
I need a way of putting in a payment that goes solely to the principle balance of the loan.  I need to put it in a separate column in the Loan Data tab, and have it generate in the Monthly Report tab without messing up the way the information in the report tab works....going to be very complicated.  I can have the payment info in a different cell than C17, but preferably not.  I am attaching the spreadsheet, it is an amortization schedule for a loan.  
Copy-of-Amortization-on-a-Simple.xls
0
Comment
Question by:binaryman101
  • 4
  • 3
7 Comments
 
LVL 7

Accepted Solution

by:
BusyMama earned 500 total points
ID: 36588986
Changed data sheet

Column C to include the total of principal only and payment
IF('Monthly Report'!$A$17='Loan Data'!B18,'Loan Data'!F18+D18,"")

Column E to input the date if the principal only amount is filled
IF(F18>0,B18,IF(D18>0,B18,""))

Cell I18 to subtract payments made the first day from just the principal
IF(F18=0,$H$9,H9-F18)

The remaining column I cells to subtract principal only payments
IF(F19>H18+G19,I18-F19+G19+H18-D19,I18-D19)


Test-Amortization-on-a-Simple.xls
0
 

Author Comment

by:binaryman101
ID: 36589076
ok BusyMama....i'm kinda scared at this point....i think that I might be totally done with this spreadsheet....before I say it works completely...i'm going to let my accountant look at this to see.  So far so good.  I'll comment back shortly.
0
 
LVL 7

Expert Comment

by:BusyMama
ID: 36589118
The only thing I noticed was on the report tab, there isn't a spot that shows the principal payment yet.  :)
0
Free Tool: ZipGrep

ZipGrep is a utility that can list and search zip (.war, .ear, .jar, etc) archives for text patterns, without the need to extract the archive's contents.

One of a set of tools we're offering as a way to say thank you for being a part of the community.

 
LVL 7

Expert Comment

by:BusyMama
ID: 36589122
In the bottom section, that is.
0
 

Author Comment

by:binaryman101
ID: 36589980
My accountant has approved, your awesomeness.  At this point I totally love your work!  Thank you very very much!
0
 

Author Closing Comment

by:binaryman101
ID: 36589985
you simply rock
0
 
LVL 7

Expert Comment

by:BusyMama
ID: 36591003
Glad I could help!  It was fun - thanks!  :)
0

Featured Post

Free Tool: Subnet Calculator

The subnet calculator helps you design networks by taking an IP address and network mask and returning information such as network, broadcast address, and host range.

One of a set of tools we're offering as a way of saying thank you for being a part of the community.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

This tutorial explains how to create a series of drop-down lists that are dependent upon prior selections to guide (“force”) the user to make the correct selection and reduce data errors within Microsoft Excel. Excel 2010 was used for this tutorial;…
Excel can be a tricky bit of software to get your head around. Whilst you’ll be able to eventually get to grips with the basic understanding of how to get by, there are a few Excel tips that not everybody will even know about let alone know how to d…
Many functions in Excel can make decisions. The most simple of these is the IF function: it returns a value depending on whether a condition you describe is true or false. Once you get the hang of using the IF function, you will find it easier to us…
Finds all prime numbers in a range requested and places them in a public primes() array. I've demostrated a template size of 30 (2 * 3 * 5) but larger templates can be built such 210  (2 * 3 * 5 * 7) or 2310  (2 * 3 * 5 * 7 * 11). The larger templa…

829 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question