Simple Loan Calculator for Microsoft Excel
Keeping up with one’s financial calculations can get messy, especially when it comes to interest rates and other banking matters. You can always hire an expert consultant to explain everything and run your matters, but sometimes, especially when it comes to simpler loan calculations, it pays off to learn how it works and use some tools to streamline the job.
In this week’s free MS Excel template, we intend to show you how easily Excel manages to handle these calculations with its intrinsic formulas.
The Simple Loan Calculator for Microsoft Excel uses built-in financial formulas to calculate either the interest rate (using the RATE formula), the loan amount (using the PV formula), the payment (using the PMT formula), or the number of payments (using the NPER formula).
Have a peek at the Simple Loan Calculator Excel Template: Continue reading