Fv Formula Where The Payments Increase Annually? |
Fv Formula Where The Payments Increase Annually? - Excel |
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I need to calculate the proceeds of recurring payments at a fixed interest rate over a fixed term with one exception to the norm: Annually, the PAYMENTS grow bigger at a fixed rate (10% in the example).
It's like this:
Year 1: Payment: $1,200, interest 10%, term remaining: 20years.
Year2: Payment: $1,320 ($1,200 + 10%), interest still 10%, term remaining: 19 years of the initial 20.
The person will therefore be earning 10% compound interest on $1,200 for a full 20 years, 10% compound interest on $1,320 for 19 years, etc, until, in the last year, the payment will be $7,339.09. The person will earn 10% interest on that for 1 year only. What will the total payout be?
There has to be an easier way to calculate this than doing it the way I did here and hiding the calculations!
Hope to hear from you soon!
Harry
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so I thought I would try again.
Does anyone know of an Excel template--or a small stand-alone
program--that will calculate the interest/principal breakdown when
payments are varied in amount and frequency? Free or low-cost, please.
I need one that will work on my Mac/Office 2004. I will need to print
out periodic reports.
Here is the way the previous poster described it:
"Excel template: Loan Amortization for random/irregular payments,
figures days
between payment dates.
I have a loan with a variable beginning balance and irregular payments
with
annual large payment. (based on collections)
Would like to enter payment and date.
then Excel would figure days since last payment, interest amount,
principal
amount, Ending Principal balance.
And total interest paid, total pricipal paid
If I change the starting principal, excel would recalculate all
entries."
Thanks very much.
=DATEDIF(E21,TODAY(),"y")&" y "&DATEDIF(E21,TODAY(),"ym")&" m"
Thanks
Rick
This is what I have so far (hire date is in column B):
=((TODAY()-B4)/365)&" YEARS"
This function gives me a number with many decimal places.
I tried:
=ROUNDDOWN((TODAY()-B4)/365),0)&" YEARS"
It tells me I have too few arguments. Please help!
Cells accept hours over 23,
Adding cells in column returns correct total time.
Have not found a way to multiply these cells by a $ hourly rate.
So use HOUR(cell ref) and MINUTE(cell ref) to capture values in referenced
cell - then use these values to calculate total payment for $rate per hour.
However, the HOUR(cell ref) formula returns the hours in excess of 24 when
the cell contains an hour value in excess of 23 (ie 27 hours returns 3).
I can calculate the formula for this , but the problem comes where for eg there is a loss in Jan 2008 for -95415 and there was a profit in Jan 2007 for 80215. How do I set up formula to take negatives & positives into account in calculating the increase or decrease/
Your assistance or anybody's on the forum will be greatly appreciated
Regards
Howard
http://www.mrexcel.com/forum/showthr...ghlight=howardneed
For example:
APPLE
bought 100 on FEB 1 @$1
bought 500 on FEB 1 @$1
bought 1000 on FEB 10 @$1
sold 300 on FEB 12 @$1.5
bought 100 on FEB 13 @$1.1
sold 100 on FEB 13 @$1.2
bought 1000 on FEB 14 @$1
bought 400 on FEB 15 @$1
sold 2000 on FEB 19 @$1.5
For this, the formula/function would know that:
=>for the 300 sold on FEB 12, 100 bought on FEB 1 is depleted and 200 of the 500 bought on FEB 1 is depleted.
=>for the 100 sold on FEB 13, the 100 bought on FEB 13 is depleted
=>for the 2000 sold on FEB 19, it knows that:
==>the 100 bought on FEB 1, the 200 of the 500 bought on FEB 1, and the 100 bought on FEB 13 is depleted so it can't consider those quantities
==>it would consider the remaining 300 of the 500 bought on FEB 1, 1000 bought on FEB 10, and 700 of the 1000 bought on FEB 14
The remaining quantities that are left would be the remaining 300 of the 1000 bought on Feb 14 and the 400 bought on FEB 15.
I would like to know for each sold transaction, which quantities at which prices on which day were sold.
Thanks in advance!
I'm working with Excel 2003 sp 3 on Windows xp.
I have been banging my head trying to jar loose the formula to calculate man days where 1 equals 8 hours. I have one that was given to me by a coworker:
=INT(Q3/8)+(((Q3/8)-(INT(Q3/8)))*0.8)
That calculates man days from total hours. I need a formula that will total man days and return the man day answer. Example:
weekending 12/25 = 16.2 which is 16 man days and 2 hours
weekending 1/1 = 24.7 which is 24 man days and 7 hours
Total = 41 man days and 1 hour
I have also been asked if there was a way for a number to be entered into a spreadsheet and automatically put in order without a macro or "pushing a button".
Any advice is greatly appreciated!
Happy New Year!
~ Brenda ~
I have one staff member that does the data entry but I don't want them to see the 2nd sheet. I know I can hide the sheet then protect the entire workbook which does work, but is there an easier way so that the second person doesn't have to keep hiding/unhiding the 2nd sheet?
It would be perfect if when you tried to click on Sheet2, it asked for a password.
Cheers
Jase
There is about 20 staffs in our department and I have made a spreadsheet with 12 tabs for each month of the year Jan-Dec. If each staff have 15 days annual leave each year and how can I make a formular that can automatically calculate the balance of annual leave and entered in the tabs of the following months. For example if staff A used 5 days in Jan how can the balance of 10days be entered in the tabs from Feb-Dec. If he use another 5 days in July the remain balance of 5 days be automatically entered in the tab from Aug to Dec. Likewise if staff A took 2 days sick leave in Jan, and 2 days in Mar how can this sick days be automatically sum up in the months after. I am doing this manually at the moment and it is very time consuming and also very easy to make mistake.
Thanks and sorry for this long questions
Basically I have created a spreadsheet with several columns, but I have one column that lists the shirt size (YS, YM, YL, AS, AM, AL, XL, 2X, 3X) of each person. Is there a formula that I can create that will tabulate the number of sizes (i.e. AS=2, AM=7, etc.)?
In previous years I made a column for each size, and simply placed a "1" in the correct column, and had excel just add the 1's from each column. However, that takes more time and space. I was hoping to streamline it this time around.
Thanks for taking the time to read this post. Any help would be appreciated! Thanks, doug
The Geomean function doesn't work because it only uses positive numbers.
Any help would be greatly appreciated.
How do I enter the value in a cell (say B4) into a formula as a constant so it doesn't change when I copy it down the column?
For example,
B4 = 2.4 (a constant)
This is the result I want:
F6 =C8 + B4*4.243
F7 =C9 + B4*4.243
F8 =C10 + B4*4.243
B4 remains constant as I copy F6 down.
What's the correct formula for F6 so I can copy it down and keep B4 fixed?
Thanks.
3 & 4 shifts = 15% Basic
2 shifts = 10% Basic
If on leave for 21 working days or more, no shift allowance
If on leave for less than 21 working days and on 3 or 4 shifts, shift allowance prorated as (Basic*15%)/21*(diff. btw 21 and no of days leave observed)
If on leave for less than 21 working days and on 2 shifts, shift allowance prorated as (Basic*10%)/21*(diff. btw 21 and no of days leave observed)
The formular I used in the attached worked but the only problem is that I had to sort by no. of shifts and adjust the formular first. I need A formular that does not require sorting. I tried to combine IF, AND, OR formulae but I got error. Please assist me sort this out. Thanks a bunch.
I made a simple worksheet that we have been manually entering the time for employees, but there are too many errors (even with simple math). Can someone help me convert the time of ex: written 8-4:30 or 10-3 (meaning 8:00am to 4:30pm) where you have the total weekly hours? Right now I have a column for overtime. Is there a way to automatically calculate the over time also? The work day is 8-4:30 with a half hour lunch (lunch is not calculated into the hours, so you minus a half hour). 8-4:30 equals 8 hours. So, if a person works 8am to 6:30pm, how can I set it up where in the first row of time, I will type in 8-6:30pm. In the totals column to the far right, it will display 8 hours. In the (O.T.) column, it will display 2 hours.
This way, when I call in my payroll, I will have the total "regular" hours in one row and underneath, I will have the total overtime hours.
Or... does anyone have a better solution to keeping track of their hours?
Thanks!
Marty
difference where the times cross midnight. Example:
Start time: 23:50:00
End time: 00:15:00
How would you formulate an equation to determine the duration of time or
differnce between the start and end time?
=Sum(I25:I32) Formula but I want to multiply the outcome of that formula by the hourly rate of 11.00, 15.00 and 16.00. Does anybody know how this can be done? If so I would greatly appreciate it.
Thanks!
charitydc
Cell B5: start time: 4:15 formatted as 4:15:00 am
Cell B6: finish time: 6:15 formatted as 6:15:00 am
Cell B7: total time: 2:00 formula in cell: =TEXT(B6-B5,"h:mm")
Cell B8: total batches processed: 22 (this is entered manually)
Cell B9: batches per hour: formula in cell: =B8/TEXT(B7,"h")
as long as I have this formula in cell B9 the answer comes out correct which should be 11 per hour.
If the formula in B9 is B8/B7, the answer is 264.0, Is this because of the way excel is reading the total time or the total time is formatted as a time, not an actual number? Is this the correct way to solve the problem?
answer should be 11 per hour.