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6/8/2011 5:15:01 PM
Excel 2010 Expert 6
By Richard Rost   Richard Rost on Facebook Richard Rost on Twitter Richard Rost on Google Plus Richard Rost on LinkedIn Email Richard Rost

 
The focus of this course is working with financial functions in Excel. Topics covered include:

- Financial Terms & Functions
- PV, FV, PMT, RATE, NPER
- Loan Calculator with Multiple Scenarios
- Investment Calculator with Multiple Years
- Interest Rate Calculator with ROI
- Millionaire Calculator
- Home Value Calculator (how much house?)
- Loan Amortization Schedule
- Credit Card Payoff Calculator
- Lots More!
  

Permanent Link
Course Link: Excel 2010 Expert 6
Keywords: financial PV FV PMT RATE NPER APR ROI TYPE IPMT PPMT CUMPRINC CUMIPMT interest
Page Tag: whatsnew
Post Reply

Comment from Anonymous @ 4/29/2014
Hi Richard, for the credit card example, it says the (# of) Payments Required is
99.8527. However, if you make a chart with Column 1 being Period, Column 2 being Total, Column 3 being Plus Interest and Column 4 being You Pay,
with Column 1 just AutoFilled down, Column 4 being a bunch of 100's, Column 2 starting at 5000 in Period 0 and for each subsequent period doing = the previous period's Plus Interest - the current period's You Pay (100), and Column 3 being =Total+(Total*(Rate/12)), you only get 59 months, rather than 99.8. Can you explain why this method doesn't arrive at the same result as the NPER formula? i.e. Is the notion of adding the Interest to the new Total (after removing the previous 100) incorrect? Thanks a lot for clarifying that!
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Comment from Joe Beniacar @ 4/28/2014
Hi Richard, if the Interest Rate is 7%, shouldn't they have to pay an additional (.07)(90,000) = $6,300 per year, rather than ($598.77)(Monthly Payment) (12) = $7,185 per year? Thanks!
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Comment from Svend Christensen @ 1/11/2012
Hi Rich,

Lesson 1 video time 4:50

My version of office 2007 is Danish

PMT function in cell B9 return with a negative number (-598,77), and Cell B11: show the amount of 205.558.01.

When multiplay Cell B9 with -1 in order to get a positive number in Cell B9 and B11 respectively does cell B11 change amount to 225.558.01.

Why??

The same appear in your example and the same happen in my spreadsheet as well.


Thanks for an excellent course.


Brgds,
Svend
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Excel 2010 Expert 6 Comment from Ramesh @ 6/14/2011
how to learn VBA Macro in excel????


Reply from Richard Rost:

Macros will be coming up in the Advanced series. VBA will be in the Developer series. Look for both of them later this summer.
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