Jump to content


Photo

Calculating Loan Payment Dates

formulas PMT MOD DATE YEAR MONTH DAY IF ROUND

  • Please log in to reply
4 replies to this topic

#1 davisec52

davisec52

    Member

  • Members
  • PipPip
  • 11 posts

Posted 10 April 2014 - 10:54 PM

I'm back with another question--this time about displaying loan payment dates based on the number of periods.

 

The end result I'm trying to achieve is that when some one inputs the number payment periods per year, that the spreadsheet will automatically list the dates based on the first loan payment date and number of periods.  This is easy when working with individual months, quarters, or trimesters.  But what about on a biweekly or weekly basis?

 

I know that I can use the date function to add days like this: DATE(YEAR(C24),MONTH(C24),DAY(C24)+7).

 

How can I get Excel to know when to automatically make the change in date format so that when you switch from 12 periods to 4 to 26 or 52 it will change the dates accordingly?

 

I have uploaded a copy of my spreadsheet.

 

Many thanks,

Evan

Attached Files



#2 Jonathan

Jonathan

    Forums Administrator

  • Administrators
  • 887 posts

Posted 11 April 2014 - 01:14 AM

This article has moved

 

We have moved this article to our new site. The answer to this question can now be found here:

 

https://thesmartmeth...-payment-dates/


Jonathan is part of the professional team who answer Excel-related questions posted on the ExcelCentral.com forums.
Jonathan also tests our courses prior to publication and has worked on all of our ten world bestselling Excel books for Excel 2007, Excel 2010, Excel 2013, Excel 2016 for Windows and Excel 2016 for Apple Mac. Jonathan has also worked on over 850 video lessons for or video courses covering Excel 2007, Excel 2010 and Excel 2013.
As well as extensive Excel knowledge, Jonathan has worked in the IT world for over thirteen years as a programmer, database designer and analyst for some of the world's largest companies.


#3 davisec52

davisec52

    Member

  • Members
  • PipPip
  • 11 posts

Posted 11 April 2014 - 02:55 AM

Jonathan,

 

Thank you very much for the detailed explanation!  I understand what you shown; and it is complicated.  I see what you mean that the loss of minutes by rounding throws off the payment dates when the payment periods are months.  Do you know of any way to get the payment date just to display a given month four times when there are 52 payment periods in a year?  For example, 6/1/2014, 6/1/2014, 6/1/2014, 6/1/2014 and then for the next month, 7/1/2014,7/1/2014, 7/1/2014, 7/1/2014. That way, at least, we'd have the payment date correlated with the first of the right month.

 

Evan



#4 Jonathan

Jonathan

    Forums Administrator

  • Administrators
  • 887 posts

Posted 11 April 2014 - 09:54 AM

This article has moved

 

We have moved this article to our new site. The answer to this question can now be found here:

 

https://thesmartmeth...-payment-dates/


Jonathan is part of the professional team who answer Excel-related questions posted on the ExcelCentral.com forums.
Jonathan also tests our courses prior to publication and has worked on all of our ten world bestselling Excel books for Excel 2007, Excel 2010, Excel 2013, Excel 2016 for Windows and Excel 2016 for Apple Mac. Jonathan has also worked on over 850 video lessons for or video courses covering Excel 2007, Excel 2010 and Excel 2013.
As well as extensive Excel knowledge, Jonathan has worked in the IT world for over thirteen years as a programmer, database designer and analyst for some of the world's largest companies.


#5 davisec52

davisec52

    Member

  • Members
  • PipPip
  • 11 posts

Posted 11 April 2014 - 01:47 PM

Jonathan,

 

Wow!  Thank you again.  You have given me a alot to chew on.  I do understand what you have described, but I'm going to go back to materials to get a better handle on it.  Time to hit the books.

 

Evan







0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users