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Loan Interest Calculations Guide

The document contains 3 sections that demonstrate financial calculations using Excel functions: 1. It calculates interest amounts for 5 individuals using the IPMT function. 2. It calculates interest rates for 5 loans using the RATE function given loan amounts, payment periods, and monthly payments. 3. It calculates loan amounts for 5 individuals using the PV function given monthly payments, payment periods, and interest rates.

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mercy baba
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78 views1 page

Loan Interest Calculations Guide

The document contains 3 sections that demonstrate financial calculations using Excel functions: 1. It calculates interest amounts for 5 individuals using the IPMT function. 2. It calculates interest rates for 5 loans using the RATE function given loan amounts, payment periods, and monthly payments. 3. It calculates loan amounts for 5 individuals using the PV function given monthly payments, payment periods, and interest rates.

Uploaded by

mercy baba
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

1.

Compute the Interest amount in period using IPMT function

Loan Interest Periods Interest amount


Name amount rate terms of months in period
1 Bantug, Camille 25,000.00 5% 60 104
2 Egana, Joseph 15,000.00 3.5% 24 44
3 Flores, Joshua 20,000.00 2% 36 33
4 Hernandez, Elton 35,000.00 2.50% 12 73
5 Monton, Mario 30,000.00 3% 48 75

2. Compute the Interest rate using RATE function

Loan Periods Monthly Interest


Name amount in months payment rate
1 Alico, Jamelle 20,000.00 24 1,020.00 20%
2 Cortina, Sherwin 30,000.00 60 780.00 19%
3 Duarte, Ellaine 25,000.00 36 800.00 9%
4 Garces, Trisha 40,000.00 48 1,200.00 19%
5 Sescon, Gary 35,000.00 24 1,650.00 12%

Note: Compounding period per year is 12

3. Compute the Loan amount using PV function


Monthly Periods Interest Loan
Name Payment in months rate Amount
1 Cartel, Jocelyn 1500 36 6% ₱49,307
2 Inutan, Jovan 1100 24 5% ₱25,073
3 Javinez, Patrice 1750 18 3% ₱30,764
4 Kileste, Ivan 900 12 4% ₱10,570
5 Lumen, Marielle 1050 15 3.5% ₱15,388

BABA, MERCELITA S. BSA II-A

Note: compounding period per year is 12


Round off your answer to its whole number

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