[Free ebook]Understanding of Microsoft Excel: Some Important & Basic Points by DK Gupta

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Author:DK Gupta
Language: eng
Format: azw3 + pdf
Published: 2017-08-19T07:00:00+00:00

Q. Suppose you are borrowing a loan of Rs.500000/- for a period of 10 years at 10% rate of interest per year. Write Spreadsheet function to find principal part and interest part of loan payment for 20th and 40th installment.

Ans:

=PPMT(10%/12,20,120,-500000,0,0) in cell A2 and press enter key.

=IPMT(10%/12,20,120,-500000,0,0) in cell B2 and press enter key.

=PPMT(10%/12,40,120,-500000,0,0) in cell A2 and press enter key.

=IPMT(10%/12,40,120,-500000,0,0) in cell B2 and press enter key.

NPER:

The NPER function returns the number of payment periods for a loan, given the loan’s amount, interest rate, and periodic payment amount.

The syntax for the NPER function is

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