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Calculation using "Table function"

ResolvedVersion 2007

Wed 11 Feb 2009, 16:28 Delegate Mayuri said...

Mayuri has attended:
Excel Advanced course

Calculation using "Table function"

How do I create projection figures on a table for different interest rates if I have one worksheet which contains the formulas. I can put them on different sheets but this will make the workbook size very big. So, I guess there might be a shortcut.

Thanks for your help.

Mon 16 Feb 2009, 11:52 Trainer Simon said...

RE: Calculation using "Table function"

Hi Mayuri,

Thank you for your question.

You could try and create a Data Table through the Data menu and use the PMT function or another function in the financial category to try and achieve this.

I hope this answers your question.

Regards

Simon

Mon 23 Feb 2009: Automatically marked as resolved.

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Excel tip:

Creating a range of monthly payments as text

You could use a formula to create a range of payment ie. payment amount for x% to y% rate with fixed terms and principle.

The text that would be "between Xamount and Yamount".

Here is how to do it.

1 Use the PMT function to get your monthly payments figure or whatever frequency of payments that you choose he start range.

See PMT under Excel Help

2. Nest these in the ROUND function to round decimals see ROUND under Excel Help

3. Concatenate this using "&" and concatenate " to " and concatenate "Between ".

4. Concatenate the above to PMT function for the end range

ie.

="Between "&ROUND((PMT1),decimal places)&" and "&ROUND((PMT2),decimal places)

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Calculation using "Table function"

Calculation using "Table function"

RE: Calculation using "Table function"

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Excel tip:

Creating a range of monthly payments as text