Free Microsoft Excel 2013 Quick Reference

# EMI Calculation with Variable Interest Rates

Dear Friends,

I have prepared an excel sheet for calculation of EMI in accordance with the other attachment. Basically it is in relation to a loan, for which the ROI is 9.25% for the First Year, 10.25% for the next two years and 11% from 3rd Year onwards.

However, the principal amount does not come to a zero with the end of loan tenure and rather the borrower appears to pay excess.

Can you kindly review the file and let me have your comments / corrections.

Regards

DC

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----------------
This post is a suggestion for Microsoft, and Microsoft responds to the
suggestions with the most votes. To vote for this suggestion, click the "I
Agree" button in the message pane. If you do not see the button, follow this
link to open the suggestion in the Microsoft Web-based Newsreader and then
click "I Agree" in the message pane.

http://www.microsoft.com/office/comm...et.f unctions

### FVSCHEDULE should allow cell reference for interest rate schedule

To compute the future value of an investment by applying a constant
compounded annual growth rate (CAGR) over 8 years Excel requires that I type
in the actual interest rate for all 8 years using the FVSCHEDULE function.
FVSCHEDULE does not allow me to use a cell reference in the interest rate
array. Which means if I want to model an investment with different interest
rates - -I have to manually change all eight years of the interest rate
schedule every time. I would like Excel to allow the FVSchedule function to
use cell references for the interest rate array. Or create a true CAGR
function.

----------------
This post is a suggestion for Microsoft, and Microsoft responds to the
suggestions with the most votes. To vote for this suggestion, click the "I
Agree" button in the message pane. If you do not see the button, follow this
link to open the suggestion in the Microsoft Web-based Newsreader and then
click "I Agree" in the message pane.

http://www.microsoft.com/office/comm...heet.functions

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Hello.

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Hi!

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P.S. The attachment is very basic due to size restrictions. Please drag row A24:M24 down up to 240 months in column A (20 year bond)

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