I am looking for a formula that will give me the daily grand total with principle and interest at any given time. Principle is $10000.00 and interest rate is 3% per annum computed for the actual number of days principal is unpaid, on the basis of a 365 day year, on the unpaid balance. How can I show this?

I have forgotten most of what I learned in Accounting 101,

so the best I can offer is to look here,http://support.microsoft.com/kb/213907

see if it points you in the right direction.

MIKE

Anyone else have any ideas? I don't know the term of the loan. I just want to see how much interest and what the final amount owed is at any given day.

Try here: http://office.microsoft.com/en-us/e...

It's an Excel template for a simple Loan Amortization Schedule see if that works for you.

MIKE

Ask Your Question

Weekly Poll

Do you think ride and car sharing are the future of transportation?

Discuss in The Lounge

Poll History