Loan Amortization Formula
Tony Barthelemy
✭✭✭✭✭
Good Day All:
I need some help with my Loan Amortization Formula. I am trying to subtract out the Escrow from the Principal that is included in my payment.
Current Formula Yields $1,771.06 which is incorrect. The correct amount is $322.85 if he Escrow is $1,448.21 per month
=IF(Interest7 = "", "", Payment7 - Interest7 + [Additional Payment]7)
I can share the sheet if it will be easier.
Thanks Smartsheet Community
Best Answer
-
No need to Reply. I figured it out.
Answers
-
No need to Reply. I figured it out.
-
Glad to hear you got it working!
Need more help? 👀 | Help and Learning Center
こんにちは (Konnichiwa), Hallo, Hola, Bonjour, Olá, Ciao! 👋 | Global Discussions
Help Article Resources
Categories
- All Categories
- 14 Welcome to the Community
- Customer Resources
- 64.9K Get Help
- 441 Global Discussions
- 139 Industry Talk
- 471 Announcements
- 4.9K Ideas & Feature Requests
- 129 Brandfolder
- 148 Just for fun
- 68 Community Job Board
- 496 Show & Tell
- 33 Member Spotlight
- 2 SmartStories
- 300 Events
- 36 Webinars
- 7.3K Forum Archives
Want to practice working with formulas directly in Smartsheet?
Check out the Formula Handbook template!
Check out the Formula Handbook template!