Simple-interest debt tracker, w/o terms/monthlies

pitriDish

New Member
Joined
Sep 4, 2024
Messages
1
Office Version
  1. 365
Platform
  1. Windows
Hiiii.

I'm in need of a debt amortization template, but I'd like it to support irregular payments and simple interest. Everything I find online assumes there's compound interest and a term.

I'm lost with:
  • what will the remaining principal (column C) & remaining interest (column D) formulas be?
    • I assume the simple interest for D3 would be like: =C2*(G5*(DAYS(A3, A2)))
    • Remaining principal, C3: oh my god how. Do I subtract B3 from C3 only if the formula detects D2 is less than or equal to 0
I'm in over my head with the necessary conventions and formatting. Am I even on the right track to get useful data from this?

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Excel Facts

Workdays for a market open Mon, Wed, Friday?
Yes! Use "0101011" for the weekend argument in NETWORKDAYS.INTL or WORKDAY.INTL. The 7 digits start on Monday. 1 means it is a weekend.

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