To calculate the cumulative principal paid between any two loan payments, you can use the CUMPRINC function. Formula =CUMPRINC(rate,nper,pv,start,end,type) Explanation In the example shown, we calculate the total principal paid over the full term of the loan by using the first and last period. The formula in C10 is: =CUMPRINC(C6/12,C8,C5,1,60,0) How this formula works For this example, …
To calculate the interest portion of a loan payment in a given period, you can use the IPMT function. Formula =IPMT(rate,period,periods,-loan) Explanation In the example shown, the formula in C10 is: =IPMT(C6/12,1,C8,-C5) How this formula works For this example, we want to calculate the interest portion for payment 1 of a 5-year loan of $5,000 …
To calculate the periodic interest rate for a loan, given the loan amount, the number of payment periods, and the payment amount, you can use the RATE function. Formula =RATE(periods,payment,-amount)*12 Explanation In the example shown, the formula in C10 is: =RATE(C7,C6,-C5)*12 Loans have four primary components: the amount, the interest rate, the number of periodic …
To calculate the total interest for a loan in a given year, you can use the CUMIPMT function. Formula =CUMIPMT(rate,nper,pv,start,end,type) Explanation In the example shown, the total interest paid in year 1 is calculated by using 1 for start period and 12 for end period. The The formula in F5 is: =CUMIPMT(5%/12,60,30000,1,12,0) Note: values hardcoded for readability only. …
To get the present value of an annuity, you can use the PV function. Formula =PV(rate,periods,payment,0,0) In the example shown, the formula in C9 is: =PV(C5,C6,C4,0,0) Explanation An annuity is a series of equal cash flows, spaced equally in time. In this example, an annuity pays 10,000 per year for the next 25 years, with …
This tutorial shows how to solve for an annuity payment in Excel. An annuity is a series of equal cash flows, spaced equally in time. Case study: Using the PMT function, the goal in this example is to have 100,000 at the end of 10 years, with an interest rate of 5%. Payments are made annually, …
To get the present value of an annuity, you can use the PV function. Formula =FV(rate,periods,payment) Explanation In the example shown, the formula in C7 is: =FV(C5,C6,-C4,0,0) Explanation An annuity is a series of equal cash flows, spaced equally in time. In this example, a $5000 payment is made each year for 25 years, with …
This tutorial shows how present value and future value are related using the example below: Explanation In the example shown, Years, Compounding periods, and Interest rate are linked in columns C and F like this: F5=C9 F6=C6 F7=C7 F8=C8 The formula to calculate future value in C9 is: =FV(C8/C7,C6*C7,0,-C5,0) The formula to calculate present value in F9 …
To calculate simple interest in Excel (i.e. interest that is not compounded), you can use a formula that multiples principal, rate, and term. Case Study: This example assumes that $1000 is invested for 10 years at an annual interest rate of 5%. Simple interest means that interest payments are not compounded – the interest is …
To calculate the principal portion of a loan payment in a given period, you can use the PPMT function. Formula =PPMT(rate,period,periods,-loan) Explanation In the example shown, the formula in C10 is: =PPMT(C6/12,1,C8,-C5) How this formula works For this example, we want to calculate the principal portion for payment 1 of a 5-year loan of $5,000 …
To calculate the number of periods needed for an annuity to reach a given future value, you can use the NPER function. Formula =NPER(rate,pmt,pv,fv,type) Explanation In the example shown C9 contains this formula: =NPER(C6,-C7,-C4,C5,0) Explanation An annuity is a series of equal cash flows, spaced equally in time. The goal in this example is to …
To calculate the number of payment periods for a loan, given the loan amount, the interest rate, and a periodic payment amount, you can use the NPER function. Formula =NPER(rate,payment,-loan) Explanation In the example shown, the formula in C10 is… =NPER(C6/12,C7,-C5) How this formula works Loans have four primary components: the amount, the interest rate, …
NPV formula for net present value To calculate Net Present Value (NPV) you can use the NPV function. Formula =NPV(rate,cashflows)-initialcost Explanation In the example shown, the formula in F6 is: =NPV(F4,C6:C10)+C5 How this formula works Net Present Value (NPV) is the present value of expected future cash flows minus the initial cost of investment. The …
To calculate a loan payment amount, given an interest rate, the loan term, and the loan amount, you can use the PMT function. Formula =PMT(rate,periods,-amount) Explanation In the example shown, the formula in C10 is: =PMT(C6/12,C7,-C5) How this formula works Loans have four primary components: the amount, the interest rate, the number of periodic payments …
To calculate the original loan amount, given the loan term, the interest rate, and a periodic payment amount, you can use the PV function. Formula =PV(rate,periods,-payment) Explanation In the example shown, the formula in C10 is… =PV(C5/12,C7,C6) How this formula works Loans have four primary components: the amount, the interest rate, the number of periodic …
This tutorials shows how to reference a named range on another sheet. To achieve this, you can use the INDIRECT function with the required sheet syntax. Formula INDIRECT(“‘”&sheet&”‘!”&name) Explanation In the example shown, the formula in D6 is: =SUM(INDIRECT(“‘”&B6&”‘!”&C6)) Which returns the sum of the named range “data” on Sheet1. How this formula works The …
To test if a worksheet name exists in a workbook, you can use a formula based on the ISREF and INDIRECT functions. Formula =ISREF(INDIRECT(“sheetname”&”!A1″)) Explanation In the example shown, the formula in C5 is: =ISREF(INDIRECT(B5&”!A1″)) How this formula works The ISREF function returns TRUE for a valid worksheet reference and FALSE is not. In this …
If you want to get the current workbook’s full name and path without a sheet name, you can use a formula that employs several text functions to strip off the sheet name. The final result will be a text string that looks like this: path[workbook.xlsm] Formula =SUBSTITUTE( LEFT(CELL(“filename”,A1),FIND(“]”,CELL(“filename”,A1))-1),”[“,””) Explanation How the formula works The CELL …
If you want to get the sheet name only (i.e. the sheet name without the file name or path) you can do so with rather long formula that uses the MID function along with the FIND function. The final result will look something like this: Sheet1 Formula =MID(CELL(“filename”,A1),FIND(“]”, CELL(“filename”,A1))+1,255) Explanation How the formula works The …
If you want to get the workbook name only (i.e. the file name without path or sheet name) you can do so with a rather long formula that uses the MID function along with the FIND function. Formula =MID(CELL(“filename”,A1),FIND(“[“,CELL (“filename”,A1))+1,FIND(“]”,CELL(“filename”,A1)) -FIND(“[“,CELL(“filename”,A1))-1) Explanation How the formula works The cell function is used to get the full …
If you want to get the current workbook’s full path, name, and sheet with a formula, you can use the CELL function and a reference to any cell in the workbook. CELL will return the name in this format: path[workbook.xlsx]sheetname Note that you must save the worksheet in order to get the a result. Formula …
To remove a trailing slash from a URL or path, you can use a formula based on the LEFT and LEN functions. Formula =LEFT(url,LEN(B4)-(RIGHT(url)=”/”)) Explanation In the example shown, the formula in cell C6 is: =LEFT(B4,LEN(B4)-(RIGHT(B4)=”/”)) How this formula works At the core, this formula uses the LEFT function to return text starting from the …
To remove the protocol (i.e. http://, ftp://, etc.) and trailing slash from a URL, you can use a formula based on the MID, FIND, and LEN functions. Formula =MID(url,FIND(“//”,url)+2,LEN(url)-FIND(“//”,url)-1-(RIGHT(url)=”/”)) Explanation In the example shown, the formula in C5 is: =MID(B4,FIND(“//”,B4)+2,LEN(B4)-FIND(“//”,B4)-1-(RIGHT(B4)=”/”)) How this formula works The core of this formula is the MID function, which extracts …
To extract the top level domain (called “TLD”) from a list of domain names or email addresses, you can use a rather complex formula that uses several functions. In the formula below, domain represents a domain or email address in normal “dot” syntax. Formula =RIGHT(domain,LEN(domain)-FIND(“*”,SUBSTITUTE(domain,”.”,”*”, LEN(domain)-LEN(SUBSTITUTE(domain,”.”,””))))) Explanation In the example, the active cell contains this formula: …
To extract the page, or the part of a path after the last forward slash (/), you can use a formula based on several Excel functions: TRIM, RIGHT, SUBSTITUTE, and REPT. Formula =TRIM(RIGHT(SUBSTITUTE(url,”/”,REPT(” “,100)),100)) Explanation In the example shown, the formula in C5 is: =TRIM(RIGHT(SUBSTITUTE(B5,”/”,REPT(” “,100)),100)) How this formula works At the core, this formula …
If want to extract the name part of an email address, you can do so with a formula that uses the LEFT and FIND functions. In the formula below, email represents the email address you are working with. Formula =LEFT(email,FIND(“@”,email)-1) Explanation In the example, we are using this formula: =LEFT(C4,FIND(“@”,C4)-1) Here’s how the formula works: …
Atimes a user may want to extract the domain from an email address, the RIGHT, LEN, and FIND functions can be used to achieve that. In the formula below, email represents the email address you are working with. Formula =RIGHT(email,LEN(email)-FIND(“@”,email)) Explanation In the example, we are using this formula: =RIGHT(C4,LEN(C4)-FIND(“@”,C4)) Here’s how the formula works …
Atimes a user may want to build an email address from a first and last name. In that case, use a formula based on simple concatenation with help from the LEFT and LOWER functions. See illustration below: Formula =LOWER(LEFT(first)&last&”@”&domain) Explanation In the example shown, the formula in D5 is: =LOWER(LEFT(B5)&C5&”@”&$G$6) How this formula works Working …
To build email addresses using first and last names, you can use a formula that concatenates values, with help from the LOWER and LEFT functions as needed. See example below: Formula =LOWER(LEFT(first)&last)&”@domain.com” Explanation In the example shown, the formula in D5 is: =LOWER(LEFT(C5)&B5)&”@”&”acme.com” How this formula works For a name like “Tim Brown”, this formula …
If you want to extract the domain name from a complete URL, you can do so with a formula that uses the LEFT and FIND functions. See example: In the formula below, url is the the URL you are working with. Formula =LEFT(url,FIND(“/”,url,9)) Explanation In the example, we are using this formula: =LEFT(B4,FIND(“/”,B4,9)) Here’s how …
If you need to clean up names that are not in a proper case, you can use a simple formula based on PROPER functions. Formula =PROPER(name) Explanation In the example the formula in C5 is: =PROPER(B5) How this formula works The PROPER function automatically reformats text so that all words are capitalized. At the same …
If you need to join separate first and last names together into a single full name, you can easily do so with concatenation using the ampersand (&) character. In the formula below, first is first name, and last is last name. Formula =first&” “&last Explanation In the example, the active cell contains this formula: =B4&” “&C4 How this formula …
If you need to get the middle name from a full name, and you already have the first and last names in separate cells, you can use a formula that extracts the middle name using the MID and LEN functions, with help from TRIM function. Note: this is a pretty sloppy formula, but will work …
If you need extract the last name from a full name in LAST, FIRST format, you can do so with a formula that uses the LEFT and FIND functions. The formula works with names in this format, where a comma and space separate the last name from the first name. Note: this formula will only …
If you need extract the last name from a full name, you can do so with this rather complex formula that uses several functions. Note: In the formula below, name is a full name, with a space separating the first name from other parts of the name. Formula =RIGHT(name,LEN(name)-FIND(“*”,SUBSTITUTE(name,” “,”*”, LEN(name)-LEN(SUBSTITUTE(name,” “,””))))) Important! Handling inconsistent …
If you need extract the first name from a full name, you can easily do so with the FIND and LEFT functions. In the formula below, name is a full name, with a space separating the first name from other parts of the name. Note: this formula does not account for titles (Ms., Mr., etc) …
To extract the first name from a full name in “Last, First” format, you can use a formula that uses RIGHT, LEN and FIND functions. Note: this formula will only work with names in Last, First format, separated with a comma and space. Formula =RIGHT(name,LEN(name)-FIND(“, “,name)-1) Explanation From the table and formula (above), name represent full …
If you have worksheet that contains text dimensions (i.e. “50 ft x 200 ft” etc.) you can split the into two parts with formulas that use several text functions. Explanation Background A common annoyance with data is that it may be represented as text instead of numbers. This is especially common with dimensions, which may …
To split a number from a unit value, you need to determine the position of the last number. If you add 1 to that position, you have the start of the unit text. Note: these is an experimental formula that uses a hard coded array constant, set down here for reference and comment. Casually tested …
To separate text and numbers, you can use a formula based on the FIND function, the MIN function, and the LEN function with the LEFT or RIGHT function, depending on whether you want to extract the text or the number. Formula =MIN(FIND({0,1,2,3,4,5,6,7,8,9},A1&”0123456789″)) Explanation In the example shown, the formula in C5 is: =MIN(FIND({0,1,2,3,4,5,6,7,8,9},B5&”0123456789″)) which returns …