News

How to calculate simple interest on a loan Simple interest is most commonly used for short-term loans — like payday loans, personal loans or some auto loans.
Learn how to use Excel’s SEQUENCE function and Conditional Formatting to automate tasks and improve data accuracy. Excel automation ...
How to Calculate Percentage Change Calculating percentage change is one of the most frequently used tasks in Excel. The basic formula is: (New Value / Old Value) – 1.
Compound interest refers to interest calculated on interest balances as well as principal. Learn how to calculate compound interest using Microsoft Excel.
This appealing interest rate coupled with the understanding of how the calculation of interest rates on FDs are done, can significantly help customers maximise the returns on their investment.
Types of Interest Calculations There are two primary methods used to calculate interest on FDs: - Simple Interest This method is straightforward and involves calculating interest on the principal ...
How to calculate the interest rate on a personal loan? A simple guide Higher interest rates raise total borrowing costs, impacting loan payments. Personal loans do not require collateral, and ...
Learn to calculate simple and compound interest on your savings account and get tips on how to earn more interest.
Use our mortgage calculator to estimate your monthly mortgage payments based on home price, down payment, and interest rate. Plus learn ways to save.
While the Reducing Balance method is generally more customer-friendly, the Simple Interest method might work for those who prioritise simplicity and fixed payments.
Key Points NORMSINV is an Excel function used along with normal distributions. It allows you to conduct calculations faster ...