Now consider a situation where you need to compare the effect of change of interest rate on above calculations. Use One variable Data Table in Excel to evaluate the change of loan payments depending on different Interest rate Now you have the basic calculations required to review the loan scheme. In the cell "B9" ,Type the formula = B8 – B2 This can be calculated from the difference between total amount of payments and the loan amount (principal) Now we need to get total amount of interest. That gives you the total amount of payments. Next in the cell B8, Type the formula = B7*B4 You get the equal monthly payment amount for loan. Select cell "B7” and type following formula. Let us now calculate the monthly due payment amount using PMT function and then we can calculate total amount of the payments and interest based on the monthly payment. Follow this tutorial to learn more on PMT function. Microsoft Excel PMT function can be easily used to get total loan payment per period assuming equal payment and constant interest rate. Use Excel PMT () function to calculate loan payment Setup the excel worksheet as follows for input values. Let us consider a simple example of comparison of loan payment calculations with respect to different interest rates.Assume that you borrowed $10000.00 for a period of 24 months to be settled by 24 equal monthly payments. Loan payment calculation example to understand the one variable data table in excel We can get the results for any number of calculations with respect to different values for single input cell in this type of data table.
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In this tutorial we going to learn how to use one variable data table in excel which is also called as one-way data table.In one variable data tables, we can have a set of outcomes with respect to the different values for a specific variable of a formula. Microsoft Excel data table option supports one variable or two variable evaluation options. This is more or less a table like format where the formulas and the set of values for changing variable or input cell are located in header column and header row. What if Analysis is the process of changing the values in specific cells to observe how that change affect the outcome of formulas within worksheet which are dependent on the changing variable.ĭata tables can be used to get a set of outcomes for selected formulas for different values for a given variable or input cell values and present it within a cell range. Introduction to the Microsoft Excel Data Tableĭata table tools comes under the Microsoft Excel What If Analysis tools. If you find any issues using Data Tables in those versions, please leave a comment below. Other compatible versions are Excel for Office 365 Excel for Office 365 for Mac Excel 2016 Excel 2019 for Mac Excel 2013 Excel 2010 Excel 2007 Excel 2016 for Mac Excel for Mac 2011. This tutorial created using Microsoft Excel 2016.
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