Comments on: The Latest Addition http://www.bretwhissel.net/blog/2010/06/the-latest-addition/ Curiosities of a Rambling Mind Fri, 27 Jan 2012 06:34:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bret Whissel http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-365 Bret Whissel Mon, 09 Jan 2012 04:24:53 +0000 http://www.bretwhissel.net/blog/?p=255#comment-365 Hi, Jack. The details of making such a thing work would have to be spelled out ahead of time, as there are any number of ways one might legitimately resolve the unpaid balance. I don't really know how lending entities might choose to work out these sorts of problems since I'm not in the industry. It is not a true amortization if there is not a fixed termination to the payback schedule, and under these conditions, the spreadsheet can only be a starting point. As it's a very different problem you are trying to solve, I don't think I can be of much assistance beyond the info that's already provided. Best wishes! Hi, Jack. The details of making such a thing work would have to be spelled out ahead of time, as there are any number of ways one might legitimately resolve the unpaid balance. I don’t really know how lending entities might choose to work out these sorts of problems since I’m not in the industry. It is not a true amortization if there is not a fixed termination to the payback schedule, and under these conditions, the spreadsheet can only be a starting point. As it’s a very different problem you are trying to solve, I don’t think I can be of much assistance beyond the info that’s already provided.

Best wishes!

]]> By: Jack97302 http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-364 Jack97302 Sun, 08 Jan 2012 22:08:05 +0000 http://www.bretwhissel.net/blog/?p=255#comment-364 Hi Bret, I, too, would like to join the others in saying "thankyou" for creating such a useful tool and allowing everyone to use it for free! I notice on your current simple interest spread sheet, a balloon payment is calculated if the full payment was not made somewhere along the line. I have been searching the web for a compound interest loan calculator that will allow the payment amount to be variable. If a payment is skipped or additional principal is paid, the calculator will recalculate the future payments so there will not be a balloon payment on the last scheduled payment date. Is this something you could help me with? Thank you! Hi Bret,

I, too, would like to join the others in saying “thankyou” for creating such a useful tool and allowing everyone to use it for free!

I notice on your current simple interest spread sheet, a balloon payment is calculated if the full payment was not made somewhere along the line.

I have been searching the web for a compound interest loan calculator that will allow the payment amount to be variable. If a payment is skipped or additional principal is paid, the calculator will recalculate the future payments so there will not be a balloon payment on the last scheduled payment date.

Is this something you could help me with?

Thank you!

]]> By: Bret Whissel http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-351 Bret Whissel Mon, 14 Nov 2011 13:34:03 +0000 http://www.bretwhissel.net/blog/?p=255#comment-351 Hi, Cathi. Yes, there is an amortization calculator which can generate an amortization schedule for you. If you click "Calculator" in the blog menu headings, the first link is "Amortization Calculator", which takes you right there. Hi, Cathi. Yes, there is an amortization calculator which can generate an amortization schedule for you. If you click “Calculator” in the blog menu headings, the first link is “Amortization Calculator”, which takes you right there.

]]> By: Cathi http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-350 Cathi Sat, 12 Nov 2011 23:07:23 +0000 http://www.bretwhissel.net/blog/?p=255#comment-350 Is there really an amortization schedule on your blog? I've searched several times, looked at most/all of the categories, and do not find the amortization schedule. If there is one, would you please tell me how to access it? Thanks for any help you can give! /Cathi Is there really an amortization schedule on your blog? I’ve searched several times, looked at most/all of the categories, and do not find the amortization schedule. If there is one, would you please tell me how to access it? Thanks for any help you can give! /Cathi

]]> By: lisawhir http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-303 lisawhir Fri, 13 May 2011 17:12:31 +0000 http://www.bretwhissel.net/blog/?p=255#comment-303 Hi Bret, Just getting back to this project. A quick follow-up, it worked great on a Windows computer, but it stops at payment 81 on a Mac computer. I'm guessing it's just a compatibility issue. Lisa Hi Bret,

Just getting back to this project. A quick follow-up, it worked great on a Windows computer, but it stops at payment 81 on a Mac computer. I’m guessing it’s just a compatibility issue.

Lisa

]]> By: lisawhir http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-299 lisawhir Thu, 28 Apr 2011 20:31:27 +0000 http://www.bretwhissel.net/blog/?p=255#comment-299 Hi back to ya Bret! Unfortunately I hadn't slept in about 30 hours when I was trying to work on this. I finished entering the information out to payment number 104 and printed the spreadsheet. I'm going to go back over it with re-energized brain cells at a later time. I'll let you know if it was operator error on my part. :) Thanks again, your quick response is as fantastic as your website! It's nice to have people in the world like you. Take care! Lisa Hi back to ya Bret! Unfortunately I hadn’t slept in about 30 hours when I was trying to work on this. I finished entering the information out to payment number 104 and printed the spreadsheet. I’m going to go back over it with re-energized brain cells at a later time. I’ll let you know if it was operator error on my part. :)

Thanks again, your quick response is as fantastic as your website! It’s nice to have people in the world like you.

Take care! Lisa

]]> By: Bret Whissel http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-298 Bret Whissel Thu, 28 Apr 2011 03:24:35 +0000 http://www.bretwhissel.net/blog/?p=255#comment-298 Hi, Lisa. I'm afraid I can't offer much help with the information you've provided. The spreadsheet has a lot of formulae buried in the cells, so my guess is that somewhere along the way, one of those cells got replaced with a value that broke the calculations. Or perhaps there was a flaw in the spreadsheet that I haven't caught yet. Unfortunately, I can't tell you how to fix it since I don't really know what's broken. But since you know the row where things seem to stop working, poke around the surrounding cells to see if you can identify any disruption in the patterns. You may need to find yourself a local Excel guru to help you with this. Good luck! Hi, Lisa. I’m afraid I can’t offer much help with the information you’ve provided. The spreadsheet has a lot of formulae buried in the cells, so my guess is that somewhere along the way, one of those cells got replaced with a value that broke the calculations. Or perhaps there was a flaw in the spreadsheet that I haven’t caught yet. Unfortunately, I can’t tell you how to fix it since I don’t really know what’s broken. But since you know the row where things seem to stop working, poke around the surrounding cells to see if you can identify any disruption in the patterns. You may need to find yourself a local Excel guru to help you with this.

Good luck!

]]> By: lisawhir http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-297 lisawhir Thu, 28 Apr 2011 02:48:59 +0000 http://www.bretwhissel.net/blog/?p=255#comment-297 I have a question/comment, but first wanted to say "WOW!" Your site is amazing! I can barely spell Excel, let alone create anything in it. So, I would like to echo the comments above ... thank you! I saved the amortization calculator and I'm trying to figure "money owed" retrospectively, 104 months back. After about the 50th entry, it seems whatever formula is being used stops. This is very complicated (to me anyway) because the person that owed the money paid very sporadically, sometimes missing 9 out of 12 months of payments or an entire year. Is there a way for me to continue the formula? Any suggestions on how to calculate this accurately would be appreciated. Thanks, Lisa I have a question/comment, but first wanted to say “WOW!” Your site is amazing! I can barely spell Excel, let alone create anything in it. So, I would like to echo the comments above … thank you!

I saved the amortization calculator and I’m trying to figure “money owed” retrospectively, 104 months back. After about the 50th entry, it seems whatever formula is being used stops. This is very complicated (to me anyway) because the person that owed the money paid very sporadically, sometimes missing 9 out of 12 months of payments or an entire year.

Is there a way for me to continue the formula? Any suggestions on how to calculate this accurately would be
appreciated. Thanks, Lisa

]]> By: Bret Whissel http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-296 Bret Whissel Wed, 20 Apr 2011 01:59:58 +0000 http://www.bretwhissel.net/blog/?p=255#comment-296 Hi, Gary. Thanks for the compliments! Flexibility was indeed what I wanted for my own use, so I'm happy that others have also found it helpful. Best wishes! Hi, Gary. Thanks for the compliments! Flexibility was indeed what I wanted for my own use, so I’m happy that others have also found it helpful. Best wishes!

]]> By: skyking9690 http://www.bretwhissel.net/blog/2010/06/the-latest-addition/comment-page-1/#comment-295 skyking9690 Wed, 20 Apr 2011 00:16:42 +0000 http://www.bretwhissel.net/blog/?p=255#comment-295 Thank you so much for developing this Amortization Calculator and accompanying schedule. It's more user-friendly than others I've come across and extremely flexible in allowing you to calculate various amounts by leaving whatever amounts blank that you want it to calculate. I've used it both in my personal finances and at work to assist real estate clients. Gary Thank you so much for developing this Amortization Calculator and accompanying schedule. It’s more user-friendly than others I’ve come across and extremely flexible in allowing you to calculate various amounts by leaving whatever amounts blank that you want it to calculate. I’ve used it both in my personal finances and at work to assist real estate clients.
Gary

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