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Biweekly Payments On A Loan Using Pmt Function

I wanted to figure how much my savings would be on a loan if I made biweekly
payments instead of monthly payments. Example: if the regular monthly
payment was $1,231, I would make two payments of $615 instead. How can I
determine how much I will save in interest with option 2?

loan amount:200,000
The above amounts are what I used to determine the monthly payment of $1231,
which multiplied out will have me repaying $443,160 over the life of the
loan. How much interest would I be saving making the biweekly payments is
what I want to figure out? Can anyone help?

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A previous poster explained what I also need; there were no responses,
so I thought I would try again.

Does anyone know of an Excel template--or a small stand-alone
program--that will calculate the interest/principal breakdown when
payments are varied in amount and frequency? Free or low-cost, please.
I need one that will work on my Mac/Office 2004. I will need to print
out periodic reports.

Here is the way the previous poster described it:
"Excel template: Loan Amortization for random/irregular payments,
figures days
between payment dates.
I have a loan with a variable beginning balance and irregular payments
annual large payment. (based on collections)
Would like to enter payment and date.
then Excel would figure days since last payment, interest amount,
amount, Ending Principal balance.
And total interest paid, total pricipal paid
If I change the starting principal, excel would recalculate all

Thanks very much.

Dear Sir,

If any one could give me a solution for this its will be a great help for me.

I am working in a bank and on every day we receive Month to date data of Loans and advances made by every branch with Region wise total and manager wise total. With Sum of loan and count of loan. In our MIS format the in A coulum branches are sorted and listed in a sequence with sub total Region. I have data where if if do the pivot and change the data the out put should be displayed accordingly in the MIS format. Can any one help me how can we do this or is there any other office addins/softwares are available if so the data is changed on a daily basis and if we do the pivot it will automatically copy the data to the MIS format.



Please help!!!
We have a client who will pay using the 1/4, 1/2/ and 3/4 of an hour increments as follows:

From the hour mark to 6 minutes = 0 time paid
Over 7 minutes to 15 minutes = 1/4 hour 15
16 minutes to 30 minutes = 1/2 hour 30
30 minutes to 45 minutes = 3/4 hour 45
46 minutes to 60 minutes = one hour.

They work on shifts and the operation is 24 hours. Each gets 30 minutes for breaks which is not paid. Pay is biweekly and overtime is anything over 40 hours. Currently, the template we are using looks like this (sorry, I could not figure out how to paste it so you can see it in Excel layout):
WEEK 1 Sunday Monday Tuesday Wednesday Thursday Friday Saturday
5/16 5/17 5/18 5/19 5/20 5/21 5/22
TIME IN Total Hours First Week
HOURS WORKED-OR- choose one
PAID HOLIDAY (not worked)

I am very new to Excel and need help creating a formula that will allow us to calculate this timesheet? I am in desperate need for help.


I am using below code, but it only untill 19,999. Amount from 20,000 and above only show thousand? Please help!

For 19,999 it show
Ringgit Malaysia : Nineteen Thousand Nine Hundred NinetyNine Only

For 20,000 and above it show
Ringgit Malaysia : Thousand Only

Code as below:

Function SpellNumber(amt As Variant) As Variant
Dim FIGURE As Variant
Dim LENFIG As Integer
Dim i As Integer
Dim WORDs(19) As String
Dim tens(9) As String
WORDs(1) = "One"
WORDs(2) = "Two"
WORDs(3) = "Three"
WORDs(4) = "Four"
WORDs(5) = "Five"
WORDs(6) = "Six"
WORDs(7) = "Seven"
WORDs(8) = "Eight"
WORDs(9) = "Nine"
WORDs(10) = "Ten"
WORDs(11) = "Eleven"
WORDs(12) = "Twelve"
WORDs(13) = "Thirteen"
WORDs(14) = "Fourteen"
WORDs(15) = "Fifteen"
WORDs(16) = "Sixteen"
WORDs(17) = "Seventeen"
WORDs(18) = "Eighteen"
WORDs(19) = "Nineteen"

tens(2) = "Twenty"
tens(3) = "Thirty"
tens(4) = "Fourty"
tens(5) = "Fifty"
tens(6) = "Sixty"
tens(7) = "Seventy"
tens(8) = "Eighty"
tens(9) = "Ninety"

FIGURE = amt

If FIGLEN < 12 Then
End If

If Val(Left(FIGURE, 9)) > 1 Then
SpellNumber = "Ringgit Malaysia : "
ElseIf Val(Left(FIGURE, 9)) = 1 Then
SpellNumber = "Ringgit Malaysia "
End If

For i = 1 To 3
If Val(Left(FIGURE, 2)) < 20 And Val(Left(FIGURE, 2)) > 0 Then
SpellNumber = SpellNumber & WORDs(Val(Left(FIGURE, 2)))
ElseIf Val(Left(FIGURE, 2)) > 19 Then
Ntow = Ntow & tens(Val(Left(FIGURE, 1)))
SpellNumber = SpellNumber & WORDs(Val(Right(Left(FIGURE, 2), 1)))
End If

If i = 1 And Val(Left(FIGURE, 2)) > 0 Then
SpellNumber = SpellNumber & " Crore "
ElseIf i = 2 And Val(Left(FIGURE, 2)) > 0 Then
SpellNumber = SpellNumber & " Hundred "
ElseIf i = 3 And Val(Left(FIGURE, 2)) > 0 Then
SpellNumber = SpellNumber & " Thousand "
End If
Next i

If Val(Left(FIGURE, 1)) > 0 Then
SpellNumber = SpellNumber & WORDs(Val(Left(FIGURE, 1))) + " Hundred "
End If


If Val(Left(FIGURE, 2)) < 20 And Val(Left(FIGURE, 2)) > 0 Then
SpellNumber = SpellNumber & WORDs(Val(Left(FIGURE, 2)))
ElseIf Val(Left(FIGURE, 2)) > 19 Then
SpellNumber = SpellNumber & tens(Val(Left(FIGURE, 1)))
SpellNumber = SpellNumber & WORDs(Val(Right(Left(FIGURE, 2), 1)))
End If


If Val(FIGURE) > 0 Then
SpellNumber = SpellNumber & " And Cents "
If Val(Left(FIGURE, 2)) < 20 And Val(Left(FIGURE, 2)) > 0 Then
SpellNumber = SpellNumber & WORDs(Val(Left(FIGURE, 2)))
ElseIf Val(Left(FIGURE, 2)) > 19 Then
SpellNumber = SpellNumber & tens(Val(Left(FIGURE, 1)))
SpellNumber = SpellNumber & WORDs(Val(Right(Left(FIGURE, 2), 1)))
End If
End If
FIGURE = amt
If Val(FIGURE) > 0 Then
SpellNumber = SpellNumber & " Only "
End If
End Function

Entering time values in custom format [h]:mm:ss
Cells accept hours over 23,
Adding cells in column returns correct total time.
Have not found a way to multiply these cells by a $ hourly rate.
So use HOUR(cell ref) and MINUTE(cell ref) to capture values in referenced
cell - then use these values to calculate total payment for $rate per hour.
However, the HOUR(cell ref) formula returns the hours in excess of 24 when
the cell contains an hour value in excess of 23 (ie 27 hours returns 3).

I have a figure 4,929,524,832 in excel. I want excel to automatically covert this figure into millions/billions/trillions. I tried through 'format cells' but there was no option for this.

Any help?


I am using the code below to disable the save function very successafully. However, is there a work around to allow a macro to save?
Private Sub Workbook_BeforeSave(ByVal SaveAsUI As Boolean, Cancel As Boolean)

'this disables the save function on the XLS

MsgBox "****Save is Disabled****"
' Following line will prevent all saving
Cancel = True
' Following line will prevent the Save As Dialog box from showing
If SaveAsUI Then SaveAsUI = False
End Sub

Hello everyone!!!!

Here is my situation. I have been trying to learn macros but have not made one yet. Need your help. Here at work, I have some incompentant computer workers who claim they KNOW MS sooo well and have certificates etc... *COUGH COUGH* ya ok... LMAO

We have a "shared" work book we all work in. It's nothing fancy, just use it as a PO Book but since it is shared some people continue to not save before they add in more work so that they see a "refreshed" copy of the workbook before they start writing in cells that already contain information.

How to I create a macro button at the top of the page that is literally a SAVE button.. instead of them saving by going to File - Save or cntrl+s ??? I just thought that MAYBE having a big button in their face will remind them.

Secondly as back up I was wondering if you can create a macro to do a refresh of everyones screens automatically - say every 2 or 5 mins??? I don't mean a save... but a refresh so the screen actually updates in front of you. (although I will keep this little piece of magic out of their knowledge so they don't rely on it, just though it would be a secondary back up to helping eliminate these mishaps cause we are loosing alot of information by people saving overtop of other peoples work and not caring.)

Thanks so much!!!!! Muchly appriciated.

I see a formula that our Human Resources Department is using to annualize voluntary turnover.

It looks like this:


So if I substitute with some actual data:

=(6/((22+33)/2))*12/months the answer becomes 21.8% (as the annualized voluntary turnover rate).

What does the *12/months actually do mathematically? I cannot find it in the excel help files and have not been able to figure this out using math (on the calculator).

I am trying to copy balances from one worksheet to another over a total of 12
worsheets ..... this is for petty cash monthly sheets and I need a running
total over the 12 sheets.

At present I have to do this manually .... is there a formula that I can use
that will automatically carry the balances over

Thanks for your help

Hello -

I am using Excel 2007. In prior versions of excel, when copying data, if I wanted to copy visible cells only, I would select "Go To, Special, Visible Cells Only" and then copy a range a cells. The default was always set to copy everything (including hidden cells), unless I specifically selected copy visible cells only.

In 2007, the default is somehow set to always copy only visible cells. Sometimes, I want to be able to copy all cells including those hidden but cannot seem to figure out how to swith this default option. I looked under Excel Options and did not see an option there.

I don't want to have to unhide and rehide everything each time i copy. I know i could do the hiding and unhiding via VBA but would prefer not to have to.

Thanks for your suggestions.

I was wondering if there is a way of getting a macro to open the "save as" dialogue box and then have it fill in the "file name" field.

I dont want it to actually make the save though as I want the user to have the chance to check that the save location is correct and the option to change the filename if required.


Is there any way to stop a macro from running when it gets hung up and my excel is "Not Responding"? Now I have to blow it up which is not a desirable method especially when I have made changes that I wanted to save.

Hi, I'm trying to get some macros to combine data from two open workbooks, and I can't figure out the commands to switch from the active workbook to the other open workbook and back. I'm new to VBA and just learning the ropes. All I can figure out is how to switch to another workbook with an exact name. If I record the macro to go to a recent file, for example Window > 1 (filename), the code that I get in VBA is Windows("filename").Activate. This doesn't translate to when I have two different workbooks with different filenames open.

Make sense? I'm a bit confused myself. Maybe just a list of basic workbook-switching techniques or commands would be useful.

- Michael

I am trying to figure out how to write a formula to figure out production cycle time.
We will be building 8 "widgets" a day.
We will work 10 hours a day.
There is a 20 minute break at 9:20 am.
Production shuts down for lunch 30 minutes for lunch at 12:30.
Production starts at 6:00 am.
Here is what I can do.
Production cycle time = (10*60)-30/8 or 71.25 minutes
If we start at 6:00 am, the first scheduled cycle completion time = TIME(6,0,0+71.25/1440)

My problem is when I am trying to use a logical "IF' statement to account for the 20 minute break or lunch and still calculate the end of each cycle time through the day I receive a number of error messages.
This is the formula I am trying to make work. I have the cell the formula is in, formatted with a "mm,ss" format.
I have included an attachment to help (a picture is worth a thousand words).

Any help will be greatly appreciated.
I have bought a number of books in an attempt to figure this out, and I am still stumped


I have a number of different files that I often need to run a macro on. In order for me to do it on the 75-100 files I have at any given time, I need to open one, run the macro, close and save, then open the next one.

Is it possible to write a macro that will start with the first file in a folder, open it and update links, run a macro, save and close, and open the next file in the folder until it has open all the files in the folder.

I have experience with creating macros that reference different workbooks, but not sure how to go about opening files with different filenames (without referencing the exact filename).

I'd like to be able to have basic code for opening, saving and closing, opening next file, saving and closing, etc. and input the macro I'd need to run in each file in the appropriate location. Is this possible? Any help is greatly appreciated!!


I did a bit of browsing on this problem. Found others suffering the same but haven't found any conclusive answer yet.

Every so often when I attempt to save a file, (including save as), Excel won'r let me. By won't let me I mean:

using Save doesn't appear to do anything using Save As doesn't either do anything, the dialog is not displayed and if I am doing via the File menu then the File menu is exited and the previous ribbon tab is displayed (i.ethe one I was on before clicking 'File') if I close the workbook I am prompted to save, close without saving or cancel. Clicking save just invokes the same msgbox again. I can't work out when it goes into this mode. Some days I can work without this problem, other days I encounter this 2 or 3 times.

The only thing I could suspect was I think this started around about the time I installed xlDennis' code library. I have uninstalled the addin and so far so good, but I cannot categorically say that this was the cause.

Anyone have any idea?


Edit: I have read this: / /> Doesn't seem to cover the issue I describe

I'm trying to figure out what the formula is to multiply the total hours worked per week by their hourly pay for each individual. kind of like the
=Sum(I25:I32) Formula but I want to multiply the outcome of that formula by the hourly rate of 11.00, 15.00 and 16.00. Does anybody know how this can be done? If so I would greatly appreciate it.

I did a search in here but didn't find an answer so here goes nothing...

I have a spreadsheet with data from A1 to H1 down to A275 to H275. I select all of it, Copy, go into the Sheet2 tab and select A1, Paste Special -> Transpose and it give me the following error message:

The information cannot be pasted because the Copy area and the paste area are not the same size and shape. Try one of the following:
- Click a single cell, and then paste.
- Select a rectangle that's the same size and shape, and then paste.

For the life of me, I can't figure out why it's not working! I have done this many times with other spreadsheets. Has anyone ever experienced this? If so, were you able to resolve it and how?

Many Thanks,


I need to know the formula (if there is one) for Excel to figure all the possible combinations of a given set of numbers that will add up to a specified sum.

In other words, if I give the following numbers 1, 2, 2, 3, 3, 4, 5, 5, 6, 7, 7 - I want Excel to figure all the possible combinations that will add up to 23, and also SHOW ME those combinations, and not just HOW MANY combinations there are.

i.e. one possible combination is 2, 2, 3, 4, 5, 7

Can this be done? What is the formula? I'm having a hard time figuring it out!!


I'm comparing 12 cells on different sheets (in the same workbook) and need to determine if they are all an exact match to one another. Basically, I want something like exact(), but I need to compare more than two strings. Any ideas?


I need help desparately. Last night I spent several hours working on an
Excel 2002 spreadsheet and it has disappeared.

I saved it routinely as I was making many changes updates etc. I opened
original file --stuff.xls --- made changes and saved it as again as
stuff.xls. I have done this several times before.

Today, when I go to open stuff.xls, it is nowhere to be found!!!!! I have
done a search, for any file modified since Thurs and nothing has appeared. I
have checked the recycle bin, this did not go into auto recover nothing of
the like. I am just traumatized, because I have NEVER had anything like this
happen before.

I even thought perhaps I didn't save it as often as I thought, (I know that
I did) but I remembered that I saved it at least once and I can't even find
an Excel file that has been modified since Thurs!!!

Does anyone have any idea what could have happened to this file?? BTW, I
have prayed, rebooted, run spybot, called witch doctor, all with no success.

I have never had a file to just disappear with no trace. Any help would be
greatly appreciated.

Thanks in advance---

Right now I have a sports league with 8 teams, I'd like to create a random 7-game schedule where each team plays the other team only once. Essentially this will be a 7-game round robin. However, I'd like to be able to use this for any number of teams and games.

I'd like to do this in Excel, but I can't figure out how to have a randomly generating non-repeating macro with text values in cells.

So right now I have a column of 8 values and need matrix of 7 columns by 8 rows next to it.

I've found this thread that has one for numbers, but I can't figure out how to do it for text values...

/ />
Thanks all!

In Excel I have been trying to find an easier way to calculate a time
difference where the times cross midnight. Example:
Start time: 23:50:00
End time: 00:15:00

How would you formulate an equation to determine the duration of time or
differnce between the start and end time?

Morning all,

Say I had a line graph for 4 years and I wanted it to be a solid line for the first three and a dashed line for the last one, is that possible?

Many thanks for your help

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