Excel

AMORLINC: Excel Formulae Explained

How do you use AMORLINC in Excel?

AMORLINC is an Excel add-in that allows you to quickly and easily calculate the amortization of a loan. To use it, simply enter the loan amount, the interest rate, and the number of years the loan will be amortized for. AMORLINC will then calculate the monthly payment and the amount of interest paid each month. It will also show the remaining balance of the loan at the end of each month.

What is the syntax of AMORLINC in Excel?

The syntax of the AMORLINC function in Excel is as follows:

AMORLINC(rate,nper,pmt,pv,fv,type)

Where:

rate is the interest rate per period nper is the number of periods pmt is the payment amount per period pv is the present value fv is the future value type is the payment type (0 for annuity, 1 for installment loan)

What is an example of how to use AMORLINC in Excel?

An example of how to use AMORLINC in Excel is to input the list of data that you want to analyze into a spreadsheet, and then use the AMORLINC function to calculate the average margin of victory for each team. After the function has been applied, the spreadsheet will show a column of data that displays the average margin of victory for each team.

When should you not use AMORLINC in Excel?

There are a few occasions when you should not use AMORLINC in Excel. One instance is if you are working with a large data set. AMORLINC can become very slow when working with large data sets. Another time you should not use AMORLINC is if you are trying to calculate the average of a large number of values. This is because AMORLINC can only calculate the average of the first 300 values. If you have more than 300 values, you should use the AVERAGEIF function.

What are some similar formulae to AMORLINC in Excel?

AMORLINC is a formula used in Excel to calculate the present value of an annuity. There are several similar formulae in Excel that can be used to calculate the present value of an annuity. The PV function in Excel can be used to calculate the present value of an annuity. The PMT function in Excel can be used to calculate the monthly payment for an annuity. The RATE function in Excel can be used to calculate the interest rate for an annuity. The FV function in Excel can be used to calculate the future value of an annuity.

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