One of the challenges you will encounter building monthly debt schedules is the need to calculate and show interest expense in each month, and then reflect the payment of interest at the end of the quarter. This video provides a helpful approach.
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The template used in the video is available for download: Monthly Debt Schedule
What you will learn in this video:
1. How to use =MOD() in an =IF() statement to calculate quarterly interest payments.
2. Multiple uses of the =OR() function.