Phoenix - Your AI AssistantAccountant required to breakdown & explain in details a exce formula in simple way
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have already sent a proposal. Description
Experience Level: Intermediate
Estimated project duration: 1 day or less
General information for the business: financial institution , loans business
Accounting software: Excel
Description of support work: attached is an excel formula of a calculation of a loan. this is how the system makes a calculation , all clear until the partial payment of 3 installments happens , that's where things get unclear in terms of how did the calculation happened this part & specifically how in details the 8233.90 & 6801.27 got calculated is the most important aspect.
furthermore i need to make this excel able to accept different loan amounts & tenures while the calculation stays firm.
Extra notes: Explanation must be simple & detailed
Accounting software: Excel
Description of support work: attached is an excel formula of a calculation of a loan. this is how the system makes a calculation , all clear until the partial payment of 3 installments happens , that's where things get unclear in terms of how did the calculation happened this part & specifically how in details the 8233.90 & 6801.27 got calculated is the most important aspect.
furthermore i need to make this excel able to accept different loan amounts & tenures while the calculation stays firm.
Extra notes: Explanation must be simple & detailed
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