Interest on Credit Sales Calculator

General overview

 The template is constructed to calculate the credit sales for all industries but mainly used for cars, light and heavy equipment

The template helps the user to calculate the interest on the financing amount (selling price – down payment)

This model is very simple to use by simply recording the down payment and interest on credit sales as well as financing period

The template is fully-editable / customizable model

Inputs

• Update the general info in the Front Page
• Enter the selling price
• Enter the current year
• Select the month
• Enter the down payment %
• Enter the interest rate per annum
• Select the financing period

Outcome             

•  Interest amount by month
• Total interest
• Monthly payment
• Loan balance every month

Conclusion and customization

 Highly versatile, very sophisticated financial template and friendly user

If you have any inquiry, please contact us