Calculate Interest on a Revolving Line of Credit in Excel

27 Просмотры

Спасибо! Поделитесь с друзьями!

Вам не понравилось видео. Спасибо за то что поделились своим мнением!

Издатель Jul 12, 2025

Learn how to calculate interest on a revolving line of credit using a simple, automated Excel spreadsheet.
In this short video, I walk you through:
Setting up a daily loan balance table
Calculating the Average Daily Balance
Applying the daily interest formula used by banks and credit cards
Understanding how payments and draws impact your interest costs
Whether you’re managing a business credit line or want better control over personal loan costs, this template gives you full visibility and flexibility.

➡️ DOWNLOAD THE FREE Rotating Loan & Line of Credit Interest Calculator⬅️
To download the Excel spreadsheet discussed in this video, please follow the steps below.
Instructions:
1. Click the Link: https://docs.google.com/spreadsheets/d/1tsDsUtCtFBqsFpT_f30ApSpy4Myl3UsN/edit?usp=sharing&ouid=112934880298982104184&rtpof=true&sd=true
2. Preview the File: The link will open in your browser, showing you a preview of the spreadsheet. You cannot edit it in this view.
3. Download Your Editable Copy: In the top-right corner of the screen, you will see a download icon (an arrow pointing down). Click this icon.
The Excel file will save to your computer's "Downloads" folder. You can then open it with Microsoft Excel, Google Sheets, or another compatible program to use and edit your own personal copy! Good Luck!