Interest on Credit Sales Calculator

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

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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 the financing period
The template is a 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 user-friendly.
If you have any inquiries, need help with modifications or to customize the model for your business case, please reach me through: [email protected]

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