{"id":14599,"date":"2023-01-30T12:36:52","date_gmt":"2023-01-30T12:36:52","guid":{"rendered":"https:\/\/officetuts.net\/excel\/?p=14599"},"modified":"2024-02-19T14:52:16","modified_gmt":"2024-02-19T14:52:16","slug":"calculate-the-original-loan-amount","status":"publish","type":"post","link":"https:\/\/officetuts.net\/excel\/formulas\/calculate-the-original-loan-amount\/","title":{"rendered":"Calculate the Original Loan Amount in Excel"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-3e42df7e-8c03-487b-a68c-9599ea77b7de\" href=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/Calculate-an-Original-Loan-Amount-in-Excel.xlsx\">Calculate-an-Original-Loan-Amount-in-Excel<\/a><a href=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/Calculate-an-Original-Loan-Amount-in-Excel.xlsx\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-3e42df7e-8c03-487b-a68c-9599ea77b7de\">Download File<\/a><\/div>\n\n\n\n<p>A loan has four main elements: the amount, the interest rate, the loan term or the number of periodic payments, and the payment amount per period. We can use the Excel built-in <strong>PV <\/strong>function to calculate the original loan amount given the other three elements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Excel PV Function<\/h2>\n\n\n\n<p>The PV function calculates the present value of a loan: the total amount a sequence of future payments is worth now, and it has the following syntax:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"209\" height=\"69\" src=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-1.png\" alt=\"\" class=\"wp-image-14600\"\/><\/figure>\n\n\n\n<p>The PV function has the following arguments:<\/p>\n\n\n\n<ul>\n<li><strong>Rate <\/strong>This argument is required, and it is the interest rate per period.<\/li>\n\n\n\n<li><strong>Nper <\/strong>This argument is mandatory, and it is the total number of payment periods.<\/li>\n\n\n\n<li><strong>Pmt <\/strong>This is a required argument, which is the payment amount paid each period.<\/li>\n\n\n\n<li><strong>Fv <\/strong>This argument is optional. It is the future value or cash remainder you want to achieve after making the last payment. If we omit it, the default value of 0 (zero) is assumed.<\/li>\n\n\n\n<li><strong>Type <\/strong>This argument is optional. It is either number 1 or 0, indicating when payments are due. The value 1 indicates that payments are due at the start of the period, and 0 (or omitted) shows that payments are due at the end.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Example Dataset<\/h2>\n\n\n\n<p>We use the following example dataset that shows the interest rate, payment periods, and payment per period to explain how to calculate the original loan amount using the PV function.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"399\" height=\"184\" src=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-2.png\" alt=\"\" class=\"wp-image-14601\" srcset=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-2.png 399w, https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-2-300x138.png 300w\" sizes=\"(max-width: 399px) 100vw, 399px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Calculate the Original Loan Amount<\/h2>\n\n\n\n<p>We calculate the original loan amount using the steps below:<\/p>\n\n\n\n<ol>\n<li>Select cell B7 in the example dataset and type in the formula below:<\/li>\n<\/ol>\n\n\n\n<pre class=\"wp-block-code\"><code>=PV(B3\/12,B4,B5)<\/code><\/pre>\n\n\n\n<p><strong>Note:<\/strong> The annual interest rate in cell B3 is divided by 12 to determine the monthly interest rate.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"405\" height=\"187\" src=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-3.png\" alt=\"\" class=\"wp-image-14602\" srcset=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-3.png 405w, https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-3-300x139.png 300w\" sizes=\"(max-width: 405px) 100vw, 405px\" \/><\/figure>\n\n\n\n<ol start=\"2\">\n<li>Press Enter<\/li>\n<\/ol>\n\n\n\n<p>The original loan amount of $6,603.82 is displayed in cell B7.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"403\" height=\"187\" src=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-4.png\" alt=\"\" class=\"wp-image-14603\" srcset=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-4.png 403w, https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/word-image-14599-4-300x139.png 300w\" sizes=\"(max-width: 403px) 100vw, 403px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>This tutorial showed how to calculate the original loan amount in Excel using the PV function. We hope you found the tutorial helpful.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A loan has four main elements: the amount, the interest rate, the loan term or the number of periodic payments, and the payment&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[170],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Calculate the Original Loan Amount in Excel<\/title>\n<meta name=\"description\" content=\"Learn how to use Excel&#039;s PV function to calculate the original loan amount given the interest rate, payment periods, and payment per period.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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