How do I Change Amortization to 360 Day

[Confused]

I have office 2000 and need to change the amortization calculator to 360 day,
the default is 365 day. Is this an option?

 

[Gordon]

I have office 2000 and need to change the amortization calculator to 360
day,

Interesting - why would you want to do that?

 

[Confused]

Commercial debt is calculated on 360 day

Interesting - why would you want to do that?

 

[Gordon]

Commercial debt is calculated on 360 day

That's a US custom presumably? certainly not in the UK.....

 

[Confused]

Yes, US...any idea how to fix it in excel?

That's a US custom presumably? certainly not in the UK.....

 

[Gordon]

Yes, US...any idea how to fix it in excel?

I always understood that amortization of a loan is just written off on a
straight-line basis....just charge your P&L the loan amount divided by
360.....

 

[Echo S]

Which template are you using? A link to it would be helpful.

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