Loan-calculation information is an important financial function when dealing with customer payment information. Excel provides built-in functionality for calculating loan terms including payments, principal, and so on. However, Excel requires the information to be entered into a worksheet.
In this recipe, you will learn how to create a standalone application that can be used as a loan calculator for calculating loan terms to be used elsewhere within the Excel workbook.
We will begin by adding a UserForm to the current worksheet that will prompt the user for the parameters of the loan: