Cumulative interest calculation
Hi,
I need to calculate total loan interest for each month, and every loan was originated in different month. See below example, five loans were originated in different months and amount, and they have same interest % for each life period( i.e. loan x period 1 interest % is 1.058%, loan y period 1 interest % is also 1.058%)
Loan amount, origination month and interest % for each period are input. Any idea if I can just have "Loan total interest" line item in a module to do all the cal from line 1 to line 5?
Thanks
Jay
Best Answer
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To follow up from Rob, when coming from Excel its important to think about how to transition to multi-dimensionality, like here where you have 5 lines in Excel with calculations on each line. In Anaplan we can have one calculation applied to a list of 5 items instead.
here's a couple of short courses, the first one here is what Rob has described to use for your cumulative interest:
Understanding Top Level - Anaplan Community
Manually Adding and Organizing Lists - Anaplan Community0
Answers
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@xzhan252 Try using "CUMULATE" Function.
https://help.anaplan.com/en/005a5a59-bb08-45e1-a4b2-6e658bad9832-CUMULATE
AB
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Are Lines 1 through 5 the loans? And if so, is that a list? If yes to both of those, can't you just put a top level on the Loan list where it will aggregate every the loans by month for you?
Rob
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