Interest Formula
Hi Thanks for your help
"Domenic" wrote:
Have a look at...
PPMT
and
IPMT
Hope this helps!
In article ,
"Allan" wrote:
Does anyone know of a formula that will calculate the amount of interest that
is in each instalment of a monthly repayment. Eg amount of borrowing £5000
repayment over 3 years interest (say) 7%. What is the capital element and the
interest element of each instalment.
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