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Posted to microsoft.public.excel.worksheet.functions
AFQ
 
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Default Canadian Mortgage Formula


I have created a monthly Canadian ammortization excel spreadsheet, but I
am unable to figure out how to change the it in order to have
semi-monthly, bi-weekly, or weekly schedules. My monthly formula is:

=PMT((1+A/2)^(1/6)-1,B,-C)

A=interest rate
B=payments
C=principal amount

Can anybody help me? email:

Thank you.
Alan B.


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