Mortgage calculation after a large extra payment
=-PMT(0.05625/12,360,260000)-0.05625/12*(260000*(1-(1-(1+0.05625/12)^17)/(1-(1+0.05625/12)^360))-25000)
Perhaps we could merge Excel's PMT function into your excellent equation
from above.
= r * (((r + 1) ^ n * s) / ((r + 1) ^ 360 - 1) + xp)
Here's the vba version if the op wishes to follow...
Sub Demo()
'// Dana DeLouis
Dim r, n, s, xp
r = 0.05625 / 12
s = 260000
xp = 25000
n = 17
Debug.Print _
r * (((r + 1) ^ n * s) / ((r + 1) ^ 360 - 1) + xp)
' 418.144224788268
End Sub
--
HTH. :)
Dana DeLouis
Windows XP, Office 2003
"Dave Dodson" wrote in message
ups.com...
=-PMT(0.05625/12,360,260000)-0.05625/12*(260000*(1-(1-(1+0.05625/12)^17)/(1-(1+0.05625/12)^360))-25000)
Dave
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