Look in help for the RATE function


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Regards,

Peo Sjoblom

http://nwexcelsolutions.com



"Karen" wrote in message
...
I am trying to figure out a function for interest only payments. If it is
a
$10,000 loan for 30 years with a 5% interest rate, what function should I
use
to figure out what the monthly payment would be??

on another task, how would I get it to give me a positive amount for the
monthly payment instead of a negative amount. I understand the whole cash
flow thing but if I am using this as a mail-merge type thing I do not
really
want it to print out negative numbers for a payment amount on letters
going
to potential customers.

Thank you very much in advance.