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name
 
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Default monthly ppmt calculated in 1 cell for year


I'm trying to calculate *annual* principal portion of a *monthly* loan
payments using only one cell. For example, the cell for year one would
be the sum of ppmt(monthly_interest_rate,i,60,loan_amount) where i is
1-12.

Any thoughts on how this can be done? Is there some sort of loop
function in excel?


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