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SteveG
 
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Default monthly ppmt calculated in 1 cell for year


Try the cumulative principle function.

=CUMPRINC(6%/12,60,10000,1,12,1)


This is a $10000 loan with a 6% interest paid monthly for 60 months. 1
and 12 represent the first period and the last one in the formula means
that the payments are made at the beginning of the periods. If
payments are made at the end of the period use 0.

HTH

Steve


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