Try this. It should work. Payments will change as you pluck in different
options

1 b c d e
2 Rate Months Years Loan amount
3 8.00% 360 30 300000
4
5 ($2,186.72)

Cell c3= d3*12
Formula cell b5=pmt(b3/12,c3,e3,0,1) 1 at the end varies depending on
payments at the end or beginning of the month.

Good luck

--
Alex


"Tom Ogilvy" wrote:

http://office.microsoft.com/en-us/te...566201033.aspx

--
Regards,
Tom Ogilvy

"Tom" wrote in message
...
Niek,

Thank you. However, I am still on Microsoft Excel 2000. Is there anyway
to
download or upgrade to 02, or is there a way to still use 2000?

Thanks,

"Niek Otten" wrote:

Look he

http://office.microsoft.com/en-us/as...spx?mode=print

--
Kind regards,

Niek Otten
Microsoft MVP - Excel

"Tom" wrote in message
...
|I am researching several housing options and instead of using my
financial
| calculator to determine payments I would like to use excel to account
for the
| variables to buying a home. I am sure there is an easy way to do this,
but
| as of yet I cannot discover it.
|
| I have used the Fx menu and selected the PMT option. In this instance
I
| have simply put cell numbers in place so that Ican look at different
| variables and how they would effect the mortgage payment. So far, I am
off
| by a factor of 100 (give or take) when I solve for PMT.
|
| Any specific advice on what I can do in order to use excel for
myevaluation
| tool?