I assume the payment is monthly. Where
A1= 7208.78
A2= 60
A3= 4.771%
Try:
=PV(A3/12,A2,-A1)
See excel help for more information.
"topnotchthrillr" wrote:
Hello,
I am an accountant and we use a amortization program called Tvaule. I
was wonder if there is a fucntion that does the same. For instance, If
I wanted to get the loan amount for the following....
Payment 7208.78
Months 60
Annual interest rate 4.771
What function do i need to use and how do i use it?
Thanks
--
topnotchthrillr
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