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Posted to microsoft.public.excel.worksheet.functions
Beth Beth is offline
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Default Mortgage with Quarterly Capitalisation & Monthly Payments

Hello

Is there a function I can use in Excel to calculate the payment on a
mortgage where;

1. Interest is calculated daily but capitalised quarterly
2. Payments are made monthly

I have used the PMT function but it does not take into account that the
interest is daily.

Any help would be appreciated.
Thank you