Thread: 360/365, etc.
View Single Post
  #1   Report Post  
Posted to microsoft.public.excel.worksheet.functions
sg sg is offline
external usenet poster
 
Posts: 32
Default 360/365, etc.

I need to calculate a monthly payment but the interest method will be 365/365
or 365/360, 30/360, or 30/365. My question is - can I use the PMT function
for this? And, if so, what do I put in instead of interest rate/12 to
calculate this?

Thank you in advance.