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PMT Function Help
I have to create a formula for a monthly mortgage for $100,000.00 at 9% for
15 years. I have created 3 different formulas (using the PMT function) but can someone tell/show me if i am doing it right or what i am doing wrong? =PMT(.09/12,B16*12,-B15) = $1,014.27 Also, i have cells B15 and B16 with the input values of $100,000.00 and 15 years and i need to create a formula that must reference those two cells that will not affect my computed values in the table when it's generated. Everytime i do it, it changes my numbers. Please help me! |
#2
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PMT Function Help
Perhaps you need to use absolute references?
=PMT(0.09/12,$B$16*12,-$B$15) HTH, Bernie MS Excel MVP "ashley" wrote in message ... I have to create a formula for a monthly mortgage for $100,000.00 at 9% for 15 years. I have created 3 different formulas (using the PMT function) but can someone tell/show me if i am doing it right or what i am doing wrong? =PMT(.09/12,B16*12,-B15) = $1,014.27 Also, i have cells B15 and B16 with the input values of $100,000.00 and 15 years and i need to create a formula that must reference those two cells that will not affect my computed values in the table when it's generated. Everytime i do it, it changes my numbers. Please help me! |
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