Hi,
I tried to amortize my mortgage and was unable to get it to work right.
I used this formula that I found in Excel's help screens:

PMT(rate,nper,pv,fv,type)

and I entered these values in it:
=PMT((6%/365)*30,360,128000,0,0)*-1

It expresses: $767 for the mortage amt.

Is this the right way to go about this?

Thanks,

Mike

ps: if anyone can point me to a templete
that would be much appreciated.

Try this link:

http://office.microsoft.com/en-us/te...CT101443641033

--
HTH,

RD

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"~Mike Hollywood" wrote in message
...
Hi,
I tried to amortize my mortgage and was unable to get it to work right.
I used this formula that I found in Excel's help screens:

PMT(rate,nper,pv,fv,type)

and I entered these values in it:
=PMT((6%/365)*30,360,128000,0,0)*-1

It expresses: $767 for the mortage amt.

Is this the right way to go about this?

Thanks,

Mike

ps: if anyone can point me to a templete
that would be much appreciated.

Hey Ragdyer,

Thanks a million! That's just what I was trying to do.

Mike


"Ragdyer" wrote in message
...
Try this link:

http://office.microsoft.com/en-us/te...CT101443641033

--
HTH,

RD

---------------------------------------------------------------------------
Please keep all correspondence within the NewsGroup, so all may benefit !
---------------------------------------------------------------------------
"~Mike Hollywood" wrote in message
...
Hi,
I tried to amortize my mortgage and was unable to get it to work right.
I used this formula that I found in Excel's help screens:

PMT(rate,nper,pv,fv,type)

and I entered these values in it:
=PMT((6%/365)*30,360,128000,0,0)*-1

It expresses: $767 for the mortage amt.

Is this the right way to go about this?

Thanks,

Mike

ps: if anyone can point me to a templete
that would be much appreciated.

You're welcome, and thank you for the feed-back.
--
Regards,

RD

---------------------------------------------------------------------------
Please keep all correspondence within the NewsGroup, so all may benefit !
---------------------------------------------------------------------------
"~Mike Hollywood" wrote in message
...
Hey Ragdyer,

Thanks a million! That's just what I was trying to do.

Mike


"Ragdyer" wrote in message
...
Try this link:


http://office.microsoft.com/en-us/te...CT101443641033

--
HTH,

RD


--------------------------------------------------------------------------
-
Please keep all correspondence within the NewsGroup, so all may benefit
!

--------------------------------------------------------------------------
-
"~Mike Hollywood" wrote in message
...
Hi,
I tried to amortize my mortgage and was unable to get it to work right.
I used this formula that I found in Excel's help screens:

PMT(rate,nper,pv,fv,type)

and I entered these values in it:
=PMT((6%/365)*30,360,128000,0,0)*-1

It expresses: $767 for the mortage amt.

Is this the right way to go about this?

Thanks,

Mike

ps: if anyone can point me to a templete
that would be much appreciated.

thanks, that was exactly what I was looking for.
Mike



"Ragdyer" wrote in message
...
Try this link:

http://office.microsoft.com/en-us/te...CT101443641033

--
HTH,

RD

---------------------------------------------------------------------------
Please keep all correspondence within the NewsGroup, so all may benefit !
---------------------------------------------------------------------------
"~Mike Hollywood" wrote in message
...
Hi,
I tried to amortize my mortgage and was unable to get it to work right.
I used this formula that I found in Excel's help screens:

PMT(rate,nper,pv,fv,type)

and I entered these values in it:
=PMT((6%/365)*30,360,128000,0,0)*-1

It expresses: $767 for the mortage amt.

Is this the right way to go about this?

Thanks,

Mike

ps: if anyone can point me to a templete
that would be much appreciated.