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#1
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mortgage calculator
I wouls like to be able to work out my monthly mortgage payment (interest
only) by inputing the following details amount of loan ( figure to entered ?) term of loan (in years 1 to 25) interest rate ( current figure to be entered ie 4.75) My monthly repayment is ( display answer) Thanks for your help Julian |
#2
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Hmm...it sounds like the function IPMT function. Take a look at that. HTH -- Morrigan ------------------------------------------------------------------------ Morrigan's Profile: http://www.excelforum.com/member.php...fo&userid=7094 View this thread: http://www.excelforum.com/showthread...hreadid=386965 |
#3
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Excel's PMT function will calculate your answer for you.
-- Regards, Fred Please reply to newsgroup, not e-mail "Julian Campbell" wrote in message ... I wouls like to be able to work out my monthly mortgage payment (interest only) by inputing the following details amount of loan ( figure to entered ?) term of loan (in years 1 to 25) interest rate ( current figure to be entered ie 4.75) My monthly repayment is ( display answer) Thanks for your help Julian |
#4
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Julian Campbell Wrote: I wouls like to be able to work out my monthly mortgage payment (interest only) by inputing the following details amount of loan ( figure to entered ?) term of loan (in years 1 to 25) interest rate ( current figure to be entered ie 4.75) My monthly repayment is ( display answer) Thanks for your help Julian I have a loan calculator spreadsheet already set up to use. If you'll send me your email address, I send it to you. -- Ltat42a ------------------------------------------------------------------------ Ltat42a's Profile: http://www.excelforum.com/member.php...o&userid=24735 View this thread: http://www.excelforum.com/showthread...hreadid=386965 |
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