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Car loan payment calculations
Hi, How do we calculate the interest and payments of car loan? Any help please. Thanks Saziz -- saziz ------------------------------------------------------------------------ saziz's Profile: http://www.excelforum.com/member.php...fo&userid=6350 View this thread: http://www.excelforum.com/showthread...hreadid=538221 |
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#2
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Car loan payment calculations
To find payments: =PMT(Monthly Interest,Number of months to pay, Loan Amount,0,1) Assuming you start the payment at the beg of first month. To find the interest: =RATE(Number of months to pay,-Monthly payment,Loan Amount,0,1) -- renegan ------------------------------------------------------------------------ renegan's Profile: http://www.excelforum.com/member.php...o&userid=10450 View this thread: http://www.excelforum.com/showthread...hreadid=538221 |
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#3
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Car loan payment calculations
Thank you Renegan Saziz -- saziz ------------------------------------------------------------------------ saziz's Profile: http://www.excelforum.com/member.php...fo&userid=6350 View this thread: http://www.excelforum.com/showthread...hreadid=538221 |
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