Can excel calculate a loan payment with a balloon at the end?
 

Im trying to use excel to calculate a loan payment under the flowing
parameters; some number of equal consecutive monthly payments followed by a
residual or €œballoon€� due at the end of the term. Will excel do this and if
so how?

Can excel calculate a loan payment with a balloon at the end?
 

Yes it will. Use the PMT function, as in:

=pmt(intrate/12,years*12,loan,-balloon)

--
Regards,
Fred


"Darren @ Vermeer" <Darren @ wrote in message
...
I'm trying to use excel to calculate a loan payment under the flowing
parameters; some number of equal consecutive monthly payments followed by a
residual or "balloon" due at the end of the term. Will excel do this and if
so how?

Can excel calculate a loan payment with a balloon at the end?
 

"Fred Smith" wrote:

Yes it will. Use the PMT function, as in:

=pmt(intrate/12,years*12,loan,-balloon)

--
Regards,
Fred


"Darren @ Vermeer" <Darren @ wrote in message
...
I'm trying to use excel to calculate a loan payment under the flowing
parameters; some number of equal consecutive monthly payments followed by a
residual or "balloon" due at the end of the term. Will excel do this and if
so how?