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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 balloon due at the end of the term. Will excel do this and if so how? |
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#2
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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? |
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#3
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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? |
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