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#1
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Need HELP! Solve for mortgage interest rate with following variabl
How can I solve for the interest rate on a mortgage with only the following
variables: Principle Balance Montly Payment Term |
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#2
Posted to microsoft.public.excel.worksheet.functions
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Need HELP! Solve for mortgage interest rate with following variabl
Have a look in Help for RATE
But remember if you pay monthly then you must enter the number of payment (NPER) as years*12 That PV (the amount of the loan) is a positive value (it went INTO your pocket - momentarily) while PMT is a negative value (it comes OUT of your pocket monthly) And the rate will be monthly; multiply by 12 to get annual OR Google for: template mortgage excel best wishes -- Bernard V Liengme Microsoft Excel MVP www.stfx.ca/people/bliengme remove caps from email "Robalo" wrote in message ... How can I solve for the interest rate on a mortgage with only the following variables: Principle Balance Montly Payment Term |
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#3
Posted to microsoft.public.excel.worksheet.functions
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Need HELP! Solve for mortgage interest rate with following var
Thank You! I missed multipling by 12 to get Annual.... PERFECT
"Bernard Liengme" wrote: Have a look in Help for RATE But remember if you pay monthly then you must enter the number of payment (NPER) as years*12 That PV (the amount of the loan) is a positive value (it went INTO your pocket - momentarily) while PMT is a negative value (it comes OUT of your pocket monthly) And the rate will be monthly; multiply by 12 to get annual OR Google for: template mortgage excel best wishes -- Bernard V Liengme Microsoft Excel MVP www.stfx.ca/people/bliengme remove caps from email "Robalo" wrote in message ... How can I solve for the interest rate on a mortgage with only the following variables: Principle Balance Montly Payment Term |
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