LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1   Report Post  
Posted to microsoft.public.excel.worksheet.functions
external usenet poster
 
Posts: 202
Default PMT function question

I have a question regarding the PMT funtion. Example: loan amount = 10000,
Annual % rate is 7.5%, term is 5 years, payments per year is 12.
The regular function would be: PMT(%/12, 5*12,-10000)

How do you set this up using daily interest instead of monthly interest with
a monthly payment.

Or, is the PMT function the correct function to use??
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
IF Function Question Michelle A Excel Worksheet Functions 3 July 22nd 08 02:42 AM
IF function question JE Excel Worksheet Functions 1 June 3rd 08 06:40 PM
FUNCTION QUESTION joseph robert Excel Discussion (Misc queries) 5 March 19th 07 04:11 PM
IF function Question Machineman Excel Worksheet Functions 5 November 26th 06 11:48 PM
Function question Tim Excel Discussion (Misc queries) 10 February 23rd 06 12:11 PM


All times are GMT +1. The time now is 11:39 AM.

Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 ExcelBanter.
The comments are property of their posters.
 

About Us

"It's about Microsoft Excel"