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APR Fee Calculation
I need a formula that I can use to calculate the amount of fees and points
(in a lump sum) used in calculating the Annual Percentage Rate for a mortgage loan. I know the interest rate, the APR, the loan amount, the payment amount, and the term of the loan. Any help is appreciated, Thank you! |
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#2
Posted to microsoft.public.excel.worksheet.functions
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APR Fee Calculation
Thanks anyway; I figured it out myself.
"tj" wrote: I need a formula that I can use to calculate the amount of fees and points (in a lump sum) used in calculating the Annual Percentage Rate for a mortgage loan. I know the interest rate, the APR, the loan amount, the payment amount, and the term of the loan. Any help is appreciated, Thank you! |
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