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do I have to manually change PER to amortize a loan out 40 years?
I'm amortizing 40-year notes using PPMT to calculate the principal payment.
For each monthly payment I have to manually change PER in the formula to update the schedule. Is there another way to do this? I'm using Excel 2003. |
#2
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You can replace PER with ROW() if 1st payment being on row1, or ROW()-1 if payment being on row2, etc. ldk Wrote: I'm amortizing 40-year notes using PPMT to calculate the principal payment. For each monthly payment I have to manually change PER in the formula to update the schedule. Is there another way to do this? I'm using Excel 2003. -- Morrigan ------------------------------------------------------------------------ Morrigan's Profile: http://www.excelforum.com/member.php...fo&userid=7094 View this thread: http://www.excelforum.com/showthread...hreadid=398787 |
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