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#1
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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 new monthly payment I have to manually change PER in the formula. I'm using Excel 2003. Is there any easier way to do this?- |
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#2
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If you're creating a payment (amortization) table, you can have a column of
numbers for the payments (say 1 through 180 for a 15-year mortgage); then you can set PER equal to the cell address. NPER will be a constant, which you can enter in a cell and assign an absolute address (like $a$4). Chuck |
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#3
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Use Chuck's method or look at the other post, I have answered your question there. -- Morrigan ------------------------------------------------------------------------ Morrigan's Profile: http://www.excelforum.com/member.php...fo&userid=7094 View this thread: http://www.excelforum.com/showthread...hreadid=398800 |
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