| Home |
| Search |
| Today's Posts |
|
#1
|
|||
|
|||
PMT Function
If I use the PMT function the montly instalment does not agree using
traditional maths. e.g. £10000.00 loan over 48 months @ 8% per annum. i.e £10000.00 x 8% x 4 = £4800.00 interest Total Loan amount = £10000.00 + £4800.00 interest = £14800.0 Monthly instalment = £14800.00/48 = £275.00 Using the PMT function i.e. =PMT(8%/12,48,£10000.00) gives a monthly figure of £244.13 Please advise where I am going wrong Thanks |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| Date & Time | New Users to Excel | |||
| Hyperlinks using R[1]C[1] and offset function in its cell referenc | Excel Worksheet Functions | |||
| Conversion | Excel Worksheet Functions | |||
| HOW CAN I GET OFFICE 2003 EXCEL BASIC TO NEST FUNCTIONS LIKE EXCE. | Excel Worksheet Functions | |||
| Find a Function to use accross different worksheets | Excel Worksheet Functions | |||
Threaded Mode
