How do I do an amortization schedule knowing the princ, int rate,.
How to get an amortization schedule knowing principle, APR, and payment
amount? I want to know how long it will take to pay off using different pmt amoynts. |
How do I do an amortization schedule knowing the princ, int rate,.
Checkout:
http://office.microsoft.com/en-us/te...197771033.aspx -- Gary''s Student "cfspahn24" wrote: How to get an amortization schedule knowing principle, APR, and payment amount? I want to know how long it will take to pay off using different pmt amoynts. |
How do I do an amortization schedule knowing the princ, int ra
This template only works when you already know the loan period.
"Gary''s Student" wrote: Checkout: http://office.microsoft.com/en-us/te...197771033.aspx -- Gary''s Student "cfspahn24" wrote: How to get an amortization schedule knowing principle, APR, and payment amount? I want to know how long it will take to pay off using different pmt amoynts. |
How do I do an amortization schedule knowing the princ, int rate,.
"cfspahn24" wrote in message
... How to get an amortization schedule knowing principle, APR, and payment amount? I want to know how long it will take to pay off using different pmt amoynts. Given: C = Principle P = Payment i = interest n = months or quarters or years, etc (i must be related to n) P - C i Log ----------- P n = ---------------------- 1 Log ---------- 1 + i I don't know how/if Excel handles this formula. For finacial calculations I do normally use mathematical formulas. Ciao Bruno |
How do I do an amortization schedule knowing the princ, int ra
Bruce's formula is correct. I am not sure if there is a direct formula that
returns period, but: put 5 in A1 (years) put 8% in B1 (rate) put 100 in C1 (payment) put 0 in D1 (type) put =PV(B1/12,A1*12,-C1,0,0) in E1 (amount financed) you will see $4,931.84 in E1. Since you want to calculate the years and not the amount financed), then click on E1 and pull-down: Tools Goal Seek... and enter your desired amount inthe value field and A1 in the changing field. You will now have the payoff time. -- Gary's Student "Bruno Campanini" wrote: "cfspahn24" wrote in message ... How to get an amortization schedule knowing principle, APR, and payment amount? I want to know how long it will take to pay off using different pmt amoynts. Given: C = Principle P = Payment i = interest n = months or quarters or years, etc (i must be related to n) P - C i Log ----------- P n = ---------------------- 1 Log ---------- 1 + i I don't know how/if Excel handles this formula. For finacial calculations I do normally use mathematical formulas. Ciao Bruno |
How do I do an amortization schedule knowing the princ, int ra
Thank you gentlmen, you have been most helpful!
"Gary''s Student" wrote: Bruce's formula is correct. I am not sure if there is a direct formula that returns period, but: put 5 in A1 (years) put 8% in B1 (rate) put 100 in C1 (payment) put 0 in D1 (type) put =PV(B1/12,A1*12,-C1,0,0) in E1 (amount financed) you will see $4,931.84 in E1. Since you want to calculate the years and not the amount financed), then click on E1 and pull-down: Tools Goal Seek... and enter your desired amount inthe value field and A1 in the changing field. You will now have the payoff time. -- Gary's Student "Bruno Campanini" wrote: "cfspahn24" wrote in message ... How to get an amortization schedule knowing principle, APR, and payment amount? I want to know how long it will take to pay off using different pmt amoynts. Given: C = Principle P = Payment i = interest n = months or quarters or years, etc (i must be related to n) P - C i Log ----------- P n = ---------------------- 1 Log ---------- 1 + i I don't know how/if Excel handles this formula. For finacial calculations I do normally use mathematical formulas. Ciao Bruno |
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