Mortgage calculations
 

I need a formula to calculate the payments based on loan amount, interest
rate and term of the loan. This is for mortgage payments

Mortgage calculations
 

"Jeff" wrote in message
...
I need a formula to calculate the payments based on loan amount, interest
rate and term of the loan. This is for mortgage payments

Excel Formula =PMT() (see Help)


Math Formula:
pv * rate
pmt = -------------------------
1
1 - ------------------
(1 + rate) ^ nper

whe
pmt = payment
pv = present value
nper = number of payments
rate = rate of interest

Bruno

Mortgage calculations
 

Try PMT(), read up on it.


Jeff Wrote:
I need a formula to calculate the payments based on loan amount,
interest
rate and term of the loan. This is for mortgage payments


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Morrigan
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