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How to spread 15,000 into 12 months at 10% ?
I want to know how to plan payments with monthly interes rates.
If I borrow 15,000USD at 10% interest annual, what is the formula on a spread sheet? I have Office 2003 Pls advise, thx |
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How to spread 15,000 into 12 months at 10% ?
Assuming interest compounded monthly and you make the first payment at the beginning of the term: =PMT(0.1/12,12,15000,0,1) -- renegan ------------------------------------------------------------------------ renegan's Profile: http://www.excelforum.com/member.php...o&userid=10450 View this thread: http://www.excelforum.com/showthread...hreadid=552478 |
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