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Wrong answer after using the payment formula in excel
I am trying to get a monthly payment figure by using the payment formula in
excel. It always calculates the payment incorrectly. I try it on my financial calculator, as well as a financial program I have in the computer and these two come up with the same figure. Then I try it in excel, the answer is different. the formula I am using is: =PMT(.0015,360,375,000) Any help?? |
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