Excel Tip: Determining the Remaining Length of a Loan Using. – I can confirm that based on a loan of 3.5%, term of 36 months, and $20,000 principal that the PMT function returns $586.04. Now it’s possible that the NPER function isn’t returning exactly 36, but instead returning 35.9 or something that would shorten the term slightly and result in a higher payment.
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length of loan formaula – Excel Formulas – Board Archive. – length of loan formaula Posted by Anthony Perl on June 17, 2001 9:16 PM If you know how much money you are borrowing and at what annual rate the interest is and how much you will be repaying monthly – how do you caculate (what excel 97 formula do you use) the time it will take you to pay off the loan?
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Excel formula: Calculate payment for a loan | Exceljet – Calculate payment for a loan. Generic formula = PMT (rate, periods,-amount). How this formula works. Loans have four primary components: the amount, the interest rate, the number of periodic payments (the loan term) and a payment amount per period. You can use the PMT function to get the.
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