excel xp training - mortgage repayments

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excel xp training - Mortgage repayments

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Rob has attended:
Excel Advanced course

Mortgage repayments

what formula/s can i use to show the break down of mortgage repayments between interest and principle over a typical residential table mortgage?

RE: mortgage repayments

Try using the IPMT function, which will allow you to calculate the interest repayments for a given period. This can then be calculated with a PMT function to give the result you may be looking for.

RE: mortgage repayments

thanks Richard, that works perfectly!!!


 

Excel tip:

Adding date and time

Here are two quick ways to add the date and time to your spreadsheet:

1) Type =NOW(), which displays both date and time in the same cell
or
2) Hold Ctrl and type the colon (:) into one cell for the date and the semi-colon(;)into another for the time.

Note that =NOW() updates to the current date/time whenever the spreadsheet recalculates.

View all Excel hints and tips


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