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I need help in selecting which financial function to use to determine the number of payments to payoff a loan knowing the principle balance, the annual interest rate, the payment frequency and the payment amount. I'm using Excel 2000.
Calculate Number of Payments To Payoff Loan
I need help in selecting which financial function to use to determine the number of payments to payoff a loan knowing the principle balance, the annual interest rate, the payment frequency and the payment amount. I'm using Excel 2000.
See the NPER function.
Entia non sunt multiplicanda sine necessitate
It worked great. Thank you.
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Ali
Enthusiastic self-taught user of MS Excel who's always learning!
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