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Amortization

  1. #1
    Sam
    Guest

    Amortization

    HomeLoan computation:

    By given loan amt(PV), % rate(rate), tenure(nper), we may compute the
    instalment by using '=PMT' function.

    If the tenure = 20 years and we wish to find the outstanding principal after
    10 years, we may get it by using amortisation.

    Question: is amortisation available in Excel 2003?

  2. #2
    Myrna Larson
    Guest

    Re: Amortization

    There is a CUMPRINC function that returns the cumulative principal paid
    between 2 periods. If you subtract that from the initial loan amount, it
    should give you the balance.

    On Sun, 6 Mar 2005 19:33:02 -0800, Sam <Sam@discussions.microsoft.com> wrote:

    >HomeLoan computation:
    >
    >By given loan amt(PV), % rate(rate), tenure(nper), we may compute the
    >instalment by using '=PMT' function.
    >
    >If the tenure = 20 years and we wish to find the outstanding principal after
    >10 years, we may get it by using amortisation.
    >
    >Question: is amortisation available in Excel 2003?



  3. #3
    N Harkawat
    Guest

    Re: Amortization

    or simply using PV function for the remaining period for the PMT, rate% and
    period = 10 years

    "Myrna Larson" <anonymous@discussions.microsoft.com> wrote in message
    news:d0cp21d4jfq79g5iusdti8mdeuro8v52ri@4ax.com...
    > There is a CUMPRINC function that returns the cumulative principal paid
    > between 2 periods. If you subtract that from the initial loan amount, it
    > should give you the balance.
    >
    > On Sun, 6 Mar 2005 19:33:02 -0800, Sam <Sam@discussions.microsoft.com>
    > wrote:
    >
    >>HomeLoan computation:
    >>
    >>By given loan amt(PV), % rate(rate), tenure(nper), we may compute the
    >>instalment by using '=PMT' function.
    >>
    >>If the tenure = 20 years and we wish to find the outstanding principal
    >>after
    >>10 years, we may get it by using amortisation.
    >>
    >>Question: is amortisation available in Excel 2003?

    >




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