You also need the number of payments.
Look in HELP for the PV() function
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Kind regards,
Niek Otten
Microsoft MVP - Excel
"MLSanders" <MLSanders@discussions.microsoft.com> wrote in message
news:E269891C-DD6A-438F-B1EB-683D7F81803E@microsoft.com...
>I have fixed interest rate and monthly payment. How do I calculate loan
> amount?
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