How do I do an amortization schedule knowing the princ, int rate,.

[cfspahn24]

How to get an amortization schedule knowing principle, APR, and payment
amount? I want to know how long it will take to pay off using different pmt
amoynts.

[Gary''s Student]

Checkout:

http://office.microsoft.com/en-us/te...197771033.aspx
--
Gary''s Student


"cfspahn24" wrote:

> How to get an amortization schedule knowing principle, APR, and payment
> amount? I want to know how long it will take to pay off using different pmt
> amoynts.

[cfspahn24]

This template only works when you already know the loan period.

"Gary''s Student" wrote:

> Checkout:
>
> http://office.microsoft.com/en-us/te...197771033.aspx
> --
> Gary''s Student
>
>
> "cfspahn24" wrote:
>
> > How to get an amortization schedule knowing principle, APR, and payment
> > amount? I want to know how long it will take to pay off using different pmt
> > amoynts.

[Bruno Campanini]

"cfspahn24" <[email protected]> wrote in message
news:[email protected]...
> How to get an amortization schedule knowing principle, APR, and payment
> amount? I want to know how long it will take to pay off using different
> pmt
> amoynts.

Given:
C = Principle
P = Payment
i = interest
n = months or quarters or years, etc
(i must be related to n)


P - C i
Log -----------
P
n = ----------------------
1
Log ----------
1 + i

I don't know how/if Excel handles this formula.
For finacial calculations I do normally use
mathematical formulas.

Ciao
Bruno

[Gary''s Student]

Bruce's formula is correct. I am not sure if there is a direct formula that
returns period, but:


put 5 in A1 (years)
put 8% in B1 (rate)
put 100 in C1 (payment)
put 0 in D1 (type)
put =PV(B1/12,A1*12,-C1,0,0) in E1 (amount financed)

you will see $4,931.84 in E1. Since you want to calculate the years and not
the amount financed), then click on E1 and pull-down:

Tools > Goal Seek... and enter your desired amount inthe value field and A1
in the changing field.

You will now have the payoff time.
--
Gary's Student


"Bruno Campanini" wrote:

> "cfspahn24" <[email protected]> wrote in message
> news:[email protected]...
> > How to get an amortization schedule knowing principle, APR, and payment
> > amount? I want to know how long it will take to pay off using different
> > pmt
> > amoynts.
>
> Given:
> C = Principle
> P = Payment
> i = interest
> n = months or quarters or years, etc
> (i must be related to n)
>
>
> P - C i
> Log -----------
> P
> n = ----------------------
> 1
> Log ----------
> 1 + i
>
> I don't know how/if Excel handles this formula.
> For finacial calculations I do normally use
> mathematical formulas.
>
> Ciao
> Bruno
>
>
>

[cfspahn24]

Thank you gentlmen, you have been most helpful!

"Gary''s Student" wrote:

> Bruce's formula is correct. I am not sure if there is a direct formula that
> returns period, but:
>
>
> put 5 in A1 (years)
> put 8% in B1 (rate)
> put 100 in C1 (payment)
> put 0 in D1 (type)
> put =PV(B1/12,A1*12,-C1,0,0) in E1 (amount financed)
>
> you will see $4,931.84 in E1. Since you want to calculate the years and not
> the amount financed), then click on E1 and pull-down:
>
> Tools > Goal Seek... and enter your desired amount inthe value field and A1
> in the changing field.
>
> You will now have the payoff time.
> --
> Gary's Student
>
>
> "Bruno Campanini" wrote:
>
> > "cfspahn24" <[email protected]> wrote in message
> > news:[email protected]...
> > > How to get an amortization schedule knowing principle, APR, and payment
> > > amount? I want to know how long it will take to pay off using different
> > > pmt
> > > amoynts.
> >
> > Given:
> > C = Principle
> > P = Payment
> > i = interest
> > n = months or quarters or years, etc
> > (i must be related to n)
> >
> >
> > P - C i
> > Log -----------
> > P
> > n = ----------------------
> > 1
> > Log ----------
> > 1 + i
> >
> > I don't know how/if Excel handles this formula.
> > For finacial calculations I do normally use
> > mathematical formulas.
> >
> > Ciao
> > Bruno
> >
> >
> >