The easiest thing might be to go to insert/function in Excel. Under category choose all, then press 'p' till you get to PMT. change screen echo to all, so it reads each field. If you're looking for a payment period that is not yearly, be sure to adjust the period parameter to fit. For monthly at 5 percent, you would type either 5%/12 or .05/12.
At 06:55 PM 6/30/2010, you wrote:
Greetings: I have forgotten the format for the PMT Excel formula for computing principal and interest on a mortgage. Where can I find this info or, in the alternative, help off list would be appreciated. Thanks, Mitch<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> There once was an old man from Esser, Who's knowledge grew lesser and lesser. It at last grew so small, He knew nothing at all, And now he's a College Professor.
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