Financial function question

gideon

Board Regular
Joined
Mar 18, 2002
Messages
78
Hi,

Can you tell me the function I should use when trying to do this.....

Enter the loan amount, the interest rate and term to get the repayment amount but then be able to adjust the repayment amount and therefore calculate what that would do to the term of the loan?

Thanx in advance...
 

Excel Facts

Return population for a City
If you have a list of cities in A2:A100, use Data, Geography. Then =A2.Population and copy down.

SIXTH SENSE

Well-known Member
Joined
Oct 29, 2003
Messages
1,883
Hi!
Take a look at this!
Book1
ABCD
1AMOUNTRATETERM(YEARS)ANNUALPAYMENT
2$1,000.0010.00%5($263.80)
3
4
5AMOUNTRATETERMADJUSTEDPAYMENT
6$1,000.0010.00%4.25($300.00)
Sheet1
 
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