Stupid Date Format not Recognized

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How to calculate loan payments in Excel?
Use the PMT function: =PMT(5%/12,60,-25000) is for a $25,000 loan, 5% annual interest, 60 month loan.

Andrew Poulsom

MrExcel MVP
Joined
Jul 21, 2002
Messages
73,092
Select the cells containing dates, choose Data|Text to Columns and at step 3 specify DMY as the date format.

By the way, for us in the UK MDY is stupid.
 

ammdumas

Active Member
Joined
Mar 14, 2002
Messages
469
Funny. I work for a British Engineering Firm. That would explain why they like DD/MM/YY...
 
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