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    Re: Amortization 360 vs 365 Days

    This is in the US. Fixed rate loan and the first payment is one month after receiving the funds. Actual / 360, interest paid for the actual number of days in each month.
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    Re: Amortization 360 vs 365 Days

    Thanks. I get this as well, but the bank says the payment is $58,360.23. I was hoping someone can show me how they are arriving at that number.
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    Re: Amortization 360 vs 365 Days

    Can someone help me figure out a mortgage payment formula in excel using the PMT function? I have a $11,000,000 loan, interest rate is 3.99%, amortization is 25 years. The bank is telling me the...
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