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excel formula to calculate monthly payment with interest. Payment per Period. Enter the interest payment formula.
Loan Amortization With Extra Principal Payments Using Microsoft Excel Mortgage Amortization Calculator Mortgage Amortization Amortization Schedule from www.pinterest.com
Of years in B2 and loan amount in B3 the formula is as simple as this. This example assumes that 1000 is invested for 10 years at an annual interest rate of 5 compounded monthly. PMT C6 12 C7 - C5.
Once you enter the interest rate type a comma to move to the next data point.
Keep the formula cell F6 selected and drag its AutoFill handle down to the cells you will apply this formula. The formula for calculating your Payment per Period value relies on the following information in the following format. Imagine a 180000 home at 5 interest with a 30-year mortgage. Monthly Compound Interest Formula P 1 R 1212t P.
