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MS Office Forum / Excel / Worksheet Functions / August 2005do I have to manually change PER to amortize a loan out 40 years?
I'm amortizing 40-year notes using PPMT to calculate the principal payment. For each new monthly payment I have to manually change PER in the formula. I'm using Excel 2003. Is there any easier way to do this?- If you're creating a payment (amortization) table, you can have a column of numbers for the payments (say 1 through 180 for a 15-year mortgage); then you can set PER equal to the cell address. NPER will be a constant, which you can enter in a cell and assign an absolute address (like $a$4). Chuck Use Chuck's method or look at the other post, I have answered you question there |
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