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MS Office Forum / Excel / Worksheet Functions / June 2006How to spread 15,000 into 12 months at 10% ?
I want to know how to plan payments with monthly interes rates. If I borrow 15,000USD at 10% interest annual, what is the formula on a spread sheet? I have Office 2003 Pls advise, thx Assuming interest compounded monthly and you make the first payment a the beginning of the term: =PMT(0.1/12,12,15000,0,1 |
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