how to count monthly payment?, help me please
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 Sep 24 2008, 12:42 AM
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Senior Member
731 posts Joined: Nov 2006 From: Shah Alam  
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Use Excel. The function is PMT(rate,nper,pv,{fv,type})
Rate is in %, nper is number of years X 12, PV is your loan. The result will be a negative value which is your monthly installment. You can ignore the parameters in {}. Look up Excel help if you need more example. |
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