Ned
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Excel spreadsheet, formula help please

I would like to create an excel spreadsheet where I have the following 3 variables - loan amount, loan term(months) and interest rate. I want the spreadsheet to tell me what the monthly payment will be and the split between capital & interest. Does anyone know is this is possible ?

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Try some of the formulae

listed under Financial

For example:

=PMT()

=IPMT()

=PPMT()

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Hi Ned, what version of Excel are you using?

I know in 2010, if you right click on a tab, choose insert, then spreadsheet solutions, there is a loan amortisation template ready for use.

It may be in the 2007 version aswell.

This seesm to fit your criteria

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Hi

I'm using 2010 Excel so will try your suggestions - thanks for the advice.

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