Excel,Mortgage,Payment,Formula computer Excel Mortgage Payment Formula


Gone are those times when the companies and the organisations didn't need a hi-tech system to handle them. Owing to the considerable increase in the business sector and thus, an enormous increase in the complexity of the organisational struc ----------------------------------------------------------Permission is granted for the below article to forward,reprint, distribute, use for ezine, newsletter, website,offer as free bonus or part of a product for sale as longas no changes a


Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0cm 5.4pt 0cm 5.4pt;mso-para-margin:0cm;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:10.0pt;font-family:"Times New Roman";mso-ansi-language:#0400;mso-fareast-language:#0400;mso-bidi-language:#0400;}1. Mortgage repayment calculations are possible is Excelusing the PMT function.  The PMT functionhas the following arguments: Rate – this is interest rate on the mortgage loan divided by12 Nper – this is the term of the mortgage or the number of monthlyrepayments you will make. For example with a 25 year mortgage you would make 12multipled by 25 monthly repayments.PV (present value) - is the mortage amount – the amount youhave borrowed, expressed as a negative value.FV - you can leave blank. FV stands for future value.  As the future of the loan when it has berepaid will be zero and zero is the default for this argument it can be leftempty.Type – here you state whether you will make the payment atthe beginning or at the end of each month, type 1 if at the beginning or 0 ifat the end.  Sorry no option for halfwaythrough the month. 2. An example.  Johntakes out a £250,000 mortgage over 25 years with an annual interest rate of4.5%.  He will make his mortgage paymenton the 1st of each month. Rate would be 4.5%/12Nper would be 25*12PV would be -250000Type would be 1 3. To practice this example in Excel, in a blank spreadsheetenter the following data starting in A1.  i) Rate goes in A1, 4.5% goes in B1 and so on for each row. Rate                 4.5%Term                25Mortgage         250000Repayment       ii) Click into cell B4 – this is where we will calculate themonthly repayment iii) Now click on the fx button on the Excel formula barjust above the spreadsheet’s column headers. This will open the Insert Functiondialogue box. In the search box type PMT and then click Go. Select PMT from the results list below and then click OK In the Rate box type B1/12In the Nper box type B2*12In the Pv box type –B3Leave the FV box emptyIn the Type box type 1 iv) Click OK Youranswer should be 1384.39

Excel,Mortgage,Payment,Formula

computer

Equipment Rental Software – Features And Cost

Equipment rental management software is an essential thing these days for any equipment rental company.A well-developed equipment rental software provides you with a variety of features that can really help you maintain and organise your cus ...

computer

5 Big Reasons Why I Migrated From Angularjs To React

I have 5 main reasons for my angularjs to react migration. No, it's not a comparison on which is better. A comparison between apples and oranges would make no point. React is a library, and angular is a framework. Both can do stuff in their ...

computer

How to troubleshoot McAfee error 2318?

Security software means McAfee! For many computer users, McAfee antivirus is the only choice for security software as it provides all the features and tools which are necessary for device and data protection. This robust antivirus merely sho ...

computer

Manage Multiple Counter With AlignBooks Point of Sale

Fulfilling your businesss needs which can grow your firm is our aim. AlignBooks is better known for providing a strong pillar to newly started or midway businesss. Those companies who dont want to fall back with irregularity manage the inven ...

computer

How to Autoplay Embedded YouTube Videos

Source: How to Autoplay Embedded YouTube VideosEmbedding a video or audio enables the users to share their videos with any of their preferred sites or any social networking platforms. They can do so by copying the embedded link of the parti ...

computer

3 Major Mistakes to Avoid in Retail Business

Truth be told, nearly half of the retail businesses survive longer than four years and which can be something to ponder for a newbie before stepping into the industry. However, this being said, it is also true that you can excel in the indus ...

computer

Start Your Own Computer Repair Business

1. Know your street value. In the early 90's, running a PC repair business centered around selling parts and products, with service on the side. Today, it's about selling hours. If you run a business, you need to consider the X3 rule. That m ...

computer

How Establishments Show Up in Restaurant Searches

The revolutionary rise of technology has made things easy-peasy for consumers in the restaurant industry. Unlike the old days, the availability of innumerable platforms has made it possible for diners to choose from various searching options ...

computer

GuildWars 2 :

The last expansion pack for Guild Wars 2 was Path of Fire, which was released in 2017 and brings you a new enemy-Balthazar, the evil god of war. Although this doesn't sound like another expansion pack currently in production, some fans ma ...

computer

Customer Support at the time of COVID-19 Pandemic

COVID-19 is the worst crisis of our time as we observe social distancing protocols being imposed all around the world. While these measures are a step in effectively managing the COVID-19 pandemic, Hospitality and Retail businesses are confr ...

computer

How to Choose a Contract Management Solution (CLM)?

Contract life cycle management (CLM) systems can simplify and automate contract creation, negotiation, execution and storage. They are an intelligent alternative to the tedious hand tools formerly used for these tasks, which lacked visibili ...

computer

Contacting Google Live Person to Resolve Your Issues

Users are fond of all the Google supported products and look forward to the best services. Also, Google as a whole has never disappointed its users and helped them at every point with its commendable services. Also, being a customer-oriente ...

computer

how to uninstall discord

How to Uninstall Discord in Windows 10? has supported open source technologies, our tool is secure and safe to use. To uninstall a discord from your windows, you'll use this method which is given below.USING THIRD PARTY TOOLS1. Firstly, you ...