J
Jack Shearer
Hello
My first post to this news group.
Please excuse a novice question but could someone please advise which
formula I should use to calculate the monthly/fortnightly payments which
would need to be made on an interest only loan.
I have used PMT and IPMT but my results don't quite correspond with other
online calculators. I really would like to be able to develop my own
calculations in Excel and be confident the resultrs are reasonably accurate.
Thanks for your advice.
Jack
My first post to this news group.
Please excuse a novice question but could someone please advise which
formula I should use to calculate the monthly/fortnightly payments which
would need to be made on an interest only loan.
I have used PMT and IPMT but my results don't quite correspond with other
online calculators. I really would like to be able to develop my own
calculations in Excel and be confident the resultrs are reasonably accurate.
Thanks for your advice.
Jack