namfrod
December 11th 03, 11:28 PM
I am using "PMT" to give me the periodic payment for a
loan, and know the formula to show the monthly PAYMENT,
but can find no provision to break down the INTEREST and
PRINCIPAL for each month. Using Excel 97, I was able to
use =IPMT (interest) & =PPMT (principal). What am I
missing? Thanks.
loan, and know the formula to show the monthly PAYMENT,
but can find no provision to break down the INTEREST and
PRINCIPAL for each month. Using Excel 97, I was able to
use =IPMT (interest) & =PPMT (principal). What am I
missing? Thanks.