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mortgage formula?

  1. 03-21-2005, 04:16 PM #1
    excelulant
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    mortgage formula?

    can anyone please give me the formula to solve for a mortgage payment?
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  2. 03-21-2005, 04:25 PM #2
    BenjieLop
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    Quote Originally Posted by excelulant
    can anyone please give me the formula to solve for a mortgage payment?
    Syntax is

    =PMT(APR,number of months to pay,amount to be financed)
    BenjieLop
    Houston, TX
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