Excel PMT Tool

Hi Ann

Thanks for getting in touch. I've combed through the financial functions in Excel and I can't find a built-in function that calculates PMT with forced repayments at each stage.

I suspect the method you've gone for is the right one; a partitioned model that spreads the payments and combines them at the end.

To try and give you a hand, I found a template that Microsoft provide for irregular loan calculations. They came up with it, not me so I can't vouch for it! It seems to be customisable to your needs though. Below is the link for Microsoft's file, and I've attached my estimate of how you could create your own.

http://office.microsoft.com/en-us/templates/biweekly-mortgage-payment-amortization-TC001056618.aspx?CategoryID=CT011815531033& ;AxInstalled=1

I hope this gives you a suitable template to build from.

Kind regards

Gary Fenn
Microsoft Office Specialist Trainer

Tel: 0207 987 3777
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