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excel xp training - mortgage repayments

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excel xp training - Mortgage repayments

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Rob has attended:
Excel Advanced course

Mortgage repayments

what formula/s can i use to show the break down of mortgage repayments between interest and principle over a typical residential table mortgage?

RE: mortgage repayments

Try using the IPMT function, which will allow you to calculate the interest repayments for a given period. This can then be calculated with a PMT function to give the result you may be looking for.

RE: mortgage repayments

thanks Richard, that works perfectly!!!

Excel tip:

How to select certain data in an Excel 2010 workbook

If you want to select the correct data set in a page full of data, the most accurate and efficient way of doing this is to use the ''Shift and Click'' technique.

For example: If you want to select all data in cells A2 to E10, then click on cell A2, hold down the Shift key and click on cell E10 and all the data you want to see is highlighted.

Keep holding down the Shift key and you can move from cell E10 to any other cell in the spreadsheet.

View all Excel hints and tips

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