Debt modeling
Hi All,
I'm trying to model a debt scenario where the total amount repaid (both principal repayment and interest payments) each year is held constant. Has anyone done something like this before?
I get the general idea (higher interest less principal at first) but am having trouble with the circularity.
Any help would be appreciated.
Best,
sounds similar to a mortgage. I'd attach an excel spreadsheet but i don't see where I can do that.
Use the PMT, PPMT, and IPMT functions in excel.
You only need PMT.
I threw together an amortizing loan model. It's a little sloppy, but it is functional.
https://docs.google.com/open?id=0BzPPefljaFpvaGVJNjFCSTRSWWc
You should be able to download it from there.
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