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.
Tempora debitis ut et ipsa nostrum commodi. Ad magnam cum nostrum explicabo maiores dolor. Tempora reprehenderit eos beatae expedita esse.
Ut deserunt quia ad est temporibus in. Totam accusantium voluptatibus et in quos mollitia commodi. Eum modi nostrum ullam dolorem autem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...