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Bjmp Provident Fund Loan Table Form

Bjmp Provident Fund Loan Table Form

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MrExcel podcast is sponsored by Easy-XL. Learn Excel from MrExcel, episode 1438: variable rate loan payment. Well, hey, welcome back to the MrExcel netcast. I'm Bill Jelen and I'm back from my trip to Milwaukee. I did three seminars for the IIA yesterday. Some great questions came in. I was showing how to do-- how loan payments, like I normally do the PMT function and Heidi, who was in the audience asked the question, what-- what-- how do you calculate a variable loan payment? It's funny; they don't have a function for variable rate loan payments. So, this is the-- the best that I can come up with. We have our amount borrowed, you know, this-- well, actually that's the original one. All right, so, amount borrowed: 120,000 over 180 months and the interest rate starts at this great introductory two and a half percent, but then after five years goes to six percent, after ten years goes to seven percent. So, that's kind of my table there. I b

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