One is thePMTfunction, which allows you to calculate the size of a monthly payment needed to pay off a credit card or other loan in a certain number of months. You will need to know your credit card's monthly interest rate, which is the annual rate divided by 12, the number of month...
Hello All! This relates to a Mortgage Payment scenario. Calculation of the payment ( PMT(Int/12,Term,-Bal.) ) then illustrating the effects of an...
Determine daily and compounding daily interest rates with simple math Loans, savings accounts, and credit cards all accrue interest over time. If you're paying back a credit card bill or looking for the best time to take out a loan,...