do I have to manually change PER to amortize a loan out 40 years?

G

Guest

I'm amortizing 40-year notes using PPMT to calculate the principal payment.
For each monthly payment I have to manually change PER in the formula to
update the schedule. Is there another way to do this? I'm using Excel 2003.
 
M

Morrigan

You can replace PER with ROW() if 1st payment being on row1, or ROW()-
if payment being on row2, etc.
 

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