canadian86
Board Regular
- Joined
- Feb 6, 2011
- Messages
- 53
Dear all,
Is there a way to:
Calculate Cumulative interest paid at Month # 15 ("n") for Mortgage amortized for 25 years
using ONE line.
I want a single formula whereby I can just change "n" and it gives me the cumulative interest up to that point. All other mortgage elements (interest rate, # of payments per year, amortization duration) etc stay the same.
I am actually trying to do this on Google sheets instead of Excel, but if you know how to do it on either, that's fine.
Thanks!
Is there a way to:
Calculate Cumulative interest paid at Month # 15 ("n") for Mortgage amortized for 25 years
using ONE line.
I want a single formula whereby I can just change "n" and it gives me the cumulative interest up to that point. All other mortgage elements (interest rate, # of payments per year, amortization duration) etc stay the same.
I am actually trying to do this on Google sheets instead of Excel, but if you know how to do it on either, that's fine.
Thanks!