Comments on: How to calculate for the amortization factor http://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html Your trusted resource for foreclosure investing in the Philippines with listings of foreclosed properties, real estate auctions, real estate investing tips, and more! Wed, 08 Feb 2012 16:17:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gigi http://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html#comment-7194 Gigi Sat, 12 Nov 2011 03:20:00 +0000 http://www.foreclosurephilippines.com/?p=2255#comment-7194 Hi Jay. how do you derive the factor using the scientific calculator? thanks Hi Jay. how do you derive the factor using the scientific calculator? thanks

]]> By: thales http://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html#comment-2858 thales Mon, 16 Aug 2010 11:13:48 +0000 http://www.foreclosurephilippines.com/?p=2255#comment-2858 hi jay, how did they derive this formula? thanks.. hi jay,

how did they derive this formula? thanks..

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html#comment-2857 Jay Castillo Mon, 08 Feb 2010 09:17:36 +0000 http://www.foreclosurephilippines.com/?p=2255#comment-2857 Hi Gil, to enter a negative exponent in excel, you can use ^-X where X is the exponent. You can also download this file to see an example: <a href="http://www.foreclosurephilippines.com/wp-content/uploads/2009/09/amortization_table(Unionbank).xls" rel="nofollow">http://www.foreclosurephilippines.com/wp-content/uploads/2009/09/amortization_table(Unionbank).xls</a> By the way, you can also use the PMT function in Excel: PMT function: Calculates the payment for a loan based on constant payments and a constant interest rate. Syntax PMT(rate,nper,pv,fv,type) For a more complete description of the arguments in PMT, see the PV function. Rate is the interest rate for the loan. Nper is the total number of payments for the loan. Pv is the present value, or the total amount that a series of future payments is worth now; also known as the principal. Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0. Type is the number 0 (zero) or 1 and indicates when payments are due. Set type equal to If payments are due 0 or omitted At the end of the period 1 At the beginning of the period Remarks: The payment returned by PMT includes principal and interest but no taxes, reserve payments, or fees sometimes associated with loans. Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at an annual interest rate of 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12 percent for rate and 4 for nper. Tip To find the total amount paid over the duration of the loan, multiply the returned PMT value by nper. Hi Gil, to enter a negative exponent in excel, you can use ^-X where X is the exponent. You can also download this file to see an example: http://www.foreclosurephilippines.com/wp-content/uploads/2009/09/amortization_table(Unionbank).xls

By the way, you can also use the PMT function in Excel:
PMT function: Calculates the payment for a loan based on constant payments and a constant interest rate.

Syntax

PMT(rate,nper,pv,fv,type)

For a more complete description of the arguments in PMT, see the PV function.

Rate is the interest rate for the loan.

Nper is the total number of payments for the loan.

Pv is the present value, or the total amount that a series of future payments is worth now; also known as the principal.

Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0.

Type is the number 0 (zero) or 1 and indicates when payments are due.

Set type equal to If payments are due
0 or omitted At the end of the period
1 At the beginning of the period

Remarks:
The payment returned by PMT includes principal and interest but no taxes, reserve payments, or fees sometimes associated with loans.
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at an annual interest rate of 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12 percent for rate and 4 for nper.
Tip To find the total amount paid over the duration of the loan, multiply the returned PMT value by nper.

]]> By: Gil B. http://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html#comment-2856 Gil B. Thu, 04 Feb 2010 12:06:46 +0000 http://www.foreclosurephilippines.com/?p=2255#comment-2856 Hi Jay, I appreciate very much the knowledge you're sharing. I just want to find out how to do the formula you gave (the one with a negative exponent) on Excel. Thanks so much. Hi Jay,
I appreciate very much the knowledge you’re sharing. I just want to find out how to do the formula you gave (the one with a negative exponent) on Excel. Thanks so much.

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html#comment-2855 Jay Castillo Tue, 17 Nov 2009 06:00:49 +0000 http://www.foreclosurephilippines.com/?p=2255#comment-2855 Thanks Mildred, I really appreciate your kind words! Thanks Mildred, I really appreciate your kind words!

]]> By: uberVU - social comments http://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html#comment-2854 uberVU - social comments Thu, 12 Nov 2009 04:47:41 +0000 http://www.foreclosurephilippines.com/?p=2255#comment-2854 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by jay_castillo: How to calculate for the amortization factor | Foreclosure Philippines http://bit.ly/135yCl... Social comments and analytics for this post…

This post was mentioned on Twitter by jay_castillo: How to calculate for the amortization factor | Foreclosure Philippines http://bit.ly/135yCl...

]]> By: mildred http://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html#comment-2853 mildred Wed, 11 Nov 2009 03:48:31 +0000 http://www.foreclosurephilippines.com/?p=2255#comment-2853 you are so helpful and selfless! thanks for putting up this blog :-) you are so helpful and selfless! thanks for putting up this blog :-)

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