nqi replied to the topic What is the formula used to work out weekly repayments?? in the forum Finance 15 years, 4 months ago
If you're using MS Excel then it's=pmt(rate,nper,pv,fv,type)rate = interest rate per periodnper = number of paymentspv = loan amountfv = zero if you are paying off the loan completelytype = 1 or 0, depending if the payment is at the start or end of each period (it doesn't make much difference to the result)hope this helps