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Annuity Payments From A Present Amount
I am trying to figure out how to use functions in Excel to calculate an
annuity from a present amount. Do you happen to know how I would do this? For Example: Present Amount = $100,000 Period = 30 years (annual payments at beginning of each year) Interest Rate = 6% / year Annual Amount of Withdrawel Available = ? Value at end of 30yr period = $0 Thank for your assistance, James Richey |
#2
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Annuity Payments From A Present Amount
Use the PMT function, as in:
=pmt(6%,30,100000) =7264.89 Regards, Fred. "JRR" wrote in message ... I am trying to figure out how to use functions in Excel to calculate an annuity from a present amount. Do you happen to know how I would do this? For Example: Present Amount = $100,000 Period = 30 years (annual payments at beginning of each year) Interest Rate = 6% / year Annual Amount of Withdrawel Available = ? Value at end of 30yr period = $0 Thank for your assistance, James Richey |
#3
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Annuity Payments From A Present Amount
Thanks Fred. It doesn't get any easier than that.
Here is an interesting link if you want more info. JRR: http://gs.fanshawec.ca/tlc/math270/3_4_Annuities.htm Regards, Ryan-- -- RyGuy "Fred Smith" wrote: Use the PMT function, as in: =pmt(6%,30,100000) =7264.89 Regards, Fred. "JRR" wrote in message ... I am trying to figure out how to use functions in Excel to calculate an annuity from a present amount. Do you happen to know how I would do this? For Example: Present Amount = $100,000 Period = 30 years (annual payments at beginning of each year) Interest Rate = 6% / year Annual Amount of Withdrawel Available = ? Value at end of 30yr period = $0 Thank for your assistance, James Richey |
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