nqi replied to the topic What is the formula used to work out weekly repayments?? in the forum Finance 14 years, 10 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