Amortization

[Daee]

<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Daee</i>
<br />Thanks Brother,

I am using the same formula and i get,

1-)(-Principal)*interest / Number of Ist (-1000)*0.07/12 = -5.833

2-){1-(1+(Int/number of Ins)} = {1-(1+(0.07/12)} = -0.0058

3-) (1/2)/12 = (-5.833/-0.0058)/12 = 83.333 yours is 80.69 ????

Please advise

Thanks for your help and assistance.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Waiting for your reply Dhamp.

Rgds