Mortgage calc.

[Hershel Fisch]

On 3/2/05 5:05 PM, "Dar Scott" <dsc at swcp.com> wrote:

> 
> On Mar 2, 2005, at 1:53 PM, Hershel Fisch wrote:
> 
>> Thanks, First I need to be able to do a simple mortgage calculation
>> e.g.
>> 300,000.00 loan for a period of 30 years.
> 
> I have some vague memory of some problem with dates after 2035, but I
> can't quite place it.
> 
I don't think this is a date problem, I think its a 30 period issue.
E.g. 300,000.00 loan for 30 periods at lets say 6.5 % interest (which the
annuity function doesn't give the right amount). Then I divide it into 12 I
have a monthly payment. After I have all this info. I'm in business.
Hershel
> Dar