software

The principal is 140000., the rate is 7.25% for 15 years, the payment is
1278.01 per month. How do I enter a =PV fuction formula to determine the
ending balance of the loan after 1 year?

Use FV() instead

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Kind regards,

Niek Otten

quot;Rettariequot; gt; wrote in message
...
gt; The principal is 140000., the rate is 7.25% for 15 years, the payment is
gt; 1278.01 per month. How do I enter a =PV fuction formula to determine the
gt; ending balance of the loan after 1 year?
I'd use the FV function: =FV(7.25%/12,12,1278.01,-140000)

quot;Rettariequot; wrote:

gt; The principal is 140000., the rate is 7.25% for 15 years, the payment is
gt; 1278.01 per month. How do I enter a =PV fuction formula to determine the
gt; ending balance of the loan after 1 year?