# Using The PMT, PPMT, IPMT And ABS Functions To Produce A Mortgage Calculator In Excel 2007 And Excel 2010

For a hard and fast rate mortgage, your monthly obligations depend not only about the amount you borrow (in finance edmonton mortgage broker lingo, the principal) but also around the length of time it takes one to pay back the credit (the period) as well as the annual interest rate. Many are trying hard to pass their subjects, or even ace it, nevertheless the important matter here's this: the student should learn something their course that will probably be beneficial anytime soon. What this excellent tool does would be to calculate how much you can borrow according to projected rental income in the property.

Don't belong to this trap.