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Updated almost 9 years ago,
Bob MaleckiPoster#5 Tax Liens & Mortgage Notes Contributor
- Investor
- Kingston, WA
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Need help on formulas for Excel to calc selling value of note
Hi All,
I have the 10bii calculator app on my iPhone that has an "easy mode" to determine the purchase price of a note based upon entering 1. the monthly payment, 2, the remaining term in months, 3. the desired annual % return, and 4. the ending balance (which would be $0 if no balloon).
I want to set this up on an excel spreadsheet that I'm creating for some financial projections. Does anyone have any thoughts on what formulas to use to recreate this on a spreadsheet, or a website that provides any tips/instructions?
Thanks