Ms Office Tune Up

Warning: strtotime() [function.strtotime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 35

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 107

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 109

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 111

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 112
Apr
Warning: strtotime() [function.strtotime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 35

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 107

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 109

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 111

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/frodr/public_html/msofficetuneup.com/wp-includes/functions.php on line 112
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Determining How Much You Can Borrow in Excel 2007

Microsoft Excel, Tips & Tricks Add comments

If you know the current interest rate that your bank offers for loans, when you want to have the loan paid off, and how much you can afford each month for the payments, you might then wonder what the maximum amount is that you can borrow under those terms. To figÂure this out, you need to solve for the principal-that is, present value. You do that in Excel by using the PV() function:

PV(rate, nper, pmt[, fv][, type])

rate	The fixed rate of interest over the term of the loan.
nper	The number of payments over the term of the loan.
pmt	The periodic payment.
fv	The future value of the loan (the default is 0).
type	The type of payment. Use 0 (the default) for end-of-period payments;
	use 1 for beginning-of-period payments.

For example, suppose that the current loan rate is 6 percent, you want the loan paid off in 5 years, and you can afford payments of $500 per month. Figure 1 shows a worksheet that calculates the maximum amount that you can borrow-$25,862.78-using the following formula:

=PV(B2 / 12, B3 * 12, B4)