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You might be able to use the PMT function. It returns the payment amount for a loan based on an interest rate and a constant payment schedule. You can try different numbers of payments to see what different monthly payments are required.

Syntax: PMT(interest_rate,number_payments,PV,FV,Type)

interest_rate = interest rate

number_payments = number of payments

PV = present value (or principal)

FV (optional) = future value (if omitted, the assumed value is 0)

Type (optional) = indicates when the payments are due

0 = payments due at end of period (default or if not included)

1 = payments due at beginning of period

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15y ago

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