Forum Discussion
Bond redemption schedule
Hello, A bond will be issued now at price USD 2,071,779,815 and maturity value USD 2,499,000,000 after 4 years @ 7% per annum. Bond will be redeemed in 6 equal instalments starting from the end o...
I need formula for Column C.
You need a column between B and C that starts with C18 and decreases by the values in C. That remain Principal allows you to compute column D. When you have those numbers, you can subtract the Interest from the Annuity Payment to arrive at the Principal (amount to redeem, which in turn reduces the remain Principal).