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dennispgerman's avatar
dennispgerman
Copper Contributor
Apr 12, 2019

Excel formula principle balance help

Perhaps this is answered someplace here but I am not sure how to couch my search.

Very simple; I want to calculate how long will a principle balance last at a particular rate with regular withdrawals of a specified amount.

Something like,

I have a X dollars

bearing Y interest

taking Z amount every month.

Am I missing anything?

How many months will it last?

Thanks,