The formula wizard asks for:
Rate, NPER, PV, and FV.
I have the following info:
I guess the rate would be the annual interest rate (say 5.5%) divided by 12, or 0.48%.
NPER is the number of periods, or 30 years * 12 months = 360.
But what do I plug in for PV (present value) and FV (future value)?
I'm guessing PV is what I think of as the "loan amount." Is that right?