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Formula for Amortization "Payment" please help!

My premium support inside Salesforce staff can not help.

We have always calculated a principle and interest payment using, Microsoft Excel, a financial calculator or loan software.

They all have a "PMT" function and salesforce does not.

This is absolutely critical for us and has stopped us in our tracks. Using "simple" interest will NOT cut it for us, as we are a commercial loan company.

Has anyone successfully written a principle & interest formula in salesforceeaze?

Please (begging) help...

WesHB
July 21, 2006
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