Please can you tell me the amount of the monthly drawdown over twenty years of €250,000 capital making 4% interest over 20 years. Many thanks.
Use the following formula to calculate your monthly drawdown payment:
PMT=PV. R.{[1 + R]^N/ [1 + R]^N - 1}
PMT =250,000 x 0.04/12{[1 + 0.04/12]^(20*12) / [1 + 0.04/12]^(20*12) - 1}
PMT =833.333....{[1.0033333]^240 / [1.0033333]^240 - 1]
PMT =833.333... x 1.817940988........
PMT =1,514.95 - Euros - your monthly drawdown over a period of 20 years @ 4%.
P.S. I have taken your interest rate as 4% compounded monthly.