The formula for the PMT function is PMT(rate,nper,pv,[fv], [type]). In this tutorial, we want to find the monthly payment. Open Microsoft Excel. Use an existing table or create a table.

Type "=PMT(" into a new cell , and Excel will prompt you with the following ... If, for instance, you're considering reamortization, you can use these formulas to better understand how a ...

Formulas are powerful tools for performing calculations and analyzing data in Excel. In this beginner’s guide, you’ll learn how to use formulas and explore some popular built-in functions.

But what if I told you there’s a straightforward way to handle this using Excel’s PMT function? In this guide, we’ll explore how to use this powerful tool to simplify your financial ...