The PMT function in Excel is a financial function used to calculates the payment of a loan based on payments and interest rates. The formula for the PMT function is PMT(rate,nper,pv,[fv], [type]).

To use the PMT function effectively, it’s important to understand each of its arguments and how they relate to your specific loan scenario. Here’s a breakdown of each argument: ...

How to use PMT function in Excel Image: pexels.com Source: UGC. You can use the PMT finance function directly to calculate the size of payments on a certain loan or an investment. If you need to ...

Microsoft Excel is a powerful tool for personal and professional use. One of its advanced functions that can significantly aid in financial planning is the PMT function. PMT, or payment, is used to ...

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Assuming there are no complexities with the loan and it is based on a standard table mortgage we can use the PMT function to calculate the monthly payments. The formula is PMT( interest_rate, ...

Step 5: Use PMT Function to Calculate Loan Amount. In cell B1, enter the PMT function formula: =PMT(B2, B3, -B4). The PMT function takes three arguments: – Interest rate per period (B2) – Total number ...

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