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]).

If assumed that rate = 0, then (pmt*nper)+pv+fv = 0. If you are good at mathematics, you can try to use these formulas with any variables. How to use PMT function in Excel Image: pexels.com Source: ...

On the Excel screen, this function can be found using the command fx and under the category ‘Financial’. Periodic investments Here’s an example of how PMT can be used.

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 ...

The PMT() function, for example, calculates a loan payment given the number of payments, the interest rate and the principal amount. You use it in a cell formula as the following example ...

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, ...

This example does not include the 2 optional arguments, so the PMT function assumes here that the loan is settled in full and payments are made at the end of each period. You build formulae with ...