The PMT function formula is: PMT(rate, nper, pv, fv, type). ... The PMT function in Excel is a powerful and versatile tool for calculating loan repayments and creating comprehensive amortization ...

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: ...

‘Excel’ling. Understanding MS Excel functions: PMT ... it would need iteration of the compound interest formula Amount = Principal*[(1 + Rate)^Period], and solving for ...

Today's Excel tip for those less experienced users is how to use the payment (PMT) and cumulative interest payment (CUMIPMT) functions. These formulas (functions) allow you to 1) work out the regular ...