The PMT function is an Excel Financial function that returns the periodic payment for an annuity. The formula for the PMT function is PMT(rate,nper,pv, [fv], [type]). The NPV function returns the ...

Excel’s ‘RATE’ function can answer an often-asked question — what is the return on an investment? Here’s an example.

In this tutorial, we want to find the monthly payment. Open Microsoft Excel. Use an existing table or create a table. In the cell opposite monthly payment, type =PMT then bracket. We will now ...