The PMT function in Excel is a financial function used to calculate a loan's payment based on payments and interest rates. Learn How to use it.

Start by creating a sequence of payment numbers using Excel’s SEQUENCE function. For instance, the formula =SEQUENCE (360) will generate a series of numbers from 1 to 360, representing each ...

Calculating Simple Interest is an excellent method to judge your savings in advance. However, calculating it for various interests and principal sums could be complex. This is where Excel comes to ...

3. How to Calculate Interest on a Monthly Loan Payment (Amortized Loan) Most installment loans — including car loans and mortgages — use amortization.

Enter "=PMT (A1/12,A2*12,A3)-A4-A5/12" in cell A6 to calculate your monthly payment. The result appears parenthesized and red, which indicates a negative value, or cost.