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.

The Payment (PMT) function calculates monthly loan payments, allowing you to assess loan affordability and plan repayment schedules effectively. Understanding Excel’s “What-If Analysis” Tools ...

You can use PMT to calculate the interest rate in Excel. However, you also need to use NPER, PV, and FV. A typing formula looks like this: =RATE(nper,pmt,pv,[fv]) where: NPER: Total number of time ...

The PMT function is designed to calculate the periodic payment for a loan (assuming constant payments and interest rates). It's a fundamental tool for financial calculations in Excel.