4. This video tutorial explains how to calculate loan payments using the PMT function in excel. You can build complicated spreadsheets or use fancy software to more precisely do these types of calculations, but the simple PMTfunction can get you a ballpark answer. Rate (required argument) – The interest rate of the loan. 2. Solved by X. J. in 11 mins The Excel PMT function is a financial function that returns the periodic payment for a loan. "PMT" stands for "payment", hence the function's name. Pv (required argument) – The present value or total amount that a series of future payments is worth now. It explains how to calculate the monthly payment given the principal and annual interest rate.

=PMT(rate, nper, pv, [fv], [type]) The PMT function uses the following arguments: 1.
It is also termed as the principal of a loan.

To use the payment function, simply type =PMT( into any cell of the spreadsheet Once you type in =PMT(, Google Sheetsknows you are trying to calculate a payment function and guides you right along each step of the way: Let’s run through the variables in the payment function, one-by-one:
The Excel PMT function is a financial function that calculates the payment for a loan based on a constant interest rate, the number of periods and the loan amount. Fv (optional argument) – This is the future value or a cash balanc… You can use the NPER function to figure out payments for a loan, given … It also determines the total cost of the loan with the total interest paid over the lifetime of the loan.My Website: https://www.video-tutor.netPatreon Donations: https://www.patreon.com/MathScienceTutorAmazon Store: https://www.amazon.com/shop/theorganicchemistrytutorSubscribe:https://www.youtube.com/channel/UCEWpbFLzoYGPfuWUMFPSaoA?sub_confirmation=1Excel Tutorial For Beginners:https://www.youtube.com/watch?v=nK-uNYuvcagTop 10 Excel Formulas:https://www.youtube.com/watch?v=ShBTJrdioLoTop 30 Excel Tips, Tricks, \u0026 Shortcuts:https://www.youtube.com/watch?v=UMad9_-4rOUHow To Use VLookUp:https://www.youtube.com/watch?v=zV0ah1DPNJ8Pivot Tables:https://www.youtube.com/watch?v=WoR2RhT7AF0Excel Tutorial Playlist:https://www.youtube.com/watch?v=R5gbj0oTnjU\u0026list=PL0o_zxa4K1BWYhjLZRtBWRTghtPGQwEfe 3. In cell B5, insert the PMT function using the data from the range B2:B4—be sure to divide the interest rate by 12, multiply the years by 12, and display the payment as a positive number. Nper (required argument) – Total number of payments for the loan taken. How To Calculate Loan Payments Using The PMT Function In Excel


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