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excel pmt function formula. The interest rate per period. There are five parameters that are used in this PMT function.
Excel Financial Formula Pmt Ipmt Ppmt By Learning Center In Urdu Hindi Learning Centers Learning Free Learning from in.pinterest.com
To calculate a loan payment in Excel you can use the PMT. PMT rate nper pv fv type rate The interest rate per period. We make monthly payments so we use 612 05 for Rate and 2012 240 for Nper total number of periods.
In cell C6 the PMT function calculates the monthly payment based on the annual rate which is divided by 12 to get the monthly rate the number of payments periods and the loan amount present value.
In the example shown the formula in F4 is. Consider an investment with an annual interest rate of 8 and a present value of 0. FVratenperpmtpvtype For a more complete description of the arguments in FV and for more information on annuity functions see PV. In which three are compulsory and two are optional.
