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excel pmt function mathematical formula. The PMT function can be used to figure out the future payments for a loan assuming constant payments and a constant interest rate. Use the Excel Formula Coach to figure out a monthly loan payment.
How To Calculate Monthly Payment In Excel With Excel Calculator from www.exceldemy.com
What would be the mathematical equivalent for PMT Excel Formula. PMT PV RATE NPER040 PMT41. For the total number of payments multiple it from the total number of years ie 32678.
Syntax of PMT Function PMT Rate NPER PV FV Type.
PMT B1 B2 B3 Please remember that the payment is returned as a negative number because this amount will be debited subtracted from your bank account. Taking the PMT function into account the answer would be 888488 which is the monthly installment that takes into consideration both the interest as well as the principal amount. Pv - The present value the total amount that a series of future payments is worth now. If rate 0 then.
