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formula to calculate monthly payment in excel. In the formula B2 is the annual interest rate B4 is the number of payments per year B5 is the total payments. Be sure you are consistent with the units you supply for rate and nper.
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Be sure you are consistent with the units you supply for rate and nper. Payment per Period. Use the Microsoft Excel function to calculate the payment.
Input the formula PMT B112B2B3B4 in a cell below the numbers.
The number of periods for your loan will be entered in cell B3. Simple you have to provide the function of basic information including loan amount interest rate and duration of payment and the function will calculate the payment as a result. PMTC6 12 C7 - C5. Type IPMT B2 1 B3 B1 into cell B4 and press Enter.
