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how to do a pmt formula in excel. Rate required argument The interest rate of the loan. Click the function shortcut button at the left edge of the formula bar.
Excel Pmt Function Tvmschools Time Value Of Money Excel Function from nl.pinterest.com
The formula in C10 will look like PMT C612 C7-C5. Using the function PMTrateNPERPV PMT5123012180000 the result is a monthly payment not including insurance and taxes of 96628. Then PMT function in excel looks like.
Fv - optional The future value or a cash balance you want after the last payment is made.
Rate 0015 or 15 Periods 25. Click the function shortcut button at the left edge of the formula bar. Next place curser in Cell C8 where you want the result and type PMT This will make Excel provide the Syntax of. Use the formula in B6 cell PMT B212C2A2 You must be wondering why Interest rate is divided by 12 as Applying the formula in the cell.
