Best Math Formula website. Search anything about Math Formula in this website.
how to use pmt formula on excel. In the example shown the formula in C10 is. For example if you take a loan of 10000 at 6 annual interest over 4 years you can use the PMT function to calculate what the monthly payment on the loan will be.
Fv Function Examples How To Use Fv Function Excel Formula Excel Formula Excel Shortcuts Finance Function from www.pinterest.com
To find the monthly payment for the same loan use this formula. Here we again took the annual rate of 5 and the loan amount as 25000. PMTC6 12 C7 - C5.
For this example click cell D2.
Find Monthly Mortgage Payments Using Excel PMT Formula. Summary To calculate a loan payment amount given an interest rate the loan term and the loan amount you can use the PMT function. It will be labeled fx 7 Search for the PMT Excel formula if it is not shown in the list. Then PMT function in excel looks like.
