A PMT formula in Excel can compute a loan payment for different payment frequencies such asweekly,monthly,quarterly, orannually.This exampleshows how to do it correctly. The PMT function is available in Excel for Office 365, Excel 2019, Excel 2016, Excel 2013, Excel 2010 and Excel 2007. Exc...
To use the PMT formula, you need to provide three key inputs: the interest rate, the number of periods, and the loan amount. To calculate the loan payment, you simply enter the formula in a cell and provide the required arguments. The syntax for the PMT Excel formula is as follows: ...
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Here is the formula that will calculate it: =PMT(C3,C4,,C2) Note that since the payments are monthly, the interest is taken as 5%/12. In case the payments are made annually, you can use 5% as the interest rate (as shown below). You May Also Like the Following Excel Tutorials: Cal...
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TVM FORMULAS DESCRIPTION FORMULA TI BA II+ EXCEL 1 Future Value – lump sum FVn=PV(1+i) N,I/Y,PV,PMT,FV =FV(Rate,Nper,Pmt,PV)Present Valueannuity