The tutorial shows how to use PMT function in Excel to calculate payments for a loan or investment based on the interest rate, number of payments, and the total loan amount. Before you borrow money it's good to know how a loan works. Thanks to the Excel financial functions such asRATE,...
This formula works only in Excel 365 and it spills values to cell F3 and cells below as far as needed. This makes the loan calculator dynamic meaning it adjusts to the input values in cells C2, C3, and C4 automatically. Back to top Get the Excel file How-to-use-the-PMT-functionv3...
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