Aside from the PMT formula, Excel provides two other related functions for loan payment calculations: PPMT and IPMT. The PPMT function calculates the principal payment for a specific period, while the IPMT function calculates the interest payment for the same period. These functions complement the ...
PMT Function Examples Example 1 – Calculating the Monthly Loan Amount in a House Mortgage Example 2 – Monthly Payment to Grow Your Investment to USD 100,000 PMT Function Syntax Below is the syntax of PMT function in Excel: =PMT(rate, nper, pv, [fv], [type]) rate: It is the interes...