How to Calculate Loan Payments with Excel PMT Function

http://www.contextures.com/excelpmtfunction.html Visit this page for written instructions, and to download the sample file.

To calculate a loan payment in Excel, you can use the PMT function. The PMT function calculates the payment for a loan that has constant payments and a constant interest rate.

Enter an interest rate, the number of payments, and the loan amount on the worksheet. Then, refer to those cells in the PMT formula.

Watch this short video to see the steps for setting up a...

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From: Contextures Inc.

Related topics : loan payment calculator excel / interest rates loan / calculating loan interest

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Excel Finance Trick #8: Complete Loan Analysis

See how to use the PMT and RATE functions for a complete Debt/Loan Analysis.

Debt Analysis with input variables: % Down Payment, APR, Years, Points, Extra Fee. See how to calculate Amount to Borrow, Monthly Payment, Actual Cash Received, Adjusted APR, and PMT w Balloon Payment.

In This Series learn 17 amazing Finance Tricks. Learn about the PMT, PV, FV, NPER, RATE, SLN, DB, EFFECT, NOMINAL, NPV, XNPV, and the CUMIPMT functions that can make your financing tasks much easier in Excel. See...

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From: ExcelIsFun

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