The PMT function in Excel is a financial function used to calculates the payment of a loan based on payments and interest rates. The formula for the PMT function is PMT(rate,nper,pv,[fv], [type]).

The PMT function in Excel is a powerful and versatile tool for calculating loan repayments and creating comprehensive amortization schedules. This function is essential for anyone dealing with ...

If assumed that rate = 0, then (pmt*nper)+pv+fv = 0. If you are good at mathematics, you can try to use these formulas with any variables. How to use PMT function in Excel Image: pexels.com Source: ...

You can't have too many Excel tips. These cover some handy shortcuts, and useful functions for calculation payments or generating random numbers.

Using the NPER function (Screenshot 2), enter ‘8%/12’ that is, the expected monthly return in the Rate field; enter ‘-5000’, which is the monthly SIP outflow amount in the Pmt field, put ...