The PMT function in Excel is a powerful and versatile tool for calculating loan repayments and creating ... With these values in hand, you can now use the PMT function to calculate the monthly ...

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 payment formula (PMT) shows what your monthly loan payment will be for any student loan, given the three piece of information above. (Note that this does not account for any fees you may incur ...

And because Excel recalculates formulas every time you press the Enter key and every time you save and exit, the numbers will never be saved anywhere. NOTE: RAND numbers are between 0 and 1.

PV can be calculated in Excel with the formula =PV(rate, nper, pmt, [fv], [type]). If FV is omitted, PMT must be included, or vice versa, but both can also be included.