![]() ![]() The payment calculated by PMT includes principal and interestīut does not include taxes, or other fees that might be associated.If payments are due at the beginning of the period. Payments are due at the end of the period. If omitted, it is assumed to be zero, and You want to have left after the last payment. It is the future value, or the balance that Pv is the present value also known as the principal.Nper is the total number of payments for the loan.Rate is the interest rate for the loan.There are three required arguments, and 2 optional arguments: The PMT function has the following arguments in its syntax. Calculate the payment due for a Canadian mortgage loan, with interest. ![]() Calculate the monthly payment due on a personal loan.The PMT function returns a payment amount, so you can use it to: More Excel Functions Tutorials How Could You Use PMT?
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