PMT Excel Function
Calculates periodic loan payments.
PMT Function in Excel: Calculating Loan Payments The PMT function in Excel is a powerful tool for calculating periodic payments for loans with constant interest rates. It’s widely used in financial planning, budgeting, and loan analysis. Syntax and Parameters The function syntax is: PMT(rate, nper, pv, [fv], [type]) rate: Interest rate per period nper: Total […]