excel pmt function house or car loan payment excel one minute quick reference
One of Excel's most popular financial functions is the PMT function. The PMT function will calculate your payments for a loan based on the interest rate, loan amount, and the number of periods. You would use the PMT function to calculate a car or house loan.
Chris Menard's blog post
https://chrismenardtraining.com/post/pmt-function-excel
PMT function arguments
*************
The PMT function has five arguments. Three of the five are required.
* rate - The interest rate for the loan.
* nper - The total number of payments for the loan
* pv - The present value, or the total value of all loan payments now.
* fv - [optional] The future value or a cash balance you want after the last payment is made. Defaults to 0 (zero).
* type - [optional] When payments are due. 0 = end of the period. 1 = beginning of the period. Default is 0.
Microsoft Excel Coach for PMT
https://support.content.office.net/en-us/coach/excelcoach_pmt.html
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One of Excel's most popular financial functions is the PMT function. The PMT function will calculate your payments for a loan based on the interest rate, loan amount, and the number of periods. You would use the PMT function to calculate a car or house loan.Chris Menard's blog posthttps://chrismenardtraining.com/post/pmt-function-excelPMT function arguments*************The PMT function has five arguments. Three of the five are required.* rate - The interest rate for the loan.* nper - The total number of payments for the loan* pv - The present value, or the total value of all loan payments now.* fv - [optional] The future value or a cash balance you want after the last payment is made. Defaults to 0 (zero).* type - [optional] When payments are due. 0 = end of the period. 1 = beginning of the period. Default is 0.Microsoft Excel Coach for PMThttps://support.content.office.net/en-us/coach/excelcoach_pmt.htmlAnd make sure you subscribe to my channel!-- EQUIPMENT USED ---------------------------------○ My camera – https://amzn.to/3vdgF5E○ Microphone - https://amzn.to/3gphDXh○ Camera tripod – https://amzn.to/3veN6Rg○ Studio lights - https://amzn.to/3vaxyy5○ Dual monitor mount stand - https://amzn.to/3vbZSjJ○ Web camera – https://amzn.to/2Tg75Sn○ Shock mount - https://amzn.to/3g96FGj○ Boom Arm - https://amzn.to/3g8cNi6-- SOFTWARE USED ---------------------------------○ Screen recording – Camtasia – https://chrismenardtraining.com/camtasia○ Screenshots – Snagit – https://chrismenardtraining.com/snagit○ YouTube keyword search – TubeBuddy – https://www.tubebuddy.com/chrismenardDISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links I provide, I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel, so I can continue to provide you with free content each week!
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One of Excel's most popular financial functions is the PMT function. The PMT function will calculate your payments for a loan based on the interest rate, loan amount, and the number of periods. You would use the PMT function to calculate a car or house loan.
Chris Menard's blog post
https://chrismenardtraining.com/post/pmt-function-excel
PMT function arguments
*************
The PMT function has five arguments. Three of the five are required.
* rate - The interest rate for the loan.
* nper - The total number of payments for the loan
* pv - The present value, or the total value of all loan payments now.
* fv - [optional] The future value or a cash balance you want after the last payment is made. Defaults to 0 (zero).
* type - [optional] When payments are due. 0 = end of the period. 1 = beginning of the period. Default is 0.
Microsoft Excel Coach for PMT
https://support.content.office.net/en-us/coach/excelcoach_pmt.html
And make sure you subscribe to my channel!
-- EQUIPMENT USED ---------------------------------
○ My camera – https://amzn.to/3vdgF5E
○ Microphone - https://amzn.to/3gphDXh
○ Camera tripod – https://amzn.to/3veN6Rg
○ Studio lights - https://amzn.to/3vaxyy5
○ Dual monitor mount stand - https://amzn.to/3vbZSjJ
○ Web camera – https://amzn.to/2Tg75Sn
○ Shock mount - https://amzn.to/3g96FGj
○ Boom Arm - https://amzn.to/3g8cNi6
-- SOFTWARE USED ---------------------------------
○ Screen recording – Camtasia – https://chrismenardtraining.com/camtasia
○ Screenshots – Snagit – https://chrismenardtraining.com/snagit
○ YouTube keyword search – TubeBuddy – https://www.tubebuddy.com/chrismenard
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links I provide, I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel, so I can continue to provide you with free content each week!
