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excel pmt function math. Off the spreadsheet perhaps by using the NPER for Any Annuity template. Calculate all the variables the function needs.
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Rate required argument The interest rate of the loan. With all that said the above formula is the spreadsheet PMT function at its basic level. Rate nper nt Pv Present value.
Nper required argument Total number of payments for the loan taken.
I discourage analysts from using the PMT function because its hard to remember the order of the function arguments and what they represent and because PMT makes assumptions about day count conventions in the calculation of interest that they sh. Click on Formulas tab in the top Menu bar select Financial from Function Library section and double-click on PMT in the drop-down menu. To be able to choose different periods and specify when the payments are due create drop-down lists with the following. The function has the form.
