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how to do a pmt formula in excel. Nper - The total number of payments for the loan. Here we again took the annual rate of 5 and the loan amount as 25000.
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Nper - The total number of payments for the loan. Using the function PMTrateNPERPV PMT5123012180000 the result is a monthly payment not including insurance and taxes of 96628. How can I manually calculate this without the Excel PMT function.
The first step is to organize the available data Loan Amount Period of loan Interest Rate in an Excel Worksheet.
Next place curser in Cell C8 where you want the result and type PMT This will make Excel provide the Syntax of. Rate required argument The interest rate of the loan. Use the formula in B6 cell PMT B212C2A2 You must be wondering why Interest rate is divided by 12 as Applying the formula in the cell. I need to replicate this function by doing the calculation in the database.
