Best Math Formula website. Search anything about Math Formula in this website.
how to find pmt formula. FV or Future Value is the value of the final amount. The PMT function can be used to figure out the future payments for a loan assuming constant payments and a constant interest rate.
How To Calculate The Compound Interest With Excel S Fv Formula Excel Tutorials Excel Tutorials Compound Interest Interesting Things from www.pinterest.com
PMT rate nper pv fv type The PMT function uses the following arguments. PMT function in Excel is used to calculate the payments that need to be paid for any loan or investment amount at a fixed rate of interest with the same constant amount. PMT rate nper pv fv type.
Using the function PMT rateNPERPV PMT 17122125400 the result is a monthly payment of 26699 to pay the debt off in two years.
Then PMT function in excel looks like. In our case the formula goes as follows. The PMT function below calculates the monthly payment. -PMT C30E31E32C33 and output will be 34674.
