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how to use excel pmt function. Its an ideal function for mortgage calculations. As a worksheet function the PMT function can be entered as part of a formula in a cell of a worksheet.
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Rate required argument The interest rate of the loan. The PMT function always gives equal payments at consistent periods. Watch these steps shown in this video about how.
As a worksheet function the PMT function can be entered as part of a formula in a cell of a worksheet.
Click on Formulas tab in the top Menu bar select Financial from Function Library section and double-click on PMT in the drop-down. It can be used as a worksheet function WS and a VBA function VBA in Excel. The PMT function can be used to figure out the future payments for a loan assuming constant payments and a constant interest rate. Nper - The total number of.
