Learn how to use the powerful Excel PMT Function to help you manage your loan payments and easily calculate detailed loan repayment schedules ...

Use the PMT function to calculate the Monthly Payment, for example, in the photo above, we have the formula =PMT (B2/12, B3, B1), but because there is no value in B2 (Interest Rate), Excel assumes ...

In this tutorial, we want to find the monthly payment. Open Microsoft Excel. Use an existing table or create a table. In the cell opposite monthly payment, type =PMT then bracket. We will now enter ...