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

The PMT function in Excel is a financial function used to calculates the payment of a loan based on payments and interest rates. The formula for the PMT function is PMT (rate,nper,pv, [fv], [type]).

The PMT function is an Excel Financial function that returns the periodic payment for an annuity. The formula for the PMT function is PMT(rate,nper,pv, [fv], [type]).

Payment (PMT) Function: Plan Loan Repayments The Payment (PMT) function is another essential tool for financial planning, particularly when it comes to managing loans.

This Technology Workshop illustrates how to leverage a number of functions to perform calculations in Excel involving the time value of money.

Trying to do PMT manually is complex and often too time consuming for busy business owners, which is why so many rely on the PMT function in programmes like Excel to support them.