The PMT function in Excel is a powerful and versatile tool for calculating loan repayments and creating comprehensive amortization schedules. This function is essential for anyone dealing with ...

The PMT function is designed to calculate the periodic payment for a loan (assuming constant payments and interest rates). It's a fundamental tool for financial calculations in Excel.

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]).