Learn how to use the powerful Excel PMT Function to help you manage your loan payments and ... This function returns the last day of the month given a starting date and the number of months to add.

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 ...

By applying the appropriate NPV function for this scenario, =NPV(0.08,26000,27000,28000)+25000, you can calculate that the lease would be capitalized for $94,450, as shown in cell B26 of the ...

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.