But what if I told you there’s a straightforward way to handle this using Excel’s PMT function? In this guide, we’ll explore how to use this powerful tool to simplify your financial ...

The PMT function is designed to calculate the periodic payment for a loan (assuming constant payments and interest rates). It ...

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]).