Start by creating a sequence of payment numbers using Excel’s SEQUENCE function. For instance, the formula =SEQUENCE(360) will generate a series of numbers from 1 to 360, ...

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]).

Excel's PIVOTBY function allows you to group your figures without needing to recreate your data in a PivotTable. What's more, ...

Note that because this is a payment, Excel will display this number in parenthesis and red font. To avoid that, insert a "-" sign in front of the PMT formula, like below.

In cell B4, enter the formula "=-PMT(B2/1200,B3*12,B1)" to have Excel automatically calculate the monthly payment.For example, if you had a $25,000 loan at 6.5 percent annual interest for 10 years ...

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 ...

We will use Data Table to analyze the impact of different interest rates on the payment. In the attached Excel document on the first sheet, I defined the Loan Amount in cell B1 as 50,000, the Number ...

Now, let’s use the Scenario Manager to compare several sets of interest and term to see how the monthly payment changes: Select B4:C4 (the input cells). Click the Data tab.