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PMT: Calculating a loan payment

PMT: Calculating a loan payment: Excel 2016: Financial Functions in Depth
PMT: Calculating a loan payment: Excel 2016: Financial Functions in Depth

Most loans, whether between businesses or made by businesses to individual borrowers, are fully amortized. “Fully amoritzed” means that the monthly payments made over the term of the loan pay off the principal and all accrued interest. In Excel, you can calculate the monthly payments required to pay off a fully amortized loan using the PMT function.

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Skill Level Intermediate
2h 38m
Duration
37,956
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Skills covered in this course
Business Spreadsheets Excel

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