Learn how to use the powerful Excel PMT Function to help you manage your loan payments and easily calculate detailed loan repayment schedules ...

The PMT function is an Excel Financial function that returns the periodic payment for an annuity. The formula for the PMT function is PMT(rate,nper,pv, [fv], [type]). The NPV function returns 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.