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

It is the same as calculating simple interest in original mathematics. How do you calculate interest rate in Excel? You can use PMT to calculate the interest rate in Excel.

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 ...

Calculate monthly mortgage payments in Excel. Spreadsheet programs, such as Excel and Google Sheets, include a payment function that can calculate the principal and interest on a mortgage.

How to Calculate a Loan's Monthly Payment in Excel With Tax & PMI. Your monthly loan payment consists of more than just equity and interest payments. If you didn't put down at least 20 percent ...

This Technology Workshop illustrates how to leverage a number of functions to perform calculations in Excel involving the time value of money.