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

‘Excel’ling. Understanding MS Excel functions: PMT The ‘payment’ function can be used to find out how much to invest on a regular basis to accumulate a desired corpus ...

PMT Calculate loan payments The PMT function calculates the periodic payment to repay a loan or fund based on a constant interest rate and a fixed payment schedule.

The reason PMT is such a popular function in Microsoft Excel, and other similar programmes, for business owners is that it takes incredibly complex mathematical equations and makes it very simple.

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.