### Excel PMT Function

Payment calculates or many poeple may be say PMT is the calculates the payment value. if you want to calculates PMTyou can caluculates by formula but, this articel introducing to PMT function in Excel. The Excel PMT function is a financial function that returns the payment for a loan based on constant payments and a constant interest rate. you can use the PMT function to get the number of payment periods, interest rate, and periodic payment amount.

Arguments

FV = Future Value
PV = Present Value
Rate = Interest Rate per period
Nper = Number of periods
Type = Payment At (Beginning = 1 , End = 0)
Pmt = Payment Value

Step to use PMT function

1. Syntax =PMT (rate, nper, pv, [fv], [type])

2. Select payment schedule (0 = end of period. 1 = beginning of period)

3. Result of payment (PMT)

now, you can know about payment value. for people who want to calculate the PMT. we have program for calculates PMT. this program will help us to know about the PMT so, we don't need to calculate by yourself.

References

Excel PMT Function.[Online].accessed from: https://www.contextures.com/excelpmtfunction.html.[20-Dec-2019]

Excel PMT Function.[Online].accessed from: https://exceljet.net/excel-functions/excel-pmt-function.[20-Dec-2019]

PMT Function.[Online].accessed from: https://support.office.com/en-us/article/pmt-function-0214da64-9a63-4996-bc20-214433fa6441.[20-Dec-2019]

PMT.[Online].accessed from: https://www.excel-easy.com/examples/pmt.html.[20-Dec-2019]

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