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How do you calculate monthly installment payments with Microsoft Excel?
Wiki User
∙ 14y ago
If you have a set number of payments and a constant interest rate, use the PMT function.
PMT(rate,nper,pv,fv,type)
- Rate = Interest rate for the loan
- Nper = Total number of payments for the loan
- Pv = Present Value (total amount a series of future payments is worth now). Also known as Principal
- Fv = [optional] Future Value (cash balance after the last payment). If you omit Fv, it is assumed to be 0 (zero). (e.g., The loan is paid off.)
- Type = [optional] Indicates when payments are due
- 0 or omitted = End of the period
- 1 = Beginning of the period
Wiki User
∙ 14y ago
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C 12%
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Where you can get a installment for laptop at Hyderabad?
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