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What function calculates the payment for a loan based on constant payments at a constant interest rate?
Wiki User
∙ 13y ago
The PMT function.
Wiki User
∙ 13y ago
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What calculates the payments for loan based on constant payment at a constant interest rate?
Simple interest.
What is NPER in Excel?
NPER is a financial function in Excel. It returns the number of periods for an investment based on periodic, constant payments and a constant interest rate.
What Excel function calculates the future value an investment based periodic payments?
FV( interest_rate, number_payments, payment, PV, Type )
How do you prepare a worksheet showing interest payments on a floating rate?
you have to have a sheet with several different interest rates because the rate is floating and not constant.
What is an mortization calculator and where can one be found?
An amortization calculator calculates interest on a mortgage. It uses interest rates and monthly payments along with the total amount of the loan to calculate the amortization. A good website this type of calculator can be found is pine-grove.com.
How do you enter a pmt function to calculate the monthly payments based on the amount to be financed?
PMT function returns the payment amount for a loan based on an interest rate and a constant payment schedule.PMT(interest_rate,number_payments,PV,FV,Type)interest_rate = interest rate for the loannumber_payments = number of payments for the loanPV = present value or principal of the loan (amount to be financed)FV (optional) = future value or the loan amount outstanding after all payments have been made. If this parameter is omitted, the PMT function assumes a FV value of 0.Type (optional) = indicates when payments are due. Type can be one of the following values:0 = payments due at the end of the period (default or if value is left out)1 = payments due at the beginning of the period
When do you use the PMT function in Excel?
The PMT function returns the payment amount for a loan based on an interest rate and a constant payment schedule.The syntax for the PMT function is: PMT(interest_rate, number_payments, PV, FV, Type)interest_rate = interest rate for the loan.number_payments = number of payments for the loan.PV = present value or principal of the loan.FV (optional) = Future value or the loan amount outstanding after all payments have been made. If this parameter is omitted, the PMT function assumes a FV value of 0.Type (optional) = Indicates when the payments are due. Type can be one of the following values:-- 0 = Payments are due at the end of the period. (default)-- 1 = Payments are due at the beginning of the period.If the Type parameter is omitted, the PMT function assumes a Type value of 0.EXAMPLE:Find the monthly payment for a $6,400 loan at an annual rate of 8.25%. The loan is paid off in 2 years (ie: 2 x 12). All payments are made at the beginning of the period.=PMT(8.25%/12, 2*12, 6400, 0, 1)
What is pv in excell?
The PV function is a financial function. It is used to return the present value of an investment based on an interest rate and a constant payment schedule. The syntax is a follows: PV( rate, number_payments, payment, [FV], [Type] ) Rate is the interest rate for the investment. Number_payments is the number of payments for the annuity. Payment is the amount of the payment made each period. If it is omitted, you have to enter a FV value. FV is optional. It is the future value of the payments. If it is omitted, it is assumed to be 0. Type is optional. It indicates when the payments are due. Type can be one of the following values: 0 for when payments are due at the end of the period, which is the default. 1 for when payments are due at the start of the period. If the Type parameter is left out, the PV function sets the Type value to 0.
How do i calculate loan payments?
Cut & pase this link into your browser: http://rws.rwstools.com/templateroot/Calculators.asp?PVLID=26316 Or you can do it the hard way: payment = Balance*(int/(1-(1/(1+int)^term))) Balance = the balance of the loan int = the interest rate divided by 1200 term = the number of years to payoff the loan times 12 Also, if you have Microsoft Excel, there is a function that calculates loan payments.
The number of payments in future cash flow has what relationship to interest rate?
The number of payments is directly related to the interest rate.
How does a country calculate their balance of payments?
Their treasury calculates the income gained from all their exports, and expenditure lost from all their imported goods. That difference between the two figures, gives the balance of payments.
What does no payments no interest mean?
As far as credit cards/credit accounts, you will not have to make any payments and no interest will be added till said date.
