‘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 ...

Formulas are powerful tools for performing calculations and analyzing data in Excel. In this beginner’s guide, you’ll learn how to use formulas and explore some popular built-in functions.

In Excel spreadsheets, complex formulas are difficult to enter without making mistakes. Microsoft Excel’s LAMBDA() function can make such errors easier to find.

Letâ s say you want to take a loan but can only pay monthly installments of $1500. Using the PMT function and Goal Seek, you can find out how much you can borrow at a fixed interest rate.