Excel has a number of advantages that its regular users often don't know about. Being a table processor, Microsoft Excel also provides several tools for economic and statistical calculations and even ...

Microsoft Excel is a powerful tool for personal and professional use. One of its advanced functions that can significantly aid in financial planning is the PMT function. PMT, or payment, is used to ...

So far, we saw how the RATE function in Microsoft Excel can be used to calculate the return on investments, how the FV function can be used to find out how much your investment will grow to in the ...

Yes gentlemen! you too can have PMT. Especially if you are in finance and need to do calculations for loans and the such. This is a function found in the Financial section of functions that calculates ...

I see loads of adverts for all sorts of loans that look so inviting. But wouldn’t you like to see what will be the amount you have to pay back if the rate of interest changes. One such way is to ...

I had always assumed that the Excel PMT formula was the correct formula to use to calculate mortgage payments, but it isn't. On a £200,000 loan, over 10 years at 6%, the difference in the monthly ...