The PMT function in Excel is a financial function used to calculate a loan's payment based on payments and interest rates. Learn How to use it.

Learn how to use the powerful Excel PMT Function to help you manage your loan payments and easily calculate detailed loan repayment schedules ...

Key Takeaways: Use Excel to get a handle on your mortgage or loan by determining your monthly payment, your interest rate, and your loan schedule.

The PMT function is an Excel Financial function that returns the periodic payment for an annuity. The formula for the PMT function is PMT(rate,nper,pv, [fv], [type]).

This Technology Workshop illustrates how to leverage a number of functions to perform calculations in Excel involving the time value of money.