Excel 2016 - PMT Function - How to Calculate Monthly Payments - Payment Formula - Formulas Functions

This tutorial shows you how to create a PMT function to calculate a loan payment. The PMT function calculates loan payments based off of a constant interest rate and constant payments. This tutorial shows you how to set up your spreadsheet for this calculation.

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Use the PMT Function to Calculate a Loan Payment

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Remember, the goal of my channel is for you to learn. You can request a video at any time in the comment section, and I will make the video for you. I will make tutorials and simulations and demos for whatever you'd like to learn in our class. So, I encourage you to make a request. I also YouTube Live Stream once a week to answer your questions!

Instructor A Morgan

[noemig]

Imagine that! A quick video that shows you exactly what to do and how to do it! Thanks so much 🙏🏽

[jcmichaelw]

"Excel-lent" explanation of the PMT function in Excel (😄 sorry for bad pun). But seriously, this was a very informative discussion that you broke it down in very simple terms. It is very much appreciated!!!

[Bronellis]

Thank you for assisting me today, you make it so easy to understand this function, your voice is easy to understand, screen is clear.

[annelizevandyk]

Excellent video. I knew nothing about formulas on Excell and I am terrible with calculations. This was super easy.

[tommcdonald]

Excellent tutorial. Especially adding the "minus" sign in front of the PMT function.

[BrixDeRossi]

Great tutorial! So much easier to understand than anything I looked up.

[juanitamurrell]

Thanks for the video it helps explain my homework better than the instructions

[paulmuldrow]

Your tutorial was very helpful. Thank you.

[stacibuzenberg]

Great Video! Simplified the whole PMT function for novice users!

[lifeinprogressnow]

Awesome! Super helpful! Definitely will be following your channel! Thanks so much!

[moinaction]

Very clear explanations. Thank you so much!

[rondickey]

U have explained this very well, for me. Keep up the good work.

[lee-jgeq]

Very clearly explained! Thank you :-)

[eedeatlikkle]

How would you do it for a loan pool, as in sum of like 6000 loans all in once cell?

[soumiamoujane]

What is the formula to total up a shopping list for each month?

[proto]

If i have for example a loan of 150000 and this must be paid in 30yrs and with interest rate 12% and divided in 3 periods where the payments will be annual for the first decade A, 2nd decade 2A and 3rd decade 3A, with which function can i calculate the annual payment A?

[المقطري-وص]

can you make a PLAYLIST TUTORIALS in using Apple's IWORK? since many industries now days are using IWORK instead of Microsoft Office.

[ciaraoconnor]

Hi, do you know how to calculate whether someone is approved or declined a loan on excel?

[crawfordcoreyd]

how can you see within the monthly payment how much is going towards the interest and how much is paying off the principle?

[noahdelarosa]

how to calculate monthly payments towards investment. eg I want 15 million in 10 years with an interest rate on 7.64% per annum. How to tacke?