Data Analysis

Excel Facts

How to calculate loan payments in Excel?
Use the PMT function: =PMT(5%/12,60,-25000) is for a $25,000 loan, 5% annual interest, 60 month loan.
Provide us with a bit MORE of your setup and requirements.

Dear Sir, Thanks for your kind & prompt reply my data as below
Interest RATE3%Variable 1
Number of Payment30Variable 2
Amount Borrowed$237,189.38 Variable 3
Monthly PAYMENT$1,000.00 If I have 2 variable I setup one on raw & one on column but Now I have 3 I want to know how to set data for analysis

<tbody>
</tbody><colgroup><col><col><col></colgroup>
 
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Sorry, I've been out-of-town a few days...

Are you familiar with the Pmt() Function applied here in Cell D3? In cell D3 all 3 variables are called. Any question? Jim


Excel 2010
ABCD
1
2
33.00%$1,000.00
4
530
6
7237,189.38
Sheet1
Cell Formulas
RangeFormula
D3=PMT(B3/12,B5*12,-B7)
 
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