Loan Payoff Formula Excel

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Posted on February 22, 2019 at 16:45 PM

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PMT function - Office Support
PMT, one of the financial functions, calculates the payment for a loan based on constant payments and a constant interest rate. Use the Excel Formula Coach to figure out a monthly loan payment. At the same time, you'll learn how to use the PMT function in a formula. PMT(rate, nper, pv, [fv], [type])
Excel Tip: Determining the Remaining Length of a Loan ...
Excel Tip: Determining the Remaining Length of a Loan Using NPER. Sometimes, such as with a credit card balance, you’ll know the interest rate, payment, and loan amount, but not the term. In this case, Excel’s NPER function (short for number of periods) enables you to calculate the fourth value.
How to use the Excel PMT function | Exceljet
The Excel PMT function is a financial function that returns the periodic payment for a loan. You can use the NPER function to figure out payments for a loan, given the loan amount, number of periods, and interest rate. The Excel PPMT function can be used to calculate the principal portion of a given loan payment.

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