Home

How to Make payment calculations with MS Excel's PMT function

May 7, 2010 03:02 PM

Financial spreadsheet showing borrower and lender perspectives on loan payments at a specific interest rate.

Whether you're interested in learning Microsoft Excel from the bottom up or just looking to pick up a few tips and tricks, you've come to the right place. In this tutorial from everyone's favorite digital spreadsheet guru, ExcelIsFun, the 47th installment in his "Highline Excel Class" series of free video Excel lessons, you'll learn how to use the PMT function to calculate payments. Specifically, this video addresses the following topics:

1. Monthly loan payment at the end of each month from the borrowers point of view.

2. Monthly loan payment at the beginning of each month from the borrowers point of view.

3. Monthly loan payment at the end of each month from the lenders point of view.

4. Monthly loan payment at the end of each month from the borrowers point of view with a Balloon payment during the last period.

5. Quarterly payment for a loan when payments are delayed during first year.

You already know how to use your phone. With Gadget Hacks' newsletter, we'll show you how to master it. Each week, we explore features, hidden tools, and advanced settings that give you more control over iOS and Android than most users even know exists.