How to Use PMT Formula in Google Sheets or Excel Short

How to Use PMT Formula in Google Sheets or Excel Short

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Sources from Aki Stepinska, • Youtube on Youtube • Published 2 months ago
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To use the PMT formula in Google Sheets or Excel, input the interest rate, number of periods, and loan amount to calculate the monthly payment.

The formula looks like this: =PMT(interest_rate/12, total_months, -loan_amount), where interest_rate is the annual rate, total_months is the loan duration in months, and loan_amount is the principal.

———Step-by-Step Tutorial——
https://youtu.be/aL7dlZ_d15A

———Step-by-Step Article——
https://medium.com/@AkaAkiDesign/calculate-mortgage-payments-in-excel-googlesheets-1efdf0a3f4c6

——RESOURCES—–
PMT Formula:
https://support.google.com/docs/answer/3093185?hl=en

PPMT Formula:
https://support.google.com/docs/answer/3093187?sjid=9898807086248942657-NA

IPMT Formula:
https://support.google.com/docs/answer/3093175?sjid=9898807086248942657-NA

#akaakidesign #akistepinska

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