The PMT function in Excel is a financial function used to calculate a loan's payment based on payments and interest rates. Learn How to use it.

Discover 7 powerful Excel functions that will revolutionize your workflow, automate tasks, and save you hours of time. From ...

Letâ s say you want to take a loan but can only pay monthly installments of $1500. Using the PMT function and Goal Seek, you can find out how much you can borrow at a fixed interest rate.

Kinds of Functions Used in Excel. Microsoft's Excel program, widely used in business, comes with many built-in functions that perform mathematical and logical operations on spreadsheet data.

You can't have too many Excel tips. These cover some handy shortcuts, and useful functions for calculation payments or generating random numbers.