Loan Payment Calculator In Excel - Excel Tips and Tricks
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YouTubeRabi Gurung
Loan Payment Calculator In Excel - Excel Tips and Tricks
Learn how to quickly create a load payment calculator. =PMT(C5/12,C6*12,C4) C5/12: This converts the annual interest rate into a monthly interest rate. Since there are 12 months in a year, dividing the annual rate by 12 gives the monthly rate. C6*12: This calculates the total number of monthly payments over the life of the loan. By multiplying ...
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