Use the PMT Function to Calculate Car Loan Payments and Cost of Financing

Описание к видео Use the PMT Function to Calculate Car Loan Payments and Cost of Financing

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The PMT function in Excel can be be used to determine the monthly payment for any fixed-rate loan. By providing information like car loan amount, interest rate, and months, we can calculate the exact monthly payment and then determine the total cost paid for a car.

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