Effortlessly Calculate Loan Payments Using Excel - Excel

If you're in the market for a loan or comparing mortgages, you'd eventually want to know how much money that's needed on a monthly basis to pay off the loan. With the PMT functions you can just plan out your variable (or arguments) like the rate, period, loan amount (or present value (PV)) and just plug it in to the PMT and get your monthly payment amount. It's easy to figure out how much you'll owe the bank or loan originator now! Here's an Excel #shorts video to show you how.

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