You want to keep the monthly payments at $350 a month, so you need to figure out your down payment. In this formula the result of the PV function is the loan amount, which is then subtracted from the purchase price to get the down payment. Using the function PV(rate,NPER,PMT) =19000-PV(, 3 12,-350) the down payment required would be $6, ;· In fact, Excel has a function built into the program that calculates monthly payments for you. All you need to do is enter the specifics of the loan and you can determine monthly mortgage, car loan, and even student loan payments. Below we walk you through exactly how to calculate monthly payments using ;· Using Microsoft Excel, you can calculate a monthly payment for any type of loan or credit card. This will allow you to be more accurate in your personal budgeting and to allocate adequate funds for your monthly payments. The best way to calculate a monthly payment in Excel is by using the "functions" ;· The Excel PMT function is a financial function that calculates the payment for a loan based on a constant interest rate, the number of periods and the loan amount. "PMT" stands for "payment", hence the function's name. For example, if you are applying for a two-year car loan with an annual interest rate of 7% and the loan amount of $30,000, a PMT formula can tell you what your monthly payments …How to calculate monthly payment in Excel (with Excel calculator)How to calculate monthly payment in Excel (with Excel calculator)How to calculate monthly payment in Excel (with Excel calculator)Using Excel formulas to figure out payments and savings 08/06/2018 · Calculating monthly payment by using the direct mathematical formula in Excel. This is the mathematical formula that calculates monthly payments: M = (P i)/(q (1-(1+(i/q))^(-n q))) To know more about this formula, check out this link. Here, M is monthly payments; P is the Principal amount; i …Find and highlight the highest or lowest value in a selection with Conditional Formatting. Normally, the Conditional Formatting feature also can help to find and select the largest or smallest n values from a range of cells, please do as this: 1. Click Home > Conditional Formatting > Top/Bottom Rules > Top 10 Items, see screenshot: ;· Re: Calculate Monthly Payment from APR. There is a payment function in excel. You input the rate which can be like 5%/12, the NPR which is the total number of payments, the present value, the future value and type (payment at the first of the month or the end of the month - …

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