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To calculate a loan payment amount, given an interest rate, the loan term, and the loan amount, you can use the PMT function. In the example shown, the formula in C10 is: = PMT(C6 12, C7, - C5)Excel Formula Training. Formulas are the key to getting things done in Excel. In this …Excel Formula Training. Formulas are the key to getting things done in Excel. In this …nper - the number of periods comes from cell C7, 60 monthly periods in a 5 year pmt …rate - The interest rate for the loan.; nper - The total number of payments for the loan.; pv - …The rate argument is the interest rate per period for the loan. For example, in this formula the 17% annual interest rate is divided by 12, the number of months in a year. The NPER argument of 2 12 is the total number of payment periods for the loan. The PV or present value argument is 5400. Figure out monthly mortgage payments02/06/2021 · To calculate monthly payments for a loan using Excel, you

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