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Excel formula: Calculate payment for a loan | ExceljetSchedule Loan Repayments With Excel FormulasHow to use PMT function in Excel with formula examplesHow to Calculate Monthly Loan Payments in Excel 02/06/2021 · Calculating Monthly Car Payments in Excel Calculating a monthly car payment in Excel is similar to calculating a monthly mortgage payment. To start, you’ll need the interest rate, length of loan, and the amount borrowed. For this example, let's say the car loan is for $32,000 over five years at a interest rate: Interest rate: 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 )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 pe

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