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StepsMore 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 MONTH in Excel (Formula, Example) | How to Use MONTH Excel =PMT (17%/12,2 12,5400) the result is a monthly payment of $ to pay the debt off in two years. 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 ;· 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" ;· For example, a 30-year mortgage paid monthly will have a total of 360 payments (30 years x 12 months), so you can enter "30 12", "

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