Start by creating a sequence of payment numbers using Excel’s SEQUENCE function. For instance, the formula =SEQUENCE (360) will generate a series of numbers from 1 to 360, representing each ...

The PMT function in Excel is a financial function used to calculate a loan's payment based on payments and interest rates. Learn How to use it.

Formulas are powerful tools for performing calculations and analyzing data in Excel. In this beginner’s guide, you’ll learn how to use formulas and explore some popular built-in functions.

In cell B4, enter the formula "=-PMT (B2/1200,B3*12,B1)" to have Excel automatically calculate the monthly payment.For example, if you had a $25,000 loan at 6.5 percent annual interest for 10 ...