Using Excel formulas to figure out payments and savings
Excel formulas and budgeting templates can help you calculate the future value of your debts and investments, making it easier to figure out how long it will take for you to reach your goals. Use the following functions: PMT calculates the payment for a loan based on constant payments and a constant interest rate.
PMT function - Microsoft Support
PMT, one of the financial functions, calculates the payment for a loan based on constant payments and a constant interest rate. Use the Excel Formula Coach to figure out a monthly loan payment. At the same time, you'll learn how to use the PMT function in a formula.
CUMIPMT function - Microsoft Support
This article describes the formula syntax and usage of the CUMIPMT function in Microsoft Excel. Returns the cumulative interest paid on a loan between start_period and end_period. CUMIPMT (rate, nper, pv, start_period, end_period, type) The CUMIPMT function syntax has the following arguments: Rate Required. The interest rate. Nper Required.
PMT function - Microsoft Support
PMT, one of the financial functions, calculates the payment for a loan based on constant payments and a constant interest rate. Use the Excel Formula Coach to figure out a monthly loan payment. At the same time, you'll learn how to use the PMT function in a formula.
ISPMT function - Microsoft Support
This article describes the formula syntax and usage of the ISPMT function in Microsoft Excel. Calculates the interest paid (or received) for the specified period of a loan (or investment) with even principal payments. ISPMT (rate, per, nper, pv) The ISPMT function syntax has the following arguments: Required. The interest rate for the investment.
Use Goal Seek to find the result you want by adjusting an input …
For example, suppose that you need to borrow some money. You know how much money you want, how long you want to take to pay off the loan, and how much you can afford to pay each month. You can use Goal Seek to determine what interest rate you will need to secure in order to meet your loan goal.
PMT function - Microsoft Support
How to use the PMT function in Excel to calculate monthly loan payments based on constant payments and a constant interest rate.
Calculate multiple results by using a data table
A two-variable data table can show how different combinations of interest rates and loan terms will affect a monthly mortgage payment. In the figure here, cell C2 contains the payment formula, =PMT(B3/12,B4,-B5) , which uses two input cells, B3 and B4.
PPMT function - Microsoft Support
This article describes the formula syntax and usage of the PPMT function in Microsoft Excel. Description. Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate. Syntax. PPMT(rate, per, nper, pv, …
Financial functions (reference) - Microsoft Support
List Financial functions, such as the DURATION, RATE, and PMT functions.
IPMT function - Microsoft Support
This article describes the formula syntax and usage of the IPMT function, which returns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate.