News
Select PMT from the Select a Function group and click OK. A Function Arguments dialog box will appear. Inside the dialog box, where you see Rate, type B3 /12 in the entry box.
The Excel formula used to calculate the lending rate is: =RATE (12*B4;-B2;B3) = RATE (12*13;-960;120000) Note that the corresponding data in the monthly payment must be given a negative sign.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback