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Function takes rate payment and loan amount and outputs a monthly loan payment amount?
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∙ 10y ago
PMT
Wiki User
∙ 10y ago
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What function in excel takes rate payment and loan amount and outputs a monthly loan payment amount?
The PMT function in Excel outputs a monthly loan payment amount.
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
How do you use a mortgage calculator to figure your necessary down payment?
A mortgage calculator will allow you to put in the amount that you wish to borrow from the bank along with the interest. It will then tell you the monthly payment. The monthly payment will adjust as you increase or decrease the amount of the down payment.
What does monthly payment mean?
A monthly payment means a set amount of money which must be paid each month based on an agreement. This is commonly done for goods and services.
How helpful is a mortgage calculator for estimating a down payment?
The calculator lets you plug in various down payment amonuts to see what your monthly payments will be. This will allow you to determine the proper amount for a down payment, and the peace of mind to know that you can afford the monthly payment.
Function takes rate payment and loan amount and outputs a monthly loan payment amount in excel?
The PMT function in Excel outputs a monthly loan payment amount.
What function in excel takes rate payment and loan amount and outputs a monthly loan payment amount?
The PMT function in Excel outputs a monthly loan payment amount.
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
How do you use a mortgage calculator to figure your necessary down payment?
A mortgage calculator will allow you to put in the amount that you wish to borrow from the bank along with the interest. It will then tell you the monthly payment. The monthly payment will adjust as you increase or decrease the amount of the down payment.
Average cost of a monthly car payment?
The average cost of a monthly car payment is $250. Of course the actual amounts will differ depending on the value of the car, and the amount of the down payment.
What does monthly payment mean?
A monthly payment means a set amount of money which must be paid each month based on an agreement. This is commonly done for goods and services.
What are the features of an automatic payment service?
With your authorization, your bank will withdraw the amount of your monthly payment or bill from your bank account.
How helpful is a mortgage calculator for estimating a down payment?
The calculator lets you plug in various down payment amonuts to see what your monthly payments will be. This will allow you to determine the proper amount for a down payment, and the peace of mind to know that you can afford the monthly payment.
What are some shortcuts on a loan calculator?
Multiply the monthly payment you are required to pay by the percentage interest you are paying. This will give you the amount of your loan each month that goes toward interest. Subtract this number from the total monthly payment for your amount of principle.
How to make extra mortgage payment to principal?
Include the extra payment to your monthly payment and designate on the payment coupon the amount that is to be applied to principal. If it doesn't have a space for that, it's ok. Any additional amount you pay will be applied to principal.
Can a Bank Credit Card Collect Triple on the amount owed?
yes depending on the interest rate and amount of monthly payment
Alternative Payment Frequencies?
Alternative Payment Frequencies Use this calculator to determine your payment or loan amount for different payment frequencies. You can make payments weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually or annually. You can then examine your principal balances by payment, total of all payments made, and total interest paid.
