Advanced Excel

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Fri 18 Apr 2008, 16:07 Delegate Wayne said...

Wayne has attended:
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Excel Intermediate course

Advanced Excel

How is PMT calculated?

Fri 18 Apr 2008, 18:18 Trainer Pete said...

RE: Advanced Excel

Hi Wayne, Thanks for the post, welcome to the forum, in answer to your question;
The PMT function, one of Excel's Financial functions, can be used to calculate the payments for a loan or the future value of an investment. The syntax for the PMT function is: = PMT ( rate , nper , pv , fv , type )
rate - the annual interest rate for the loan.
nper - the total number of payments for the loan.
pv - the present value or the amount borrowed or the "principal of the loan.
fv - future value - for a loan this will be

Excel tip:

Change the Print button so it brings up the Print dialogue box

If you want to bring up the Print dialogue box to check your print settings when you hit the Print button, do the following:

1. Right-click on the toolbar that displays the Print button.

2. Select Customise.

3. Click on the Print button on the toolbar to select it, then hold the left mouse button down and drag the button towards the screen below. The button should come off the toolbar.

4. In the Customise dialogue box on your screen, select the Commands tab.

5. Select File from the Categories list, and then locate the Print... icon (looks like the normal Print button, but the word Print has three dots following it).

6. Click on the Print... icon to select it, then use your left mouse to drag and drop the icon onto the toolbar at the top of the screen.

7. Close the Customise dialogue box.

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Advanced Excel

Advanced Excel

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Excel tip:

Change the Print button so it brings up the Print dialogue box