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Yesterday, 22:29

When using the PMT function in excel to calculate periodic payment rates based on the principal value (pv), number of periodic

payments (nper), and interest rate (rate) for a loan, what is the correct order of arguments to insert?

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  1. Yesterday, 22:39
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    The formula is

    =PMT (rate, nper, pv, fv, type)

    And hence the order of argument is being explained as being mentioned above.

    Explanation:

    =PMT (rate, nper, pv, fv, type)

    Arguments:

    rate - This the interest rates for the Loan.

    nper - This is the total number of payments required to clear the loan.

    pv - This the value at current time. the total amount of the loan to be paid.

    fv - [optional] This is the future value of the loan amount that is being left after the last payment is being done.

    type - this is optional and means when payment are due, and it can be 0 or 1. for the end of the period it is 0 and for the start it is 1. By default it is 0.
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