The PMT function in Excel is a financial function used to calculate a loan's payment based on payments and interest rates. Learn How to use it.

Key Takeaways: Use Excel to get a handle on your mortgage or loan by determining your monthly payment, your interest rate, and your loan schedule.

Excel can quickly calculate amortization. Microsoft Excel is a widely used spreadsheet program that can use formulas to compute and display values.

Either way, check out these simple Excel formulas to compare different student loan options. This post originally appeared at ReadyForZero. What do you need to get started?

This Technology Workshop illustrates how to leverage a number of functions to perform calculations in Excel involving the time value of money.