The value of an in-class exercise. A useful in-class exercise can be crafted using Microsoft Excel’s PV and PMT functions. For example, students can create a savings plan for their own retirement and ...

PMT Calculate loan payments The PMT function calculates the periodic payment to repay a loan or fund based on a constant interest rate and a fixed payment schedule.

Suppose you are a project manager using Excel to track your team’s tasks. You have created a database with columns like Tasks, Assignee, Status, and Due Date. Now you want to ch ...

The PMT () function, for example, calculates a loan payment given the number of payments, the interest rate and the principal amount. You use it in a cell formula as the following example illustrates: ...