How To Calculate Loan Payments Using The PMT Function In Excel

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This video tutorial explains how to calculate loan payments using the PMT function in excel. It explains how to calculate the monthly payment given the principal and annual interest rate. It also determines the total cost of the loan with the total interest paid over the lifetime of the loan.
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29 июн 2024

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Комментарии : 130

@TheOrganicChemistryTutor 5 месяцев назад

Final Exams and Video Playlists: www.video-tutor.net/

@ube-23s 3 месяца назад

Can you calculate it without a calculator/formula.?

@jgideon27 3 года назад

Man, you're great. I love how you take an excel lesson and turn it into life lessons - get that interest down is right!

@HelenaAkorli-lk4gs Месяц назад

Thanks for this information.. actually was stuck with a little task given to me by my tutor and of course I have sorted it out because of this man's information

@kiawilliams5541 3 года назад

Straight to the point! You made it so easy!! THANK YOU!!

@susanaspiegel7692 3 года назад

Thank you so much for this video! I experience a lot of anxiety when it comes to doing math problems to the point where adrenaline kicks in. Your video helped me figure it out in just a few minutes and I'm so grateful to you.

@mhelbrinas386 2 года назад

Sinigang na isda

@paulmccoy2334 Год назад

Really help me out alot to understand how it's calculated

@cristinasmith1092 4 года назад

THANK YOU SO MUCH!! YOU ARE AMAZING. I'm taking accounting online for the summer and it's been rough. Seriously I owe you a huge thank you! God bless

@donny4405 2 года назад

This Channel literally has EVERYTHING! I love this, helped me in my Excel class!

@apathetic5913 3 года назад

Thank you for taking your time to teach us. I understand this way better than my teacher explained. This will be very beneficial for my upcoming math assessment! 👍

@teconlilian4080 2 года назад

You SAVED my day! Very well explained. Thank you so much!

@nacho8049 Год назад

So clear and perfectly explained. Thanks for this great video!!

@kyasane 3 года назад

Great video! Thank you so much for this! Absolute life saver.

@GrandMastaYosh 2 года назад

Thank you! This helped with my final project...

@LoneStarStinger 4 года назад

Omg you just helped me so much. This is EXACTLY what I needed for my math project

@thebatmanwhoeatsnachos2863 3 года назад

Same lol ,dumb taco truck interest project

@SR-sk6py 2 года назад

Had problems with these questions; thanks for your video , this help me a lot 👏.

@Tendertroll1 4 года назад

Thanks so much, this helps me a lot before I head into the dealership !

@LegendaryBoneThugs 11 месяцев назад

saved me HUNDREDS of dollars on new HVAC system and Car Loan. Thanks, really easy to follow along!!

@anayelizuniga1503 Год назад

Thank you so much. I have been struggling even after other people had shown me. You made more easy and understanding.😊

@zindela210 2 года назад

Thank you so much. Excel spreadsheet was so helpful. I am an engineer and I really got stuck with this financial problem 💲💲💲 #SouthAfrica 🌍

@rayson0101 2 года назад

Man, thank you so much. Your explaination save me a lot of troubles. Appreciated, Good video!

@anthonyrivera5490 3 месяца назад

I'm so glad I saw this video. I wanted to know how to get rid of the negative monthly payment, and you showed me how. Thank you very much, I really appreciate it!

@FunnyFernandez Год назад

God bless you !!! Was stuck on this damn thing for 2 hours RU-vid was my last hope

@Sylvia.Torres 7 месяцев назад

Great video! Thank you!

@ecinaj026 4 года назад

Thank you so much for this video, I finally have done the assessment that I was struggling for a few days on how to work it out.

@sunnypandey1920 4 года назад

Pls help me dear

@tejashreeambawade6266 Год назад

Thank you. Your efforts are much appreciated

@tomosmells 2 года назад

Simple and to the point, nice vid

@BrittanyAllen01 2 месяца назад

Thank you for the information and helpful tips😊

@accountsmarronbrosltd3254 2 года назад

Thank you so much. Now I can make decisions with this formula.

@raeleneeldridge436 11 месяцев назад

Very clearly explained. Thank you

@IsThisPaulYin. 2 месяца назад

Bro, how you know everything? When I was high school, I used to watch your videos for my cal class and AP chem, and now I am in college studying finance. And I was watching this video to learn some tips on using excel and the voice sounded familiar, and I saw it's you again. Thanks for your videos, helping me through my career!

@Leslie.mp3 3 года назад

You just saved my life, I was so lost on this chapter of my excel course, and my exam is due this week! You are a great teacher!

@ayseriraq100 2 года назад

Appreciated your kindly offer your explanation are great.

@Elly-gu5wn 2 года назад

I thought this is just a tutorial about excel and calculation. A bonus words of wisdom in the end. Which i always hear from my any person who doesn’t want to use debt. I’ll rather used debt to produce more income out of it.

@TheBlunderBoard 3 года назад

Thanks a lot, you help me to fix a little issue i had on my excel sheet

@sxylkn36 5 лет назад

Thank You for sharing!!

@chamnabkem5459 4 года назад

Such a useful source to watch! Thanks sir for this wonderful video ❤️

@Jags22079 Год назад

Thank you for the video

@sankettrama1472 4 года назад

Thanks it helped ... Love from India

@koran_4e271 Год назад

Thank you this was very helpful

@als2ff27 11 месяцев назад

Thank You man! Appreciate it :)

@IceLyle Год назад

You helped solve the mystery for us thanks very much

@tanisha9069 Год назад

this man knows everything

@kirkwhitfield5257 Месяц назад

brilliant video learnt how much my mortgage will cost

@kg655 4 года назад

Thank you! I really appreciate it.

@sandimarielavati2354 4 года назад

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@christopherhillsofficial 2 года назад

School never thought me shit. Another weapon added to my knowledge 🔥🔥

@sklee1644 2 года назад

Thanks. It is very clear.

@keyettashelton 3 года назад

Good info thanks so much

@tareqzrekat3611 6 месяцев назад

Thanks man!

@katietravadi2362 3 года назад

god this helped, you covered everything too god bless

@barcyettehenriquezpastene6406 Год назад

Thank you!

@jaymuller6004 3 года назад

Amazing explanation !!! Simple and effective

@TheOrganicChemistryTutor 3 года назад

Thanks!

@jaymuller6004 3 года назад

@@TheOrganicChemistryTutor ....I just watched your other video "How To Create an Amortization Table In Excel"... very well done again

@ifeomachime4771 3 года назад

Very helpful.

@frandygaming9621 3 года назад

Really helped me

@berlindaarmijo9251 3 года назад

Thank you. Well done! Wanted to get an idea for the 5 acres I would like to purchase before I make an appt to the bank.

@RajKaregaKhalsa1984 7 месяцев назад

Great Video

@BaldurKhr 2 года назад

Man, you are amazing

@hyfzyvahlobitana6388 2 года назад

Thank you so much.

@talyakarabulut1634 2 года назад

Really helpful :)

@seanlyons-nt2kz Год назад

Thanks so much

@3gkevh53 3 года назад

Thanks man

@maryoitr600 2 года назад

nice that help ful content

@sevegarza4768 2 года назад

This is a fantastic walk-through. There is one thing I would like to say about the mortgage calculation part around min. 7:20 in the video you mention negotiating an interest rate. In 2022 there is no real way to negotiate your interest rate if you use a conventional loan from a bank or private lender. All of their loan rates are determined by your credit score, income, and debt-to-income ratio.. So rather than try to renegotiate something that isn't negotiable, you could work on improving your debt to income ratio, put more cash down, earn more income, or you can pay down points at closing to reduce your interest rate. Something else to note is that most home loans do not have a penalty for paying them off early.

@keithashford1219 Год назад

I agree with this to an extent. While you may not be able to negotiate with one lender, you are able to shop around to see who will give the better deal.

@christyhart1777 4 года назад

This is great, how would i add the rounding function to 2 places in this formula

@visswaayful Год назад

🙏 thank you

@hubbabt 4 года назад

Annual rate you mentioned here is it the stated rate or it is the effective interest rate?

@Barbie-iy8oq 4 года назад

Thanks allot

@CristhianTR 2 года назад

Good video man! What would happen if the interest in the first 03 years would be 0% and 3.15% for the following 07 years? how could I calculate that?

@kawaiidarkbutterfly5570 3 года назад

I was staring at my computer for a few hours trying to figure out a formula to use that works

@shobhanapatel4113 4 года назад

Thanks for this video But one thing I do not under stand-in a personal loan they take out monthly payment 197.00 then end of the month then 45.00 as withdrawal

@soulvqant 3 года назад

can we still get monthly payment without having loan amount but we have the future value? or do we need to use other financial formula?

@JahidHasan-rt4mz 3 года назад

i wish i could donate something for this channel..

@jukieramus 3 года назад

Does the pmt formula use straight line or reducing balance method ?

@danielm.9552 3 года назад

tysmm

@Dehcorum 4 года назад

If someone was sending it to you would you sign on this? If so where would you sign

@jjsmallpiece9234 4 года назад

If the interest rate is variable, you need to change the number of repayments, if yoy have made some payments at a different interest rate already

@itsreallyalvarez 3 года назад

Can you add a balloon?

@ronnak8427 5 месяцев назад

Is there a way of making a Mortgage calculator with prepayments?

@whitetailfarms05 4 года назад

would you be willing to help build a payment amortization. I have to have insurance and taxes along with extra payments and actual payment made columns.

@eneoji2580 2 года назад

Is this example computation apply annuity??

@sreytouchkong8838 2 года назад

Thank you, if we borrow money from bank the amount 3000$ have 3 years the interest 1.45% for month how we calcuate this ? Thank you

@clearcontentment3695 2 года назад

The best idea is to pay it in install Ments of one dollar over the next two millenniums

@LuisRodriguez-sv3gu 3 месяца назад

For total interest I had to put it like this =-cell-cell if not it would add both cells instead of subtracting. Can someone explain why this is happing?

@mohiuddinbabor8744 3 года назад

If the payment is at the end of the year, what will happen?

@purabkhatiwora6504 2 года назад

How to calculate the amount of time of EMI when we know the principal amount, rate of interest and emi amount?

@MuhammadFarrukh-yr7uk 9 месяцев назад

What if there is a charge off or bad debt in period 7? or if the loan book has an annualised bad debt of 1% per annum.What's the formula then ?

@ambrose_8 2 года назад

Can't seem to find a formula explanation for interest paid after X years, since we know we pay more interest in the first years of a loan.

@Puja_vlogger 2 месяца назад

Which excel you are using

@cavey93 2 года назад

By dividing the interest rate by 12 you are not calculating the proper compound interest per month. Results will not be too different though.

@presncubez Год назад

Very good observation the interest, the monthly interest is not properly calculated

@jjsmallpiece9234 4 года назад

Instant gratification is best, when you have a new car,

@chanelzero0831 2 года назад

WHY IS THERE A NEGATIVE IN C8, I mean how can I get a correct or actual value without the negative its messing up my whole sheet

@zizis9839 Год назад

what if you have the term (20 yrs), the interest rate (7%) and the monthly pymt ($3488). How do you calculate the loam amount?

@LegendaryBoneThugs 11 месяцев назад

Easy, your LOAN AMOUNT is "about" $450,000. Monthly payments of $3,488.85. Total Cost will be $837,322.85. Total Interest Paid $387,322.85 Hope this helps. You're paying almost TWICE what the house is worth. ouch.

@Puja_vlogger 2 месяца назад

Monthly mortgage payment is error It's showing #value !

@saraguerrero2432 2 года назад

how much of each payment is interest?

@TheBioethicist Год назад

When I do the exact same formula it gives me a payment of $8,333. What's going wrong?

@cameronspalding9792 4 года назад

Is this based on compound interest

@sandimarielavati2354 4 года назад

@kinnarikateja5064 4 года назад

Total cost is principal + total interest

@sandimarielavati2354 4 года назад

@jjsmallpiece9234 4 года назад

no point paying increased payments if you can't then afford to buy short term needs like food, power bills etc

@christopherdouglas1711 3 года назад

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