How to Calculate Your Loan's Monthly Payment Using Excel's PMT Function? 🤔📊

Описание: Learn how to easily calculate your monthly loan payment using Excel's PMT function! In this video, we break down the formula to find the monthly payment for any loan, step by step. Whether you're using Excel or an Excel equivalent, this guide will help you understand how to use the formula correctly. 🌟

We’ll walk through how to find the monthly interest rate, and the exact formula for calculating the payment amount. Using an example, we'll show you how to plug in the interest rate, loan amount, and number of months to get your monthly payment amount. Ready to calculate? Let’s dive in! 💰📉