How to calculate equal payments based on different interest rates?
How do you calculate equivalent replacement payments?
Quote: And conversely P is equal to s times 1 plus R T to the minus 1 it is going back in time. And with compound interest of course the same thing we just have s is P times 1 plus I to the N.
How do you calculate PMT manually?
The format of the PMT function is:
- =PMT(rate,nper,pv) correct for YEARLY payments.
- =PMT(rate/12,nper*12,pv) correct for MONTHLY payments.
- Payment = pv* apr/12*(1+apr/12)^(nper*12)/((1+apr/12)^(nper*12)-1)
What is the formula for monthly payments in Excel?
PMT, one of the financial functions, calculates the payment for a loan based on constant payments and a constant interest rate. Use the Excel Formula Coach to figure out a monthly loan payment.
Example.
| Data | Description | |
|---|---|---|
| =PMT(A2/12,A3,A4) | Monthly payment for a loan with terms specified as arguments in A2:A4. | ($1,037.03) |
How do you calculate future value in Excel with different payments?
To convert an annual interest rate to a periodic rate, divide the annual rate by the number of periods per year:
- Monthly payments: rate = annual interest rate / 12.
- Quarterly payments: rate = annual interest rate / 4.
- Semiannual payments: rate = annual interest rate / 2.
How do I calculate interest payments in Excel?
Excel IPMT Function
- Summary. …
- Get interest in given period.
- The interest amount.
- =IPMT (rate, per, nper, pv, [fv], [type])
- rate – The interest rate per period. …
- The IPMT function can be used to calculate the interest portion of a given loan payment in a given payment period.
How do I calculate principal and interest payment in Excel?
You can download the free practice Excel workbook from here.
- Calculate Principal and Interest on a Loan.xlsx.
- =PPMT(rate, per, nper, pv, [fv], [type])
- =IPMT(rate, per, nper, pv, [fv], [type])
- =PPMT(C8,C9,C11,-C5,C12,C13)
- =IPMT(C8,C9,C11,-C5,C12,C13)