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Philam Life Loan Calculator  Form

Philam Life Loan Calculator Form

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Video instructions and help with filling out and completing Philam Life Loan Calculator Form

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Instructions and help about Philam Life Loan Calculator

[Music] in this Excel video I will show you how to use the PMT function or payment function in Microsoft Excel to calculate the monthly payment for a loan so here we have a spreadsheet with a list of different interest rates and different lengths of loans that people may be seeking and then also total loan amounts so let's say someone is planning to buy a house that's worth $548,000 that's the asking price they're looking for a loan of 30 years in length and they're probably going to get 7% interest rate what would their monthly payment be Excel can help us calculate this let's take a look so here on Cell E3 I'm going to click I'll type equals and then PMT for payment I'll put in my left parenthesis and then you can see what Excel is looking for first it's looking for the rate what's the interest rate in this case it's here in column B cell B3 so I'll click there and then this point

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