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 LG216 Worksheet for Calculating Lawful Gambling Monthly Rent 2017-2025

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on the formulas tab there's a number of categories of functions one of those categories is called financial and in that list you'll find one called pmt which stands for payment now payment's very useful because it calculates a repayment figure for you a constant repayment figure based on an amount you borrow at a certain interest rate over a certain length of time so the classic example of this is a mortgage type scenario so here we've got a few figures to play with we're going to borrow 400 000 at 4.25 over 30 years now the payment function goes like this so you start with equals pmt open the brackets now you can follow the screen tip if you'd like but i'm going to click the fx here just to give you the breakdown so you can clearly see what i'm doing now the rate first of all is the 4.25 but imagine that this is a monthly repayment figure we're after we need to divide this by 12 to get the monthly rate the next on

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