loan amotization

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alam

alam (Querist)
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06 April 2011 dear sir how i can use pmt function in excel sheet for loan amotization

Kuldeep Verma

Kuldeep Verma (Expert)
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07 April 2011 Excel PMT function can be used to calculate loan installments where installments are of equal amount.

Just use the following steps:

let Loan amt - 500,000
Interest rate PM - 1% (per month rate as inst. are of monthly basis)
Present value of Loan= loan amt- any down payment, Let 500000-100000(down payment)=400000

Calculation=
=PMT(loan,rate,PV)
that give u Monthly installment amt..

alam

alam (Querist)
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07 April 2011 dear sir thanks for help but i am not able to understand so please give me some example for pmt function in excel
i want calculate monthly installment for one year for loan amount one lack rupees
thanks

Kuldeep Verma

Kuldeep Verma (Expert)
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07 April 2011 give me ur id i will send excel sheet with calculation. also send the interest rate charged by lender.

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