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this video is going to briefly discuss the use of the payment function or PMT function in Microsoft Excel the PMT function is fairly easy to use and itamp;#39;ll tell you what regular payments on a loan amount will be given the number of periods youamp;#39;re going to pay off the loan and the interest rate for that loan so youamp;#39;ll notice in this example that weamp;#39;ve already entered some text labels and a few numbers and fifteen thousand dollar loan and six point five percent interest for four years so now we need to use our PMT or payment function to figure out what that monthly payment is going to be well thereamp;#39;s several ways to enter that payment function if you know a little bit about the formulas you want you can actually just start typing with the equal sign and then PMT and youamp;#39;ll notice that it pops that up and says calculates payment for a loan and if I double click that it puts in the open parentheses and then gives me the various arguments for t
