PMT function
Returns the periodic payment for an annuity
Syntax
PMT(rate, nper, pv, [fv], [type])Square brackets indicate optional arguments.
Arguments
| Argument | Required | Meaning |
|---|---|---|
| rate | Yes | The interest rate per period.8%/12 |
| nper | Yes | The total number of payment periods in an annuity.10 |
| pv | Yes | The present value, or the lump-sum amount that a series of future payments is worth right now.10000 |
| fv | No | The future value, or a cash balance you want to attain after the last payment is made.0 |
| type | No | The number 0 or 1 and indicates when payments are due.0 |
Try PMT
Calculate a fixed monthly loan payment
=PMT(0.01,12,1200)Calculate a fixed monthly loan payment. The result is checked against a separately authored expected value for the supplied table. You can edit the data to explore the rule.
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PMT · top-level call
=PMT(0.01,12,1200)Follow the cells behind a result
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Reference and compatibility
Univer 1.0.4 / Apache-2.0. Calculation checks cover the supplied examples only. The browser worksheet does not implement every Excel feature, external service or connected data type.