ModeldrillPMT practice
PMT returns the periodic payment for a loan with a constant rate. Below are the 2 financial modeling exercises on Modeldrill that use it, each checked instantly in your browser.
Syntax
PMT(rate, number_of_periods, present_value, [future_value], [end_or_beginning])
What people get wrong
A yearly rate with monthly periods is the classic mistake: divide the rate by 12 and multiply the years by 12.
financial modeling exercises that use PMT
- Monthly payment for three loansLevel 3Pro
- Quarterly amortization tableLevel 3Pro
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