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Start by creating a sequence of payment numbers using Excel’s SEQUENCE function. For instance, the formula =SEQUENCE (360) will generate a series of numbers from 1 to 360, representing each ...
In cell B4, enter the formula "=-PMT (B2/1200,B3*12,B1)" to have Excel automatically calculate the monthly payment.For example, if you had a $25,000 loan at 6.5 percent annual interest for 10 ...
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