Master the PMT Function in Excel: Loans & Savings Explained! 💰🎓 Learn Excel with our full online course designed to get you confident and proficient in no time. 💡 Stop piecing it together—start excelling today! Try it for free for 7-days 🔥 👉 https://www.excel-university.com/yt
Want to easily calculate loan payments or set savings goals in Excel? In this quick tutorial, I’ll walk you through the PMT function, a powerful tool for financial calculations. We'll start with traditional loan payments, then dive into a surprising way to use this function to become a millionaire! 🚀
📌 What You’ll Learn:
✔️ How to calculate monthly loan payments with the PMT function
✔️ The importance of matching time periods (monthly vs. annual)
✔️ Using Future Value (FV) for balloon payments & interest-only loans
✔️ How to set savings goals—find out how much to save each month!
🔹 Whether you're managing debt or planning your financial future, this Excel function will simplify your math and help you make smarter money decisions.
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📢 Drop a comment below: What financial goal are you working on?
Chapters in this video:
00:00 - Introduction
00:26 - Exercise 1
03:33 - Exercise 2
05:55 - Exercise 3