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- To calculate your monthly car payment in Excel, follow these steps:
- Open a new Excel worksheet.
- Enter the variables for your specific loan, including the car price, down payment, and interest rate.
- Use the PMT function to calculate the payment.
- Input the formula "=PMT(rate, number_payments, loan_amount)" in a cell below the numbers.
- Hit "OK" to get the monthly payment12345.
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Follow these steps to calculate your monthly car payment in Excel:
- 1. Open a new Excel worksheet.
www.creditrepair.com/blog/finance/using-microsoft …Select the cell where you want to calculate the monthly payment; this is where you'll insert the PMT (payment) function. The syntax for the function is PMT(rate, number_payments, loan_amount, future_value, type) The only required arguments are the first three for interest rate, number of payments, and loan amount.www.howtogeek.com/793953/calculate-loan-paym…Use the Microsoft Excel function to calculate the payment. Input the formula “=PMT (B1/12,B2,B3,B4)” in a cell below the numbers. Type “=PMT (“ and click on the cell with 7.00% so “B1” appears after the left parentheses. Type “/12,” (including the comma).www.wikihow.com/Calculate-Auto-Loan-PaymentsIn cell A4, use the Excel formula =PMT (A2/12, A3*12, -A1) to calculate the monthly payment. Excel is pretty awesome with its formulas, and the PMT function is perfect for calculating loan payments.www.solveyourtech.com/how-to-create-an-excel-ca…How to Calculate the Cost of a Car Loan in Excel
- Launch Microsoft Excel.
- Open a new worksheet and save the file with a descriptive name such as "Car Loan. ...
- Create labels for the cells in A1 down through A6 as follows: Car sale price, Trade-in value, Down payment, Rebates,...
- Enter the amounts for each item from your proposed car loan in cells B1 down through B5. The car sale price is...
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