How to Calculate Loan Interest in Excel

How to Calculate Loan & Interest in Microsoft Excel (PMT, IPMT, & PPMT Functions)

Microsoft Excel can be used to calculate loan payments and the amount of interest and principal in those payments. The PMT function calculates the total loan payment and assumes constant payments and a constant interest rate, which is pretty typical. The IPMT and PPMT functions are related and help us calculate the interest (IPMT) and principal ...

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