The PMT function always returns the answers as a minus figure, even though
technically it isn't. You haven't done your formula wrong - this is just how
it works.

"joemoran7" wrote:


i am doing a spreadsheet 4 a gym. i need to use a PMT function to find
the monthly payment the customer needs to pay.

there is a fee for the membership, a deposit is paid initially, and the
interest rate is 4.75% annual of the amount to be paid.

but when i do this i get a negative figure, which means that the
customer needs 2 pay -£'s a month in order to pay the amount they owe
after they have paid there deposit, this cannot be correct.

please help


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joemoran7