I am doing an on line class and there is one question I can not answer.
Explain what the following formula does?
PMT function {PMT(D412,E4,-C4)}
If anyone could help me please. I think its to find out how much interest is
paid but I am not sure.
Thanks again
Chelle

Hi Chelle,

Look in Excel Help for PMT.

From Help:

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PMT

Calculates the payment for a loan based on constant payments
and a constant interest rate.
-------------------------------------------------------

Help provides a full explanation ot the function's syntax and provides
examples of use.

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Regards,
Norman


"Chelle" wrote in message
...
I am doing an on line class and there is one question I can not answer.
Explain what the following formula does?
PMT function {PMT(D412,E4,-C4)}
If anyone could help me please. I think its to find out how much interest
is
paid but I am not sure.
Thanks again
Chelle