Syntax

PMT(rate, nper, pv, [fv], [type])

NOTE: For a more complete description of the arguments in PMT, see the PV function.

The PMT function syntax has the following arguments:

Rate Required. The interest rate for the loan.

Nper Required. The total number of payments for the loan.

Pv Required. The present value, or the total amount that a series of future payments is worth now

Fv Optional. The future value, or a cash balance you want to attain after the last payment is made
For loan the value of 0 applies.
Type Optional. The number 0 (zero) or 1 and indicates when payments are due.
0 at the end of the period and 1 at the beginning of the period.

=PMT(rate,nper, pv, [fv], [type]) Rate: Interest rate/12, Nper: number of years X 12, PV = the
For a loan requiring a monthly payment.

Buy a new Car One Payment/year

Cost 25,000
Interest Rate 4.75%
Length of Loan 5
Monthly Payment $468.92
Total Paid on the Loan
Total Interest Paid on the Loan

Buying a Used Pickup

Cost: $14,000
Borrow: $14,000
Interest Rate: 4.94% 5 year loan
Rate 4.94%

Monthly Payment: $263.81

Interest Rate: 6.0% 3 year loan
6%
Monthly Payment:
Loan Amount 14,000
Interest Rate 5%
Term of Loan in years 5
Monthly Payment

Double Variable Table

$264.20 $ 10,000.00 $ 12,000.00
5%
7%
8%
9%
10%
15%
20%
25%
30%

Household Bud
Trash Pickup

Natural Gas
Electricity

Phone
Water

$140 $30 $25 $100 $150

House Loan Car Loan

Interest Rate 4.25% Interest Rate
Length of Loan 30 Length of Loan
Amount of Loan $150,000 Amount of Loan
Monthly Payment Monthly Payment
Buying a house
Down Payment -- may be 10% of the asking price.
Loan is the asking price minus the down payment
Seller: pays realtor fees -- may be 6 - 8% of the price paid for the house
Broker: gets the 6 to 8% -- and then the broker pays some percentage to his real estage agent (maybe 4% or 5%)
guments:

uture payments is worth now; also known as the principal.

ter the last payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0

ts are due.

mber of years X 12, PV = the loan amount.

Credit Card at 28.50%

28.5% $440.13
$26,408.05

In the formula enter the number with no commas.

 Formula must be in G10.
Single Variable Table
$264.20 Loan Amount 14,000
5% Interest Rate 5%
7% Term of Loan in years 5
8% Monthly Payment
9%
10%
15%
20%
25%
30%

$ 14,000.00 $ 16,000.00 $ 18,000.00 $ 20,000.00

Household Budget for Judy and Jerry

January
House Payment

Car Payment
Gas for Car

Insurance

Taxes

Food
HOA

$738 $150 $0 $220 $170 $30 $250

4.75%
3
$15,000
 Seller -- receives the asking price minus the realtor fees.
gent (maybe 4% or 5%)
ture value of a loan is 0.
Double Variable Table
$ 10,000.00 $ 12,000.00 $ 14,000.00 $ 16,000.00 $ 18,000.00 $ 20,000.00
5%
7%
8%
9%
10%
15%
20%
25%
30%
Internet/TV

Eat Out

Other

Total

$140 $120 $250 $2,513

 Household Budget for Judy and Jerr
January

House Payment

Car Payment
Trash Pickup

Natural Gas

Gas for Car

Electricity

Insurance
Phone
Water

Taxes
$140 $30 $25 $100 $150 $0 $150 $0 $220 $170

House Loan Car Loan

Interest Rate 4.25% Interest Rate 4.75%
Length of Loan 30 Length of Loan 3
Amount of Loan $150,000 Amount of Loan $15,000
Monthly Payment Monthly Payment
udy and Jerry

Internet/TV

Eat Out

Other

Total
Food
HOA

$30 $250 $140 $120 $250 $1,775

$140
Electricity

$30
Water

$25
Trash Pickup
$100

Natural Gas
$150

Phone
$0

House Payment
$150

Gas for Car

$0

Car Payment
February

$220

Insurance
$170

Taxes
Household Budget for Judy and Jerry
Judy and Jerry

Internet/TV

Eat Out

Other

Total
Food
HOA

$30 $250 $140 $120 $650 $2,175

 Menu
Coffee Type Tall Grande Venti
Caffe Latte $ 2.95 $ 3.75 $ 4.15
Cappuccino $ 2.95 $ 4.00 $ 4.50
Caramel Macchiato $ 3.05 $ 4.10 $ 4.25
Coffee Mocha $ 2.95 $ 3.75 $ 4.15
White Chocolate Mocha $ 3.10 $ 3.85 $ 4.20
Coffee Americano $ 2.10 $ 3.05 $ 3.70
Cinnamon Dolce Latte $ 3.10 $ 3.25 $ 3.75
Drip Coffee $ 2.10 $ 2.75 $ 3.25

Coffee Orders Coffee Orders

Grande
Caffe Latte
Coffee Mocha Coffee Americano
Drip coffee Coffee Mocha

vLookup uses FALSE for unique identifiers (Exact values)

vlookup uses TRUE for approximate numbers (ranges)

Sales
Sales Person Sales Com. Rate
ID $ 505,000 1.50% xlookup use -1
TM $ 666,000
RT $ 780,000 Use absolute Reference
MS $ 999,000 F4 on a PC
JT $ 333,000 Command - T on a Mac
JM $ 1,100,000
JJ $ 1,020,000
HW $ 890,000
GA $ 340,000
BS $ 190,000
BG $ 250,000
AS $ 777,000
AM $ 888,000
AG $ 505,000
VLOOKUP to calculate commission with approximate match

Name Sales Comm % Commission

Applebee $ 171,900
Bueller $ 93,500
Chung $ 151,200
Crawford $ 119,850
Joyce $ 89,450
King $ 124,500
MacDonald $ 131,100
Richards $ 55,300
Tanaka $ 201,500

VLOOKUP with exact match Data Extraction

1 2 3 4
ID First Last Email
610 Janet McFadden [email protected]
798 Steven Batista [email protected]
841 Evelyn Monet [email protected]
886 Marilyn Stephens [email protected]
622 Jonathan Addington [email protected]
601 Adrian Birt [email protected]
869 Julie Irons [email protected]
867 Erica Baisley [email protected]
785 Harold Clayton [email protected]
648 Sharyn Corriveau [email protected]
604 Leslee Mosley [email protected]
352 Wanda Menard [email protected]
623 Terry Robinson [email protected]
428 Richard Orlandi [email protected]
491 Rita Yeager [email protected]
625 Irene Bishop [email protected]
184 Mildred Shell [email protected]
893 Emma Spurlock [email protected]
645 Julie Stier [email protected]
120 Lori Bader [email protected]
331 Paula Schroer [email protected]
187 Roger Shaffer [email protected]
801 James Burgess [email protected]
451 Maricela Bostick [email protected]
512 Marjorie Pope [email protected]
127 John Moen [email protected]
368 Annette Bailey [email protected]
206 Carol Barger [email protected]
716 Cathy McLaughlin [email protected]
800 Karen Torres [email protected]
670 Mamie Sandberg [email protected]
298 Roy Freeman [email protected]
809 Akiko McNally [email protected]
798 Kenneth Hare [email protected]
183 Virginia McCullough [email protected]
157 Vernon Overstreet [email protected]
895 Thomas Goff [email protected]
605 Randy Main [email protected]
442 Kim McGee [email protected]
798 Tonette Rodriguez [email protected]
848 Linda Martin [email protected]
692 Annie McCutchen [email protected]
210 Donna Bechard [email protected]
480 James Lewis [email protected]
432 Orlando Bailey [email protected]
253 Jonathan Baron [email protected]
540 Donald Wood [email protected]
105 Dianne Braun [email protected]
419 Robert Naquin [email protected]
143 Mary Lund [email protected]
460 Danny Forth [email protected]
727 Joshua Cunningham [email protected]
224 Gaynell Flores [email protected]
354 Larry Domingo [email protected]
766 John Williams [email protected]
244 Jennifer Cappello [email protected]
554 Betty Chambers [email protected]
433 Frank Read [email protected]
476 Gino Smith [email protected]
495 Lucy Rogers [email protected]
633 Susan Irwin [email protected]
544 Migdalia Epperson [email protected]
428 Charles Hood [email protected]
112 Kimberly Gunter [email protected]
444 Ellen Wilson [email protected]
189 Jerry Schaffer [email protected]
599 Joanne Howard [email protected]
567 Jeanette Swanson [email protected]
172 Robert Sipes [email protected]
472 Michael Gutierrez [email protected]
142 Christian Stec [email protected]
361 John Boyer [email protected]
497 James King [email protected]
465 Robert Strange [email protected]
423 Edward Keller [email protected]
477 Laura Washburn [email protected]
604 Lucille Ross [email protected]
597 Courtney Shumate [email protected]
854 Kristin Stroud [email protected]
710 Mary Woolf [email protected]
666 June Morris [email protected]
807 Angel Aviles [email protected]
246 Tricia Higgins [email protected]
364 Ryan Wicker [email protected]
172 Larry Neumann [email protected]
439 Christopher Brittain [email protected]
774 Randy Scott [email protected]
228 Wilfredo Marvin [email protected]
495 Lena Ray [email protected]
742 Mario Johnson [email protected]
686 Mary Weldon [email protected]
263 Michael Ayala [email protected]
724 Frank Hernandez [email protected]
317 Fernando Woodruff [email protected]
246 Rigoberto Kieffer [email protected]
331 Angeline Banks [email protected]
285 Mary Hillyard [email protected]
735 Aurora Hawkinson [email protected]
813 Joseph Norfleet [email protected]
645 Doug Dickson [email protected]
 False: Excact Match
True: Approximate Match

Grande Venti

Match Mode: 0 Exact Match

-1 Smaller
1 Larger
Note: Exact match is the default.

Commission Rate
0 0%
250,000 1%
500,000 1.50%
750,000 1.75%
1,000,000 2.00%
1,250,000 2.25%
1,500,000 2.50%
1,750,000 2.75%
2,000,000 3.00%
 Sales Comm %
$ 50,000 3%
$ 75,000 4%
$ 100,000 5%
$ 125,000 6%
$ 175,000 8%
$ 200,000 9%

5 6
Department Start date ID 610 Enter value here: multiple vlookup fun
Fulfillment 9/19/2014 First Janet Column 2
Sales 5/9/2011 Last McFadden Column 3
Fulfillment 4/1/2014 Email [email protected] Column 4
Fulfillment 3/15/2013 Department Fulfillment
Marketing 11/19/2011 Start date 9/19/2014
Engineering 7/27/2014
Marketing 1/11/2011
Fulfillment 2/21/2012
Fulfillment 6/4/2011
Support 5/2/2013
Sales 5/10/2011
Engineering 7/31/2012
Sales 8/3/2011
Marketing 5/20/2014
Sales 4/17/2012
Fulfillment 9/23/2011
Sales 10/14/2011
Sales 5/11/2011
Fulfillment 3/23/2013
Fulfillment 2/15/2012
Support 5/17/2011
Marketing 9/5/2012
Marketing 2/1/2011
Marketing 5/29/2011
Sales 3/13/2012
Engineering 6/18/2014
Fulfillment 8/6/2013
Fulfillment 7/26/2014
Marketing 7/5/2014
Marketing 3/16/2014
Sales 12/9/2011
Fulfillment 7/8/2014
Sales 4/7/2012
Fulfillment 8/26/2012
Sales 3/29/2013
Fulfillment 12/29/2011
Sales 3/10/2012
Fulfillment 1/27/2012
Marketing 5/23/2014
Sales 11/1/2011
Support 7/17/2011
Sales 1/2/2011
Support 12/27/2014
Sales 3/25/2013
Support 6/3/2012
Sales 2/22/2014
Fulfillment 12/16/2011
Fulfillment 5/30/2012
Engineering 1/18/2014
Fulfillment 1/13/2012
Fulfillment 6/1/2011
Support 9/24/2013
Fulfillment 11/26/2011
Engineering 1/29/2014
Fulfillment 7/25/2014
Fulfillment 3/23/2011
Marketing 10/21/2011
Engineering 6/19/2014
Fulfillment 3/21/2011
Fulfillment 2/12/2014
Engineering 10/18/2012
Support 8/8/2014
Fulfillment 6/16/2013
Sales 3/31/2014
Fulfillment 10/29/2011
Sales 9/5/2011
Marketing 7/23/2011
Engineering 6/26/2012
Fulfillment 4/20/2011
Marketing 8/17/2013
Sales 11/11/2012
Support 6/7/2013
Fulfillment 3/23/2014
Sales 3/21/2014
Support 7/22/2014
Fulfillment 8/19/2011
Marketing 6/1/2011
Fulfillment 3/19/2013
Fulfillment 10/25/2012
Support 3/25/2013
Support 10/5/2014
Support 11/11/2014
Engineering 6/1/2011
Fulfillment 9/1/2014
Engineering 12/13/2013
Support 1/2/2014
Fulfillment 8/21/2011
Fulfillment 5/25/2011
Sales 6/30/2014
Sales 7/19/2011
Support 11/29/2012
Marketing 12/17/2012
Fulfillment 10/21/2014
Sales 3/12/2011
Fulfillment 2/16/2014
Sales 8/14/2012
Support 11/16/2014
Sales 8/19/2014
Marketing 4/13/2014
Fulfillment 11/20/2013
ue here: multiple vlookup functions fill in the rest.
Some Comments about the Assignment

Selling Price of a house 250000

Down Payment (Required)
10% 25000
Loan (subtract the down payment) 225000
Interest Rate 3.20%
Term of Loan 30
Monthly Payment -- use pmt

Seller
Receives Selling Price minus the Realtor Fee
If it is 6% would be selling price minus 6%