Use The PMT Function In Excel To Answer TVM Problems - Calculate Retirement Payments
Here I show you the basics of the PMT function with a retirement planning example to calculate the quarterly payments needed to reach a goal retirement fund.
The PMT function is a financial function used in Excel to calculate the payment for a loan. The function uses constant payments and a constant interest rate as a basis.
====== PROFILE ======
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===== CHAPTERS =====
00:00 Start
00:30 Dashboard
01:00 Retirement Payment Problem
02:50 Payment Function
======== TAGS ========
#excel #msexcel #exceltutorial #exceltips #excelfunctions #excelformula #retirementplanning #retirement #pmt #timevalueofmoney