WebThis question was asked on Quora. Someone wanted to give a 30% discount if the sales were $3,000 or over. This can be done without absolute reference but it ... WebMar 16, 2024 · Write a PMT formula to calculate the periodic payment based on your cells. In our case, the formula goes as follows: =IFERROR (-PMT (B4/C6, B5*C6, B3, 0, C7), "") Please notice the following things: The fv argument (0) is hardcoded in the formula because we always want zero balance after the last payment.
Go to the Original Content worksheet, which Chegg.com
WebIn cell D6, start to enter a formula using the PMT function. b. For the rate argument, divide the Rate (cell D4) by 12 to use the monthly interest rate. c. For the nper argument, use the Term_in_Months (cell D5) to specify the number of periods. d. For the pv argument, use the Loan_Amount (cell B8) to include the present value. e. WebAug 31, 2024 · The formula that will be entered in Cell H6 is provided below: Cell H6 = If(OR(F6="Express Miles", F6="Rewards"),(E6*G6)*(Discount),0) The formula indicates that if the payment is made through Express Miles or Rewards, than a discount would be applicable on the amount payable and the value of discount to be applied will appear in … city bank vs citi bank
Excel exam Flashcards Quizlet
WebMar 23, 2024 · The PMT Function [1] is categorized under financial Excel functions. The function helps calculate the total payment (principal and interest) required to settle a loan or an investment with a fixed interest rate over a specific time period. Formula =PMT (rate, nper, pv, [fv], [type]) The PMT function uses the following arguments: WebMar 16, 2024 · To find the monthly payment for the same loan, use this formula: =PMT(7%/12, 5*12, 100000) Or, you can enter the known components of a loan in … WebQuestion: Х Task Instructions In cell C9, create a formula using the PMT function to calculate the monthly loan payment using interest rate, and loan period values in cells C4:08. Enter the formula with a - (negative) sign to return a positive value. city bank visa credit card