# what is the full form of pmt in excel

I'm looking for "pmt in excel" full form

1 Answer

**PMT** is one of the financial functions, calculates the payment for a loan based on constant payments and a constant interest rate.

For example, if you are applying for a two-year car loan with an annual interest rate of 7% and the loan amount of $30,000, a PMT formula can tell you what your monthly payments will be.

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