How to Calculate PMT in Excel

1. Open Excel 2010, and click the 'fx' button on the formula bar. Type 'PMT' to locate the PMT function. Press 'Enter' on the keyboard. Click the 'PMT' function.
2. Add the variables to the PMT function. Enter the current interest rate for the loan in the 'Rate' section. Enter the number of payments in the 'Nper' section.
3. Enter the present value of the loan in the 'PV' section. Click 'Ok' to see the loan payment appear in the Excel worksheet.