What function does one use to calculate emi on excel

Ad

The function in Excel for calculating EMI is not EMI but PMT. It requires minimum three arguments. They are 1. Rate of interest (Rate), 2. Number of periods (Nper) and 3. Value of loan or present value (Pv) in that order, that is, PMT (Rate, Nper, Pv)
If you want to find EMI for 1 lakh at 10% annual interest for 10 years you enter the following in one of the cells:
= pmt(10%/12, 10*12, 100000)

Borrowed from http://www.hindu.com/pp/2004/02/28/stories/2004022800160500.htm

Posted on Nov 09, 2007

Ad

Hi,

A 6ya expert can help you resolve that issue over the phone in a minute or two.

Best thing about this new service is that you are never placed on hold and get to talk to real repairmen in the US.

The service is completely free and covers almost anything you can think of (from cars to computers, handyman, and even drones).

click here to download the app (for users in the US for now) and get all the help you need.

Good luck!

Posted on Jan 02, 2017

Ad

Every borrower can calculate your loan EMI with three methods -

**1. Formula Based:**you can calculate your loan EMI with the help of given formula-

E = P x r x (1+r)n / ((1+r)n - 1)

where,

E = Each month payable EMI

P = Principal loan amount

r = Rate of interest

n = Duration of the loan

**2. Excel Based:**

You can also calculate your loan EMI with the help of excel sheet. But before calculating loan EMI, you need to set the above formula in excel sheet.

**3.Online EMI calculator:**

You can calculate your loan EMI with the help of online business loan EMI calculator . EMI calculators can calculate your loan EMI very easily without any cost.

E = P x r x (1+r)n / ((1+r)n - 1)

where,

E = Each month payable EMI

P = Principal loan amount

r = Rate of interest

n = Duration of the loan

Feb 21, 2018 | The Computers & Internet

Banks and Non-Banking Financial Companies use the following formula to calculate EMI of a home loan. This is the formula for calculating compound interest. Applying the same formula for a home loan of Rs 90Lakhs, we get,

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P= Amount borrowed- Here, it will be 90 lakhs

R= Rate of interest per month

N= Number of months in the home loan tenure

Going by the current lending rates followed by the financial institutions, we will consider R to be 9% per annum (to be converted to % per month) and for the loan tenure, we will take 20 years/240 months.

Substituting all values in the above formula, the home loan EMI comes out to be Rs 80,975 per month.

You can easily calculate the EMI for your home loan for any bank or NBFC using a free online Home Loan EMI calculator. You can also find this handy tool on the online portals of most banks and NBFCs. All you have to do is feed in the values in the respective fields and receive the answers.

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P= Amount borrowed- Here, it will be 90 lakhs

R= Rate of interest per month

N= Number of months in the home loan tenure

Going by the current lending rates followed by the financial institutions, we will consider R to be 9% per annum (to be converted to % per month) and for the loan tenure, we will take 20 years/240 months.

Substituting all values in the above formula, the home loan EMI comes out to be Rs 80,975 per month.

You can easily calculate the EMI for your home loan for any bank or NBFC using a free online Home Loan EMI calculator. You can also find this handy tool on the online portals of most banks and NBFCs. All you have to do is feed in the values in the respective fields and receive the answers.

Oct 09, 2017 | The Office Equipment & Supplies

If you are searching a simple way to calculating personal loan EMI then I would like to suggest use online tool for calculating EMI.

Every lender provides the facility of personal loan EMI calculator. Here, you just need to put the inputs in the given form and the EMI amount will be calculated instantly without any hassle.

Every lender provides the facility of personal loan EMI calculator. Here, you just need to put the inputs in the given form and the EMI amount will be calculated instantly without any hassle.

Jun 21, 2016 | Wells Fargo Personal Loan

The "&" symbol is commonly known as "ampersand" and it is a calculation operator. Ampersand can be used in Excel 2010 to join text items from different cells. It functions much similar as "CONCATENATE" function. The output value you will get by using ampersand function will be the same as the one you will get by using CONCATENATE function. For example, =A1 & B1 returns the same value as=CONCATENATE(A1, B1)

To know more about the CONCATENATE/ ampersand function, you can refer to the following webpages:

http://office.microsoft.com/en-in/excel-help/concatenate-function-HP010342288.aspx

(**Important:** Below mentioned link is of a third-party website. We recommend you to update your security software thoroughly before clicking on the link.)

http://excelsemipro.com/2010/08/concatenate-function-or-ampersand-operator-in-excel/

(**Important:** Below mentioned link applies to Excel 2007. Still, you can refer it to understand more about ampersand function.)

http://office.microsoft.com/en-in/excel-help/combine-the-contents-of-multiple-cells-HA010248390.aspx?CTT=1

GuruAid.com

To know more about the CONCATENATE/ ampersand function, you can refer to the following webpages:

http://office.microsoft.com/en-in/excel-help/concatenate-function-HP010342288.aspx

(

http://excelsemipro.com/2010/08/concatenate-function-or-ampersand-operator-in-excel/

(

http://office.microsoft.com/en-in/excel-help/combine-the-contents-of-multiple-cells-HA010248390.aspx?CTT=1

GuruAid.com

Jul 30, 2014 | Microsoft Excel 2010

Formulas are used to specify calculations based on values in designated cells. Excel supports basic calculations as well as statistical, trigonometric and other specialized functions.

Formulas used in Excel must follow a certain syntax.

- All formulas begin with an equals sign
**(=)**. - Some formulas use operands such as
**+,-, *,/**for addition, subtraction, multiplication or division.

For example, the formula =A1+A2+A3 would add the contents of cells A1, A2 and A3. - Other formulas refer to different functions such as SUM, AVERAGE and others.

For example, the formula =SUM(A1:A3) would add the contents for the range A1 through A3. - Formulas can be
**combined with operands.**

For example, the formula =10*SUM(A1:A3) would add the contents cells A1 through A3 and multiply them by 10. - Functions can
**be nested within each other.**

For example, the formula =SQRT(10*SUM(A1:A3)) would take the square root of ten times the sum of cells A1 through A3. When functions are nested, it is important that the number of left parentheses match the number of right parentheses.

Aug 19, 2011 | Microsoft EXCEL 2004 for Mac

For cube roots, use the cube-root function in the MATH menu. For example, to calculate the cube root of 8, press MATH 4 8 =

For other roots (including cube root), use the xth-root function in the MATH menu. For example, to calculate the fifth root of 32, press 5 MATH 4 3 2 =

For other roots (including cube root), use the xth-root function in the MATH menu. For example, to calculate the fifth root of 32, press 5 MATH 4 3 2 =

Mar 02, 2011 | Texas Instruments TI-83 Plus Calculator

The IRR function is provided by Excel so you can calculate an
internal rate of return for a series of values. The IRR is the interest
rate accrued on an investment
consisting of payments and income that occur at the same regular
periods. In the values provided to the function, you enter payments you
make as negative values and income you receive as positive values.

For instance, let's say you are investing in your daughter's business, and she will make payments back to you annually over the course of four years. You are planning to invest $50,000, and you expect to receive $10,000 in the first year, $17,500 in the second year, $25,000 in the third, and $30,000 in the fourth.

Since the $50,000 is money you are paying out, it is entered in Excel as a negative value. The other values are entered as positive values. For instance, you could enter –50000 in cell D4, 10000 in cell D5, 17500 in cell D6, 25000 in cell D7, and 30000 in cell D8. To calculate the internal rate of return, you would use the following formula:

=IRR(D4:D8)

The function returns an IRR of 19.49%.

The ranges you use with the IRR function must include at least one payment and one receipt. If you get a #NUM error, and you have included payments and receipts in the range, then Excel needs more information to calculate the IRR. Specifically, you need to provide a "starting guess" for Excel to work with. For example:

=IRR(D4:D8, -5%)

This usage means that the IRR function starts calculating at –5%, and then recursively attempts to resolve the IRR based on the values in the range.

For instance, let's say you are investing in your daughter's business, and she will make payments back to you annually over the course of four years. You are planning to invest $50,000, and you expect to receive $10,000 in the first year, $17,500 in the second year, $25,000 in the third, and $30,000 in the fourth.

Since the $50,000 is money you are paying out, it is entered in Excel as a negative value. The other values are entered as positive values. For instance, you could enter –50000 in cell D4, 10000 in cell D5, 17500 in cell D6, 25000 in cell D7, and 30000 in cell D8. To calculate the internal rate of return, you would use the following formula:

=IRR(D4:D8)

The function returns an IRR of 19.49%.

The ranges you use with the IRR function must include at least one payment and one receipt. If you get a #NUM error, and you have included payments and receipts in the range, then Excel needs more information to calculate the IRR. Specifically, you need to provide a "starting guess" for Excel to work with. For example:

=IRR(D4:D8, -5%)

This usage means that the IRR function starts calculating at –5%, and then recursively attempts to resolve the IRR based on the values in the range.

Jun 09, 2010 | Microsoft Office Professional 2007 Full...

You can calculate =4^1.2 in Excel and get
5.278031643

And also in Excel you can determine what the square root of 2 is (2.506628274631) and then in Excel = 5 ^ 2.506628274631 = 56.5012395907155.

I know this is late but maybe it will help later. Assuming I am doing it right. Thanks!

And also in Excel you can determine what the square root of 2 is (2.506628274631) and then in Excel = 5 ^ 2.506628274631 = 56.5012395907155.

I know this is late but maybe it will help later. Assuming I am doing it right. Thanks!

Mar 29, 2009 | Texas Instruments TI-30XA Calculator

for example, cell A1 has date (01-01-2008) and cell A2 has current date (08-24-2008) and cell A3 shows total days, is that you want to know? if yes, apply formula as under...

cell A3......(properties set as General to show digits)................ =SUM(A2-A1)

cell A3......(properties set as General to show digits)................ =SUM(A2-A1)

Aug 25, 2008 | Microsoft Office Professional 2007:...

Aug 20, 2013 | Microsoft Office Standard for PC

674 people viewed this question

Usually answered in minutes!

×