Calculate your Home or Car Loan EMI automatically using PMT ( ). ​#excel #shorts #exceltutorial #new

Master the Excel PMT Function in 60 Seconds! 💸 Planning to take a loan? Don’t rely on online calculators- build your own in Excel! In this video, I’ll show you exactly how to use the PMT function to calculate your monthly EMI (Equated Monthly Installment) for home loans, car loans, or personal loans. 🔍 Rate: How to handle annual vs. monthly interest. Nper: Converting years into total monthly payments. Pv: Entering the loan amount correctly. 💡 The Formula =PMT(rate/12, nper*12, pv) Why use this? Using Excel gives you the flexibility to see how changing your interest rate or loan tenure affects your monthly budget instantly. . . . . . . #ExcelTips #Finance #EMI #ExcelHacks #YouTubeShorts #LearnExcel #LoanCalculator