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7:03
YouTube
Six Minutes. Smarter.
Use the PMT Function to Calculate Car Loan Payments and Cost of Financing
Demo file: https://www.patreon.com/posts/31817534 The PMT function in Excel can be be used to determine the monthly payment for any fixed-rate loan. By providing information like car loan amount, interest rate, and months, we can calculate the exact monthly payment and then determine the total cost paid for a car.
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