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Thread: Help with PMT formula

  1. #1

    Help with PMT formula



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    Hi there!

    I have an excel sheet which uses the PMT formula but i need to change it because one of the independent variables has now become the dependent one. That is, it is now the required output.

    In brief, is there a way to reengineer the following formula so that I get the value of x? All variables other than x are known.

    c = PMT(r,t,x,ax) + bx

    Thank you!

  2. #2

  3. #3
    Hi,

    I assume the new dependent variable is the Present Value. If yes, you can use the function PV which computed for Present Value. You can take a look at the Formulas Ribbon and go to Financial for more formulas that will suit your needs.

    Regards,
    Peter

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