WRONG RESULTWrong result
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FINANCE & ACCOUNTING · GOOGLE SHEETS
Verified by JosephineReviewed July 25, 2026✓
PMT
calculate the periodic payment for a fixed-rate loan.
Use PMT to calculate a monthly loan payment. This guide shows the exact structure, a working example and the mistakes most likely to break it.
Verified by JosephineReviewed July 25, 2026✓THE FORMULA
=PMT(rate, number_of_periods, present_value, [future_value], [end_or_beginning])A
rateinterest per period
B
number_of_periodstotal payments
C
present_valuecurrent loan amount
TRY IT YOURSELFChange the sheet.
Change the sheet.
Watch the answer update.
Edit any highlighted cell below. The example recalculates immediately.
| A · INPUT | B · VALUE | |
|---|---|---|
| 2 | ||
| 3 | ||
| 4 | ||
| 5 |
RESULT
$1,368.99Updates liveTry changing a value above. This example runs entirely in your browser.
IN PLAIN ENGLISHHow the formula
How the formula
thinks.
- 01
rateinterest per period
- 02
number_of_periodstotal payments
- 03
present_valuecurrent loan amount
COMMON FIXESWhen PMT
When PMT
doesn’t behave.
FORMULA PARSE ERRORFormula parse error
Check commas, quotation marks and closing parentheses. Your locale may use semicolons instead of commas.
UNEXPECTED BLANKSUnexpected blanks
Test the source cells for hidden spaces, empty strings and inconsistent data types.