Microsoft Office Tutorials and References
In Depth Information
PMT(rate,nper,pv,fv,type) [Category: Financial]
Calculates the payment for a loan based on constant payments and a constant
interest rate. Guru Tip: there are several gotchas in this function. The rate is
the percentage rate per period of the loan. So, while your car loan might have
a 5.25% interest rate, the monthly interest rate is 5.25%/12. Also, the present
value argument should be negative, as this is money coming out of the bank.
POISSON(x,mean,cumulative) [Category: Statistical]]
Returns the Poisson distribution. A common application of the Poisson distribution
is predicting the number of events over a speciļ¬ c time, such as the number of
cars arriving at a toll plaza in 1 minute.
POWER(number,power) [Category: Math]
Returns the result of a number raised to a power. Guru Tip: this function seems
irrelevant given the carat operator. =POWER(8,7) returns the same result as
PPMT(rate,per,nper,pv,fv,type) [Category: Financial]
Returns the payment on the principal for a given period for an investment based
on periodic, constant payments and a constant interest rate. Guru Tip: Column
C of the image for the ROW function is built using PPMT.
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