Excel Formulas to Calculate the Payment for an Annuity ~ Quickly!!
Tags: excelformula, excelformulas
Published: 2021-06-30 10:47:03

---
title: Excel Formulas to Calculate the Payment for an Annuity ~ Quickly!!
published: true
date: 2021-06-24 08:26:21 UTC
tags: ExcelFormula,Excelformulas
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---

Sometimes you need to **calculate the payment for an annuity in Excel**. This article will show you some methods to achieve it. Let’s jump into this article!! Get an official version of ** MS Excel**  from the following link: [https://www.microsoft.com/en-in/microsoft-365/excel](https://www.microsoft.com/en-in/microsoft-365/excel)

[![Calculate the payment for an annuity](https://geekexcel.com/wp-content/uploads/2021/06/Calculate-the-payment-for-an-annuity.png)](https://geekexcel.com/excel-formulas-to-calculate-the-payment-for-an-annuity/calculate-the-payment-for-an-annuity/#main)<figcaption id="caption-attachment-47904">Calculate the payment for an annuity</figcaption>

## Generic Formula:

- If you want to find out the payment for an annuity, you can use the below formula.

**=PMT(rate,nper,pv,fv,type)**

## Syntax Explanations:

- **FV** – In Excel, the **PMT function** will help to return the periodic payment for a loan.
- **Rate**  – It represents the interest rate.
- **Nper** – It is the total number of payment periods (months, quarters, years, etc.) in an annuity.
- **PV** – It represents the present value.
- **FV** – It specifies the future value.
- **Comma symbol (,)** – It is a separator that helps to separate a list of values.
- **Parenthesis ()** – The main purpose of this symbol is to group the elements.

## Practical Example:

Let’s consider the below example image.

- First, we will enter the input values in **Column B** and **Column C**.
- Here we need to calculate the annual payment.

![Input Ranges](https://geekexcel.com/wp-content/uploads/2021/06/Input-Ranges-67.png)<figcaption id="caption-attachment-47902">Input Ranges</figcaption>

- Select any cell and apply the above-given formula.

![Enter the formula](https://geekexcel.com/wp-content/uploads/2021/06/Enter-the-formula-81.png)<figcaption id="caption-attachment-47901">Enter the formula</figcaption>

- Finally, press the ** ENTER**  key, you can get the result as shown below.

![Result](https://geekexcel.com/wp-content/uploads/2021/06/Result-68.png)<figcaption id="caption-attachment-47903">Result</figcaption>

## Wrap-Up:

In this chapter, we have described the formulas to **calculate the payment for an annuity in Excel**. We welcome your **comments** and **questions** about this lesson.

Thank you so much for visiting  **[Geek Excel](https://geekexcel.com/)!! **If you want to learn more helpful formulas, check out [**Excel Formulas**](https://geekexcel.com/excel-formula/) **!! **

### Read Also:

- **[Excel Formulas to Calculate the Present Value of Annuity ~ Useful Tricks!!](https://geekexcel.com/excel-formulas-to-calculate-the-present-value-of-annuity/)**
- **[Formulas for Finding Largest Value Smaller than a Specified Number!!](https://geekexcel.com/formulas-for-finding-largest-value-smaller-than-a-specified-number/)**
- **[How to find Vlookup and Return the Matching Values from Multiple Worksheets?](https://geekexcel.com/how-to-find-vlookup-and-return-the-matching-values-from-multiple-worksheets/)**
- **[Excel Formulas to Compare Future Values Vs Present Value ~ Easily!!](https://geekexcel.com/excel-formulas-to-compare-future-values-vs-present-value/)**