philpark said:
I am trying to find out how to put a format into a
cell to calculate the loan payment.
I assume you mean "formula".
The following might answer your question:
=PMT(r/12, 12*n, -pv)
where "r" is the nominal annual interest rate, so r/12 is
monthly rate; "n" is the loan term in years, so 12*n is the
number of monthly payments; and "pv" is the initial loan
amount.
