879

  1. P

    Why excel PMT functions's outcome is different from my calculation

    Hello all, Below PMT function is giving me 879,16 for 10%, 12 monthes and 10 000. =PMT(D2/12,12,D1) with D2=10%, Can you please explain howdoes excel comes with this 879,16 outcome? In my mind I do the same calculation like: 10% of 10 000 is 1000. A total amount is 10 000 + 1000 = 11 000. I...

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