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...