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Excel 2007 : Wrong Result of Function PMT

  1. #1
    Registered User
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    01-07-2011
    Location
    UAE
    MS-Off Ver
    Excel 2007
    Posts
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    Wrong Result of Function PMT

    Hi, I am getting a problem in function AMT. It is not giving the right answer. Could someone help me? I have given these parameters to this function:
    Rate : 0.05
    nper : 5
    pv : 100,000
    fv : 1,000,000
    type : 0

    it should produce the result 157,877.32 while it giving the answer 204,072.28. I have double checked it with function FV using the following parameters.
    Rate : 0.05
    nper : 5
    pmt : 157,877.32
    pv : 100,000
    type : 0

    using this parameter FV function give the right answer of 1,000,000.

    Would be very thankful if someone could help me out....!!

  2. #2
    Forum Moderator alansidman's Avatar
    Join Date
    02-02-2010
    Location
    Steamboat Springs
    MS-Off Ver
    MS Office 2019
    Posts
    18,547

    Re: Wrong Result of Function PMT

    Make your PV -100000 and you will get the proper answer.

    Alan

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