PMT explained
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Honest truth: you'll never really use the PMT function in anything other than finance.
And straight up, finance can be boring. So let's just bulldoze through this as fast as possible so we get 'er done.
PMT functions are primarily used with two financial instruments: loans and annuities. But within what aspect of these do PMT functions contribute?
The PMT function is used primarily with loans (to calculate periodical payments) and annuities (to calculate returns).