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PMT is PRE-menstrual tension, it lasts for 2 weeks before a period, and it also means POST-menstrual tension, which lasts for 2 weeks after a period.
Excel will automatically calculate and display the monthly payment on the loan. PMT is an Excel function to calculate the monthly payment on a loan, B3/1200 represents the periodic interest rate, B2 12 represents the number of payments made and B1 represents the loan amount.