Sign in to join the conversation:
Is there a similar function to PMT? =PMT(rate, period, pv, fv) etc? Have not been able to find one. Thank you.
Hi David—
There isn't a similar function to PMT in Smartsheet.
You may need to consider storing the values (rate, nper, pv, [fv], [type]) in specific cells and then manually calculate with a formula.
This is equation with 4 columns (ignoring two optional args in PMT)
=(Pv@row * R@row / IntPer@row) / (1 - (1 + R@row / IntPer@row) ^ (-n@row * IntPer@row))
R = APR %
Pv = present value
IntPer = interest periods per year
n = term in years
Craig
Hi All,
I have the same requirement to re create the excel formula "PMT". The above formula does not include the future value and type aspects.
Also the Amortisation Template in SS doesn't line up with the required calculations either.
Trying to build a quote calculator for our customers to use.
The file attached shows the working out of the Excel formula.
Excel formula =PMT(rate,nper,PV,[FV],[Type])
The PMT function syntax has the following arguments:
Any help would be greatly appreciated!!!
This has ALREADY been solved by Mr Williams above but thought this might be useful for someone else to visualise it...
Using the above I initially created helper columns named the same as the references in the formula
Then realised what it was doing and made the following formula from the entries in a single column called "Loan Values":
=ROUNDUP(SUM(($[Loan Values]$4 * [Loan Values]2 / 12) / (1 - (1 + [Loan Values]2 / 12) ^ (-$[Loan Values]$3 * 12))), 2)
(Works with or without absolute references "$". The Yellow cells are my User Entry variables. Work in progress)
The "12" is the number of months in a year just in case that wasn't clear.
Also, I used another one of Mr Williams' tips from another thread for the Date. Using a Date column type on the far left, I then used:
=([Start Date]@row + "")
This displays the "date" as plain text in my loan values column. The end date is then worked out automatically using this formula:
=([Start Date]7 + SUM([Loan Values]3 * 365) + "")
Why? because when I create a report for display on dashboards I will exclude the Date Column for a neater look.
ROUNDUP to 2 places is also used BUT not needed really.
The layout is inspired by a free Microsoft template
Nice work @ON_Again
@J. Craig Williams
I don't suppose you happen to have a Smartsheet solution set up for present value (PV). I'm looking at this excel explanation and am at a loss of how to recreate it in Smartsheet.
Thanks,
Hello, I'm seeing this error for the first time as I expand some capability in an existing workflow. Here's how this section with the error works. Scenario: a user puts in a request on the form with a check box indicating they will later upload the required file attachment. Automation sends a request for Approval with…
I have a task that started in Sept and ends in Feb. I need to assign it to someone else, but do not want to lose the history of the first employee. How do I do this?
Starting a couple of days ago, I started getting 2 or more emails a day about my account being activated. I have a monthly subscription but have never received this type of email from Smartsheet. The email looks legitimate - the sender is "reply_to@Smartsheet .com" - except for maybe the greeting, which is "Dear Customer".…
