Things to know before admitting your kids to school

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Here are few things that you must know or take care of before admitting your kids to school. If you are not taking care of these things, you might be putting you children to wrong school, risking life. Only irresponsible parents do this mistake who all do not love their children or one who are not serious about their children or one who are uneducated. So, let me guide you to few thins that you need to take care of before admitting your children to school. 1. See if school is registered to local registerer (respective government). 2. Check the classroom, bathroom, playground, kitchen, it needs to be clean. 3. Sit in the classroom for 5 to 10 min., see how they lecture children. 4. Check the school fee, other fee, transportation fee, see if you can afford. 5. Check the food they fed to children, how many times, they give food to children. 6. Check the school duration, start and end time, usually for children 4 to 8 hours, see for how long your student can sit in class. 7. Ask for holida...

How to Calculate Periodic Payment for a Loan in Excel

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The PMT function in Excel is used to calculate the payment amount for a loan or an investment. It takes into account the interest rate, number of payments, and the present value or future value of the loan or investment.

The syntax for the PMT function is as follows: PMT(rate, nper, pv, [fv], [type])

Where:

  • rate is the interest rate per period.
  •  nper is the total number of payment periods in the investment or loan.
  • pv is the present value, or the amount that a series of future payments is worth now.
  • fv is the future value, or a cash balance you want to attain after the last payment is made. If this argument is omitted, it is assumed to be 0.
  • type specifies when payments are due. If this argument is omitted, it is assumed to be 0 (payments are due at the end of the period). If type is 1, payments are due at the beginning of the period.

For example, to calculate the monthly payment for a $10,000 loan with an annual interest rate of 5%, to be paid off in 5 years, with payments due at the end of the month, the formula would be:

How to Calculate Periodic Payment for a Loan in Excel

This would return a value of approximately $2,025.07, which is the monthly payment required to pay off the loan in 5 years.

 

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