PMT function

SPSS Data analysis: PMT function

Use the financial information below to construct appropriate tables, charts and graphs to display and discuss the following:

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  • Using the PMT function calculate the monthly repayment figures based on the figures below. You must make use of relative and absolute references where appropriate. Show the formula

 

  • You must also show the total repayments based on the interest rates and the length of the loan. Show the formula

 

  • Summarise your data making effective use of tables, graphs and charts to evaluate the financial implications of the selection of a loan based on interest rate and length.

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