VBA Pmt Function

VBA Pmt Function

Overview of VBA Pmt Function:

VBA Pmt function is categorized as Financial function. This is a built-in Excel VBA Function. This function calculates the number of periodic payments of an annuity. We can use this function in VBA and can’t use in Excel. This function we use in either procedure or function in a VBA editor window in Excel. We can use this VBA Pmt Function in any number of times in any number of procedures or functions. Let us learn what is the syntax and parameters of the Pmt function, where we can use this Pmt Function and real-time examples in Excel VBA.

Syntax of VBA Pmt Function

The syntax of the Pmt Function in VBA is

Pmt(Rate, NPer, PV, [FV], [Due])

The Pmt function returns a double value.

Parameters or Arguments:

The Pmt function has five arguments in Excel VBA.
Rate:The Rate is a required argument.
NPer:The NPer is a required argument.
PV:The PV is a required argument.
[FV]:The [FV] is an optional argument.
[Due]:The [Due] is an optional argument.

Where we can apply or use VBA Pmt Function?

We can use this Pmt Function in VBA MS Office 365, MS Excel 2016, MS Excel 2013, 2011, Excel 2010, Excel 2007, Excel 2003, Excel 2016 for Mac, Excel 2011 for Mac, Excel Online, Excel for iPhone, Excel for iPad, Excel for Android tablets and Excel for Android Mobiles.

Instructions to use Macro Codes

Here are the step by step instructions to use the VBA Pmt function in Excel VBA.

  • Open an Excel workbook.
  • Press Alt+F11 to open VBA Editor window.
  • Go to Insert menu and click on module from the available options.
  • Copy above specified procedures or macros to the VBA editor.
  • Select any procedure from above codes and click on ‘Run’ command or use Keyboard shortcut ‘F5’.

List of VBA Functions:

Please click on below link to go back to see all List of VBA Functions.

VBA Financial Functions List of VBA Functions

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