Calculate the annual payment for a $4,000 loan, 3%, 3 years,

[snevitt]

I have a simple need. We are about to make a loan of $4,000 to be paid back
in 3 annual payments (starting in Aril of 2011) at 3% interest. What is the
payment amount.

 

[Niek Otten]

=PMT(3%,3,-4000)

 

[Eduardo]

Hi,

=PMT(0.03,3,4000)