... . . 126 Move or Copy a Formula . . . . . . . . . . . . . . . . . . . . . . . 128 08_577639-ch06.indd 11108_577639-ch06.indd 111 3/15/10 2:42 PM3/15/10 2:42 PM 112 To get the most out of Excel, ... interest rate by 12, and you multiply the term by 12. For example, if the annual rate is in cell B2, the term in years is in B3, and the loan amount is in B4, the function PMT(B2 /12, B3 *12, B4) calculates ... Chapter 6 66 Understanding Excel Formulas . . . . . . . . . . . . . . . . . . . 112 Build a Formula . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114 Understanding Excel Functions . . ....