How to Calculate Overtime For Monthly Salary Employees

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How to Calculate Overtime For Monthly Salary Employees- I’m seeking clarification on the function used to calculate monthly mortgage payments. Among the options – PMT, NPER, PV, and MORT – which one specifically computes the monthly mortgage payment? I’d greatly appreciate insights from the knowledgeable community members.

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    For example, if the standard workweek is 40 hours, and an employee worked 45 hours in a week:

    Regular Hourly Rate = (Monthly Salary / 4.33) / 40
    Overtime Pay = (Regular Hourly Rate * 1.5) * (45 – 40)

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