Graph Software for Scientists and Engineers

PMT(rate,nper,pv,type)

Calculates the payment for a loan based on constant payments and a constant interest rate.

rate is the interest rate for the loan, consistent with the number of payment periods. For example if the annual interest rate is 9% (0.09) and the payments are made monthly, then rate should be 0.09/12.
nper total number of payments for the loan.
pv present value of the loan, also known as the principal.
type indicates when payments are due. Set to 0 if payments are due at the end of each period; 1 if payments are due at the beginning of each period.

This function is identical to Microsoft Excel's PMT function with a future value of 0.

Payment vs. Number of Payment Periods
Payment vs. Number of Payment Periods
Payment vs. Interest Rate
Payment vs. Interest Rate
Payment vs. Interest Rate and Number of Payment Periods
Payment vs. Interest Rate and Number of Payment Periods
Payment vs. Number of Payment Periods Payment vs. Interest Rate Payment vs. Interest Rate and Number of Payment Periods

See also:

Trigonometric and General Math Functions

$
195.
00
 
RUNS ON
Windows 10,
Windows 8,
Windows 7, 2008,
Vista, XP, NT,
ME, 2003, 2000,
Windows 98, 95
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