[<<Previous Entry] [^^Up^^] [Next Entry>>] [Menu] [About The Guide]
+---------------------------------+
|             PAYMENT             |
+---------------------------------+
PAYMENT(<expN1>, <expN2>, <expN3>)

-----------------------------------
Returns amount of each payment on fixed interest loan.
Return value - Numeric
-----------------------------------

<expN1>
        Beginning principal of loan.

<expN2>
        Fixed interest rate per period.

<expN3>
        Total number of payments to be made on loan.

+---------------------------------+
|         Program Example         |
+---------------------------------+
STORE 100000 to principal  && $100,000 beginning principal
STORE .105/12 TO interest  && 10.5% annual interest rate
STORE (20*12) TO payments  && 20 years of monthly payments
? PAYMENT(principal, interest, payments)

-----------------------------------

See Also:  CALCULATE, FV(), PV()

-----------------------------------

See Also: CALCULATE FV() PV()
This page created by ng2html v1.05, the Norton guide to HTML conversion utility. Written by Dave Pearson