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+---------------------------------+
| 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()
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