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| + | {{tag> | ||
| + | ====== PMT ====== | ||
| + | ===== Description ===== | ||
| + | Calculates payment to be made each period | ||
| + | ===== Parameters ===== | ||
| + | - Rate – interest rate per period (in percents, 50% is 0.5). | ||
| + | - Nper – total number of payment periods in an annuity | ||
| + | - Future value (optional) – future value or the cash balance that is attained after the last payment is made. If omitted assumed to be 0 | ||
| + | - Present value (optional) – present value or the lump-sum amount that a series of future payments is worth right now. If omitted assumed to be 0 | ||
| + | - Type (optional) – indicates when payments are due. 0 or omitted – at the end of the period; 1 – at the start of the period | ||
| + | ===== Example ===== | ||
| + | <code aim>PMT (0.08, 12 * 20, 500, 0, 0) </ | ||