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2,732 bytes added ,  02:42, 25 October 2013
Created page with "<div id="6SpaceContent" class="zcontent" align="left"> '''PMT'''(Rate, NoPayments, PresentValue, FutureValue, Type) where, '''Rate''' - represents the interest rate..."
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'''PMT'''(Rate, NoPayments, PresentValue, FutureValue, Type)

where,

'''Rate''' - represents the interest rate for the loan.

'''NoPayments''' - the total number of payments for the loan.

'''PresentValue''' - represents the present value.

'''FutureValue''' - represents the future value.

If omitted cosidered as a 0.

'''Type''' - represents payments due.

'''Type              Payment Due'''

0 or omitted    end of the period

1                     beginning of the period

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

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If Type other than 0 or 1, PMT returns the #ERROR.

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PMT

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Lets see an example in (Column1, Row6)

<nowiki>=PMT(0.2/12, R2C1, R3C1, R4C1, R5C1)</nowiki>

PMT returns -10333.287654.

Consider another example

<nowiki>=NPER(0.1/12,50,52000,1,4)</nowiki>

It returns #ERROR.

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<div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div>
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<div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div>
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<div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div>
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<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
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{| id="TABLE3" class="SpreadSheet blue"
|- class="even"
| class=" " |
| Column1
| class=" SelectTD ChangeBGColor SelectTD" |
<div id="2Space_Handle" class="zhandles" title="Click and Drag to resize CALCI Column/Row/Cell. It is EZ!"></div><div id="2Space_Copy" class="zhandles" title="Click and Drag over to AutoFill other cells."></div><div id="2Space_Drag" class="zhandles" title="Click and Drag to Move/Copy Area.">[[Image:copy-cube.gif]]  </div>Column2
| Column3
| Column4
|- class="odd"
| class=" " | Row1
| class="sshl_f" | 20%
|
|
|
|- class="even"
| class=" " | Row2
| class=" " | 5
|
|
|
|- class="odd"
| Row3
| class=" " | 50000
|
|
|
|- class="even"
| class=" " | Row4
| class=" " | 0
|
|
|
|- class="odd"
| class=" " | Row5
| class="sshl_f " | 1
|
|
|
|- class="even"
| Row6
| class="sshl_f" | -10333.287654
|
|
|
|}

<div align="left">[[Image:calci1.gif]]</div></div>
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