PMT
Calculates the payment for a loan based on constant payments and a constant interest rate.
Syntax
expression.PMT(arg1, arg2, arg3, arg4, arg5);
expression - A variable that represents a ApiWorksheetFunction class.
Parameters
| Name | Required/Optional | Data type | Default | Description |
|---|---|---|---|---|
| arg1 | Required | ApiRange | ApiName | number | The interest rate per period for the loan. For example, use 6%/4 for quarterly payments at 6% APR. | |
| arg2 | Required | ApiRange | ApiName | number | The total number of payments for the loan. | |
| arg3 | Required | ApiRange | ApiName | number | The present value: the total amount that a series of future payments is worth now. | |
| arg4 | Optional | ApiRange | ApiName | number | The future value, or a cash balance which will be attained after the last payment is made. If omitted, it is equal to 0. | |
| arg5 | Optional | ApiRange | ApiName | number | A logical value: payment at the beginning of the period = 1; payment at the end of the period = 0 or omitted. |
Returns
number
Example
- Code
- Result
let worksheet = Api.GetActiveSheet();
let func = Api.GetWorksheetFunction();
worksheet.GetRange("A1").SetValue(func.PMT(0.08/12, 2*12, 10000, 0));