PMT

PMT(arg1, arg2, arg3, arg4, arg5) → { number | string | boolean }

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

Parameters:

Name Type Description
arg1 number

Is the interest rate per period for the loan. For example, use 6%/4 for quarterly payments at 6% APR.

arg2 number

Is the total number of payments for the loan.

arg3 number

Is the present value: the total amount that a series of future payments is worth now.

arg4 number

Is the future value, or a cash balance you want to attain after the last payment is made, 0 (zero) if omitted.

arg5 number

Is a logical value: payment at the beginning of the period = 1; payment at the end of the period = 0 or omitted.

Returns:

Type
number | string | boolean