Pmt (PQL)

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

  • Returned Output: Numeric
  • Library: PQL \ Common \ Financial
  • Version: 2025.01.000
  • Compatibility:
    • It can be combined with other PQL functions throughout the application.
    • It CANNOT be used with MDX or VBA functions. But it can be used on MDX-based content in other parts of the application.

Syntax

Pmt( <Numeric> , <Numeric> , <Numeric> , OPTIONAL <Numeric> , OPTIONAL <Boolean> )

* Click on the function's arguments above for more details on the input values.

Comments

This function is the same as the Microsoft Excel 'PMT' function - using the same inputs, logic, and outputs.

Function Arguments

Name

Description

Type

Optional

rate

Value of interest rate per period.

<Numeric>

 

nper

Total number of payment periods.

<Numeric>

 

pv

Present value, worth now.

<Numeric>

 

fv

Future value, cash value after the last payment; if omitted, the calculation uses zero.

<Numeric>

Y

type

Indicates when payments are due; at the end (0) or beginning (1) of the period; if omitted, the calculation uses the end (0).

Number ( <Boolean>)

Y

Note: Literal encoding is in use; this means that Booleans and Dates are represented as numeric values (1 and 0 and timestamps or serial date numbers, respectively).

Example

This example calculates from the loan amount in [Data Sales] , the fixed payment needed every period for 12 periods, assuming a 0.5% interest rate per period:

Pmt( 0.05, 12, ([measures].[Data Sales]) )