PMT (PQL - xl)

This function returns the payment amount for a loan given the present value, specified interest rate, and number of terms

  • Library: PQL \ Spreadsheet \ Financial
  • Compatibility: Any content (regardless of data source) in the Tabulate spreadsheet module
  • Solve: This function can be used with the Solve plug-in: both as part of the objective function and constraint functions

Syntax

PMT(rate, nper, pv, OPTIONAL fv, OPTIONAL type)
Function Arguments

Name

Description

Type

Optional

rate

Value of interest rate per period

Number

nper

Total number of payment periods

Number

pv

Present value, worth now

Number

fv

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

Number

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

Y

Comments

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